AECOM (NYSE:ACM) Declares $0.26 Quarterly Dividend

AECOM (NYSE:ACM) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Investors of record on Wednesday, April 2nd will be paid a dividend of 0.26 per share by the construction company on Thursday, April 17th. This represents a $1.04 annualized dividend and a yield of 1.08%.

AECOM has a dividend payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AECOM to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 18.4%.

AECOM Stock Performance

NYSE ACM opened at $96.03 on Thursday. The firm’s fifty day moving average price is $104.63 and its two-hundred day moving average price is $105.43. The stock has a market cap of $12.74 billion, a PE ratio of 27.28, a PEG ratio of 1.63 and a beta of 1.19. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56.

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, equities analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM declared that its Board of Directors has initiated a share repurchase plan on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ACM. The Goldman Sachs Group initiated coverage on shares of AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 target price on the stock. Robert W. Baird reduced their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Truist Financial raised their target price on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Citigroup reduced their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Barclays raised their price objective on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $120.38.

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.