Aecon Group Inc. (TSE:ARE – Get Rating) – Analysts at Desjardins decreased their Q3 2022 earnings estimates for Aecon Group in a research note issued on Monday, August 1st. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.59. Desjardins has a "Hold" rating on the stock. The consensus estimate for Aecon Group's current full-year earnings is $0.83 per share.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada lowered their price target on shares of Aecon Group from C$16.00 to C$13.00 and set a "sector perform" rating on the stock in a research report on Tuesday. CIBC decreased their target price on shares of Aecon Group from C$16.00 to C$14.00 in a report on Tuesday. Atb Cap Markets downgraded shares of Aecon Group from an "outperform" rating to a "sector perform" rating in a research note on Tuesday. Raymond James cut their target price on shares of Aecon Group from C$21.00 to C$17.00 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus cut their target price on shares of Aecon Group from C$14.00 to C$11.00 in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$15.41.

Aecon Group Price Performance

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Tuesday, July 5th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 6.75%. The ex-dividend date of this dividend was Thursday, June 23rd. Aecon Group's dividend payout ratio is presently 180.00%.

About Aecon Group

(Get Rating)

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.

Read More

• Two High-Yield Deep-Values You Shouldn't Ignore
• Is Starbucks Shooting For The Moon?
• PayPal Continues To Struggle As Competition Increases
• Proposed Tesla Stock Split Drives EV Market Higher
• AutoNation Stock is Firing on All Pistons

Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.