AECOM (ACM) to Issue Quarterly Dividend of $0.22 on October 18th

AECOM (NYSE:ACM) announced a quarterly dividend on Thursday, September 12th, RTT News reports. Investors of record on Wednesday, October 2nd will be paid a dividend of 0.22 per share by the construction company on Friday, October 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, October 2nd.

AECOM has a dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Analysts expect AECOM to earn $4.94 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 17.8%.

AECOM Stock Performance

Shares of ACM opened at $97.83 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock has a 50-day moving average price of $93.14 and a 200-day moving average price of $91.92. The company has a market cap of $13.12 billion, a PE ratio of -1,086.82, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. AECOM has a 12-month low of $74.40 and a 12-month high of $102.26.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, equities analysts forecast that AECOM will post 4.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACM has been the topic of a number of research reports. Barclays raised their price objective on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. UBS Group boosted their price objective on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Citigroup reduced their target price on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. KeyCorp boosted their price target on shares of AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird upped their price target on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $105.00.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.