Aegion (NASDAQ:AEGN) Issues Q3 Earnings Guidance

Aegion (NASDAQ:AEGN) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.25-0.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.33.

AEGN has been the topic of several research reports. BidaskClub raised shares of Aegion from a sell rating to a hold rating in a research report on Thursday, July 16th. ValuEngine raised Aegion from a sell rating to a hold rating in a report on Friday, July 24th. Finally, Zacks Investment Research raised Aegion from a strong sell rating to a hold rating and set a $13.00 price objective for the company in a research note on Wednesday, July 1st. Six analysts have rated the stock with a hold rating, The company currently has a consensus rating of Hold and an average target price of $20.00.

Shares of NASDAQ:AEGN opened at $15.42 on Friday. Aegion has a fifty-two week low of $11.40 and a fifty-two week high of $23.65. The company has a quick ratio of 1.90, a current ratio of 2.14 and a debt-to-equity ratio of 0.78. The firm’s 50-day simple moving average is $15.44 and its 200-day simple moving average is $16.93. The company has a market cap of $473.15 million, a price-to-earnings ratio of 14.02 and a beta of 1.29.

Aegion (NASDAQ:AEGN) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. Aegion had a negative net margin of 0.55% and a positive return on equity of 7.97%. The firm had revenue of $245.02 million during the quarter, compared to the consensus estimate of $255.40 million. On average, research analysts forecast that Aegion will post 1.1 EPS for the current year.

About Aegion

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. 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 and natural gas companies.

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