Aecom (ACM) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.87 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.73. The company posted revenue of $4381.00 million in the period, compared to analysts expectations of $4559.85 million. The company’s revenue was down -2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
Many Wall Street Analysts have commented on Aecom. Canaccord Genuity Initiated Aecom on Apr 12, 2016 to “Hold”, Price Target of the shares are set at $31.Deutsche Bank Initiated Aecom on Apr 7, 2016 to “Buy”, Price Target of the shares are set at $41.Aecom was Downgraded by BB&T Capital Mkts to ” Hold” on Mar 21, 2016.
Aecom opened for trading at $31.75 and hit $32.22 on the upside on Friday, eventually ending the session at $32.16, with a gain of 0.34% or 0.11 points. The heightened volatility saw the trading volume jump to 19,53,076 shares. Company has a market cap of $4,908 M.
In a different news, on Apr 28, 2016, Ronald E Osborne (SVP, Controller) sold 5,000 shares at $32.00 per share price. According to the SEC, on Apr 19, 2016, Carla J Christofferson (EVP, General Counsel) sold 10,506 shares at $30.21 per share price. On Mar 3, 2016, William G Ouchi (director) sold 4,956 shares at $28.82 per share price, according to the Form-4 filing with the securities and exchange commission.
AECOM formerly AECOM Technology Corporation designs builds finances and operates infrastructure assets for governments businesses and organizations around the world. The Company provides program and facilities management and maintenance training logistics consulting technical assistance and systems integration and information technology (IT) services. The Company operates through three segments: Design and Consulting Services (DCS) Construction Services (CS) and Management Services (MS). The DCS segment provides planning consulting architectural and engineering design and program and construction management services to commercial and government clients across the world. Its CS segment provides construction program and construction management services including building construction and energy infrastructure and industrial construction primarily in the Americas. The Company through its MS segment is a contractor to the United States Federal Government.