Analysts forecast that Aegion Co. (NASDAQ:AEGN) will announce $299.30 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Aegion’s earnings, with estimates ranging from $297.00 million to $301.50 million. Aegion reported sales of $325.18 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 8%. The company is scheduled to report its next earnings report after the market closes on Wednesday, May 2nd.
On average, analysts expect that Aegion will report full year sales of $1.34 billion for the current financial year, with estimates ranging from $1.30 billion to $1.35 billion. For the next year, analysts expect that the business will post sales of $1.38 billion per share, with estimates ranging from $1.37 billion to $1.40 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Aegion.
Aegion (NASDAQ:AEGN) last posted its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). The business had revenue of $337.50 million during the quarter, compared to analyst estimates of $332.50 million. Aegion had a positive return on equity of 6.32% and a negative net margin of 5.37%.
Shares of Aegion stock traded up $0.89 during trading on Friday, reaching $24.00. The company’s stock had a trading volume of 107,861 shares, compared to its average volume of 137,349. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 2.00. The stock has a market capitalization of $753.23, a price-to-earnings ratio of 22.22, a PEG ratio of 1.36 and a beta of 1.69. Aegion has a 1-year low of $19.11 and a 1-year high of $28.19.
In related news, CEO Charles R. Gordon sold 20,000 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $23.36, for a total value of $467,200.00. Following the completion of the transaction, the chief executive officer now owns 306,802 shares in the company, valued at approximately $7,166,894.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael D. White sold 4,141 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $23.36, for a total value of $96,733.76. The disclosure for this sale can be found here. Company insiders own 3.37% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Aegion during the 3rd quarter valued at about $133,000. UBS Asset Management Americas Inc. purchased a new position in shares of Aegion during the 4th quarter valued at about $209,000. Teacher Retirement System of Texas purchased a new position in shares of Aegion during the 4th quarter valued at about $291,000. MetLife Investment Advisors LLC purchased a new position in shares of Aegion during the 4th quarter valued at about $383,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Aegion during the 4th quarter valued at about $601,000. Institutional investors own 93.91% of the company’s stock.
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Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.
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