Brokerages expect Aegion Corp (NASDAQ:AEGN) to announce sales of $311.00 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Aegion’s earnings, with the lowest sales estimate coming in at $310.00 million and the highest estimate coming in at $312.00 million. Aegion posted sales of $337.50 million in the same quarter last year, which would indicate a negative year over year growth rate of 7.9%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 27th.
According to Zacks, analysts expect that Aegion will report full-year sales of $1.31 billion for the current fiscal year. For the next financial year, analysts forecast that the business will report sales of $1.32 billion, with estimates ranging from $1.30 billion to $1.33 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Aegion.
Get Aegion alerts:Aegion (NASDAQ:AEGN) last released its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Aegion had a negative net margin of 0.55% and a positive return on equity of 7.42%.
A number of brokerages recently issued reports on AEGN. BidaskClub upgraded shares of Aegion from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research upgraded shares of Aegion from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, ValuEngine lowered shares of Aegion from a “hold” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Aegion presently has an average rating of “Hold” and a consensus price target of $25.75.
NASDAQ AEGN traded up $0.40 during mid-day trading on Tuesday, reaching $17.76. 196,296 shares of the stock were exchanged, compared to its average volume of 101,829. Aegion has a 1-year low of $15.12 and a 1-year high of $26.80. The firm has a market cap of $668.90 million, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.52 and a beta of 1.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.89 and a current ratio of 2.17.
In related news, SVP Stephen P. Callahan sold 3,419 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $21.00, for a total transaction of $71,799.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.37% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of AEGN. Simplex Trading LLC purchased a new position in Aegion during the fourth quarter worth approximately $65,000. Bank of Montreal Can raised its stake in Aegion by 14.0% during the fourth quarter. Bank of Montreal Can now owns 5,432 shares of the construction company’s stock worth $88,000 after purchasing an additional 668 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Aegion by 78.6% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,532 shares of the construction company’s stock worth $109,000 after purchasing an additional 2,875 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Aegion during the fourth quarter worth approximately $150,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in Aegion by 347.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,280 shares of the construction company’s stock worth $168,000 after purchasing an additional 7,983 shares during the period. 94.67% of the stock is currently owned by institutional investors.
About Aegion
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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