North American Construction Group (NYSE:NOA) Issues FY 2024 Earnings Guidance

North American Construction Group (NYSE:NOA) (TSE:NOA) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.900-3.042 for the period, compared to the consensus EPS estimate of 3.930. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.2 billion.

North American Construction Group Stock Up 2.3 %

NOA opened at $17.18 on Thursday. The firm has a market cap of $460.96 million, a P/E ratio of 12.36 and a beta of 1.49. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.80 and a current ratio of 1.03. The business has a 50 day moving average price of $18.44 and a 200 day moving average price of $19.39. North American Construction Group has a twelve month low of $16.46 and a twelve month high of $25.92.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $201.95 million during the quarter, compared to analysts’ expectations of $230.03 million. North American Construction Group had a net margin of 4.97% and a return on equity of 21.72%. Research analysts forecast that North American Construction Group will post 2.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.