AECOM (ACM) Updates FY18 Earnings Guidance

Shares of AECOM (ACM) traded down $0.04 during mid-day trading on Monday, hitting $35.59. FCA Corp TX now owns 8,500 shares of the company's stock worth $270,000 after buying an additional 1,500 shares during the period. The stock has a market cap of $5,360.00, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.89 and a beta of 1.71. AECOM has a 12 month low of $30.15 and a 12 month high of $40.72. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.22 and a quick ratio of 1.22.

TRADEMARK VIOLATION WARNING: "AECOM (ACM) Announces Earnings Results, Beats Expectations By $0.01 EPS" was originally published by Week Herald and is the sole property of of Week Herald. As of the latest earnings report the EPS was $2.13 with 156.71M shares now outstanding. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. AECOM had a return on equity of 12.19% and a net margin of 1.46%. AECOM's revenue for the quarter was up 12.3% compared to the same quarter previous year. During the same period in the prior year, the business earned $0.65 EPS.

AECOM declared that its board has authorized a share repurchase program on Thursday, September 21st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 18.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Investor Focus on Smith [AO] Corp (AOS) Shares
Finally, Artisan Partners Limited Partnership increased its position in Smith (A.O.) Corporation by 9.9% in the third quarter. State of Tennessee Treasury Department increased its position in Smith (A.O.) Corporation by 143.9% in the 2nd quarter.

A number of large investors have recently modified their holdings of ACM. Citigroup Inc. reaffirmed a buy rating and set a $4.00 price target (down from $40.00) on shares of AECOM in a research note on Friday, October 27th.

On September 22 Robert W. Baird left the stock rating at "Neutral" with a current price target of $38.00. September 22 investment analysts at KeyCorp maintained a "Buy" rating on the company. Zacks Investment Research upgraded shares of AECOM from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 19th. Credit Suisse Group reaffirmed a hold rating and set a $37.00 target price on shares of AECOM in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $37.14.

In other Aecom Technology Corp. news, insider Frederick W. Werner sold 27,787 shares of the stock in a transaction on Friday, September 16th. As of the end of the quarter Ubs Asset Management Americas Inc had acquired a total of 1,746 shares growing its stake by 2,182.5%. Following the completion of the sale, the chief executive officer now directly owns 154,362 shares of the company's stock, valued at approximately $5,711,394. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were sold at an average price of $36.86, for a total value of $2,093,648.00.

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