Analysts Offer Predictions for TSE:NOA FY2024 Earnings

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) – National Bank Financial cut their FY2024 earnings estimates for shares of North American Construction Group in a report released on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now expects that the company will earn $3.59 per share for the year, down from their prior estimate of $3.79. The consensus estimate for North American Construction Group’s current full-year earnings is $4.06 per share. National Bank Financial also issued estimates for North American Construction Group’s Q4 2024 earnings at $1.00 EPS and FY2025 earnings at $3.90 EPS.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.10 by C$0.02. The business had revenue of C$286.86 million during the quarter, compared to analyst estimates of C$294.95 million. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. During the same period in the prior year, the business posted $0.50 earnings per share.

NOA has been the subject of several other research reports. ATB Capital lowered their price objective on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. National Bankshares increased their price target on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Finally, Canaccord Genuity Group boosted their price target on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, North American Construction Group currently has an average rating of “Buy” and a consensus target price of C$37.63.

North American Construction Group Trading Down 1.2 %

Shares of NOA stock opened at C$28.28 on Monday. The business has a 50-day moving average of C$29.48 and a 200 day moving average of C$27.13. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79. North American Construction Group has a 1-year low of C$22.68 and a 1-year high of C$34.87. The stock has a market capitalization of C$755.92 million, a PE ratio of 15.45, a P/E/G ratio of 0.79 and a beta of 1.59.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron sold 6,209 shares of the company’s stock in a transaction dated Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total value of C$196,204.40. Insiders own 8.93% of the company’s stock.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.70%. North American Construction Group’s dividend payout ratio (DPR) is 21.86%.

North American Construction Group Company Profile

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.