Equities analysts predict that Aegion Corp (NASDAQ:AEGN) will announce earnings of $0.23 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Aegion’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.25. Aegion posted earnings of $0.44 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 47.7%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that Aegion will report full year earnings of $1.09 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.13. For the next year, analysts anticipate that the business will post earnings of $1.38 per share, with EPS estimates ranging from $1.30 to $1.44. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Aegion.
A number of analysts have recently issued reports on AEGN shares. Canaccord Genuity lifted their price objective on shares of Aegion from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. TheStreet lowered shares of Aegion from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Aegion from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub lowered shares of Aegion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $26.00 price objective on shares of Aegion in a research note on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $26.75.
In related news, EVP David F. Morris sold 9,239 shares of Aegion stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $28.05, for a total value of $259,153.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.62% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Two Sigma Investments LP bought a new stake in shares of Aegion in the fourth quarter worth $2,239,000. Goldman Sachs Group Inc. increased its stake in shares of Aegion by 14.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 123,832 shares of the construction company’s stock worth $3,149,000 after buying an additional 15,954 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in shares of Aegion in the fourth quarter worth $601,000. WINTON GROUP Ltd bought a new stake in shares of Aegion in the fourth quarter worth $5,638,000. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Aegion by 63.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 82,730 shares of the construction company’s stock worth $2,104,000 after buying an additional 32,083 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.
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Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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