Aegion Corp (AEGN) is Upgraded by Sidoti to Buy

Aegion Corp (AEGN) was Upgraded by Sidoti to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Sidoti advised their investors in a research report released on Nov 22, 2016.

On the company’s financial health, Aegion Corp reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Oct 31, 2016. Analyst had a consensus of $0.35. The company had revenue of $308.52 million for the quarter, compared to analysts expectations of $324.73 million. The company’s revenue was down -13.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

Aegion Corp closed down -0.27 points or -1.13% at $23.72 with 3,20,460 shares getting traded on Monday. Post opening the session at $24.06, the shares hit an intraday low of $23.64 and an intraday high of $24.1899 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 14, 2016, John D Huhn (SVP – Strategy & Corp. Dev.) sold 2,700 shares at $22.67 per share price. According to the SEC, on Nov 14, 2016, David F Morris (EVP & General Counsel) sold 15,000 shares at $22.57 per share price. On Jun 17, 2016, Alfred L Woods (director) sold 5,000 shares at $19.39 per share price, according to the Form-4 filing with the securities and exchange commission.

Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines; rehabilitate and strengthen water wastewater energy and mining piping systems and buildings bridges tunnels and waterfront structures. It operates through three segments: Infrastructure Solutions Corrosion Protection and Energy Services. Its sewer rehabilitation activities are conducted through installation and other construction operations performed directly by its subsidiaries. Its corrosion protection operations perform maintenance rehabilitation and corrosion protection services for oil and gas industrial and mineral piping systems and structures. Its Energy Services Operations performs engineering procurement construction maintenance and turnaround services.

Aegion Corp

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