AECOM (ACM) to Issue Quarterly Dividend of $0.22 on July 19th

AECOM (NYSE:ACM) declared a quarterly dividend on Wednesday, June 5th, RTT News reports. Stockholders of record on Wednesday, July 3rd will be given a dividend of 0.22 per share by the construction company on Friday, July 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, July 3rd.

AECOM has a dividend payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AECOM to earn $5.03 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 17.5%.

AECOM Price Performance

ACM opened at $88.14 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.88. The company has a market cap of $12.00 billion, a price-to-earnings ratio of -979.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.21. The stock has a fifty day simple moving average of $89.82 and a two-hundred day simple moving average of $90.96. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. Research analysts predict that AECOM will post 4.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on ACM shares. KeyCorp boosted their price target on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Truist Financial reaffirmed a “buy” rating and issued a $113.00 price target (up previously from $106.00) on shares of AECOM in a research report on Wednesday, May 8th. Citigroup increased their price objective on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Robert W. Baird raised their price objective on shares of AECOM from $104.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Finally, UBS Group upped their target price on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $107.25.

Insider Activity

In other news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $93.51, for a total transaction of $671,308.29. Following the completion of the transaction, the director now directly owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.