Ultime notizie per AECOM (NYSE:ACM) Azioni

AECOM

Aecom is one of the largest global providers of design, engineering, construction, and management services. It serves a broad spectrum of end markets including infrastructure, water, transportation, and energy. Based in Los Angeles, Aecom has a presence in over 150 countries and employs 51,000. The company generated $14.4 billion in sales and $847 million in adjusted operating income in fiscal 2023.

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Throughout the last three months, 9 analysts have evaluated AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>), offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $104.22, a high estimate of $119.00, and a low estimate of $94.00. This current average represents a 1.05% decrease from the previous average price target of $105.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1728065018_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A clear picture of AECOM's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$119.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Adam Seiden</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$105.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Sangita Jain</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$99.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Andrew Wittmann</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$96.00</td>
</tr>
<tr>
<td>Arthur Nagorny</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$113.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$108.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$104.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Sangita Jain</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$94.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Andrew Wittmann</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$96.00</td>
<td>$110.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to AECOM. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of AECOM compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of AECOM's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of AECOM's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ACM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on AECOM analyst ratings.</a>
<h2>Get to Know AECOM Better</h2>
Aecom is one of the largest global providers of design, engineering, construction, and management services. It serves a broad spectrum of end markets including infrastructure, water, transportation, and energy. Based in Los Angeles, Aecom has a presence in over 150 countries and employs 51,000. The company generated $14.4 billion in sales and $847 million in adjusted operating income in fiscal 2023.
<h3>AECOM: Delving into Financials</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining AECOM's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.31% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: AECOM's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 3.23%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): AECOM's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.97% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): AECOM's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.14%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.31, caution is advised due to increased financial risk.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

The Latest Analyst Ratings For AECOM

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>HSBC raised the price target for GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) from $240 to $255. HSBC analyst Sean McLoughlin downgraded the stock from Buy to Hold. GE Vernova shares gained 1% to close at $254.68 on Thursday. <a href="https://www.benzinga.com/quote/GEV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Macquarie raised the price target for Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) from $25 to $33. Macquarie analyst Eugene Hsiao downgraded the stock from Outperform to Neutral. Li Auto shares fell 3.6% to close at $28.82 on Thursday. <a href="https://www.benzinga.com/quote/LI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. raised Eton Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETON#NASDAQ">ETON</a>) price target from $9 to $11. HC Wainwright &amp; Co. analyst Swayampakula Ramakanth maintained a Buy rating. Eton Pharmaceuticals shares gained 16.3% to close at $6.91 on Thursday. <a href="https://www.benzinga.com/quote/ETON/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen raised CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) price target from $59 to $85. TD Cowen analyst Charles Ryhee upgraded the stock from Hold to Buy. CVS Health shares gained 1.1% to close at $62.92 on Thursday. <a href="https://www.benzinga.com/quote/CVS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) price target from $68 to $80. Keybanc analyst Upal Rana maintained an Overweight rating. Agree Realty shares fell 0.1% to close at $75.19 on Thursday. <a href="https://www.benzinga.com/quote/ADC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised the price target for Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) from $577 to $582. B of A Securities analyst Sara Senatore maintained a Buy rating. Domino&#8217;s fell 0.6% to close at $420.89 on Thursday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank cut Six Flags Entertainment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) price target from $65 to $58. Deutsche Bank analyst Chris Woronka maintained a Buy rating. Six Flags Entertainment shares fell 3.1% to close at $37.20 on Thursday. <a href="https://www.benzinga.com/quote/FUN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised the price target for RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) from $107 to $125. Morgan Stanley analyst Vincent Sinisi maintained an Equal-Weight rating. RPM shares fell 0.3% to close at $127.30 on Thursday. <a href="https://www.benzinga.com/quote/RPM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel raised Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) price target from $27 to $29. Stifel analyst Steven Wieczynski maintained a Buy rating. Norwegian Cruise Line shares fell 2.1% to close at $19.44 on Thursday. <a href="https://www.benzinga.com/quote/NCLH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities boosted AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) price target from $108 to $119. Truist Securities analyst Jamie Cook maintained a Buy rating. AECOM shares gained 0.6% to close at $102.57 on Thursday. <a href="https://www.benzinga.com/quote/ACM/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="525" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04084653/image-2-9-1024x525.png" alt="" class="wp-image-580661" style="width:638px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04084653/image-2-9-1024x525.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04084653/image-2-9-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04084653/image-2-9-768x394.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04084653/image-2-9.png 1310w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Truist Securities analyst Jamie Cook maintains AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) with a Buy and raises the price target from $108 to $119.

Truist Securities Maintains Buy on AECOM, Raises Price Target to $119

This initiative aims to build the necessary wastewater and water linear infrastructure to support the development of housing mandated under&nbsp;Bill 23, which includes Ontario&#39;s goal to build 1.5 million units by 2031.

AECOM Says Selected By Peel Region To Provide Program Management Services For The Queen Street Housing Enabling Infrastructure Program

AECOM Announced That It Will Serve As The Design Partner Subcontracted To Capital Line Design-build To Deliver Phase 1 Of The City Of Edmonton's Capital Line South Light Rail Transit Extension Project

AECOM (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acm#NYSE">ACM</a>) won a contract from the Los Angeles County Metropolitan Transportation Authority (Metro) to provide program management, design and engineering services.
Banking on its Sustainable Legacies strategy, ACM will support Metro&#39;s ambitious goal of transitioning its bus fleet to Zero Emission Buses. Also, it will focus on charging infrastructure conceptual design, specification, and procurement. Its expertise will help guide the seamless transition to zero-emission operations, offering innovative solutions to complex transportation challenges.
The sustainable and efficient transit system aims to reduce greenhouse gas emissions while improving air quality for Los Angeles County residents. On an impressive note, the initiative is one of the largest electric bus programs in the United States and is supported by the Infrastructure Investment and Jobs Act.
<h2>ACM&#39;s Stock Performance</h2>
The company&#39;s shares have gained 11.6% so far this year, which is nearly one-third of the Zacks Engineering - R and D Services industry&#39;s 36.2% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/db/79473.jpg?v=371988059" />
Image Source: Zacks Investment Research
This Zacks Rank #4 (Sell) company has been ailing from labor shortages, particularly in skilled trades. Inflationary pressures, particularly in raw materials and energy, could also be bothering margins. This apart, broader economic uncertainties, such as fears of a recession or global economic slowdown, might be impacting the infrastructure sector. Investors could be cautious about long-term infrastructure spending, especially if government funding slows down.
<h2>ACM&#39;s Strong Backlog &amp; Global Demand Drive Raises Hope</h2>
Mitigating the above-mentioned headwinds, AECOM has been experiencing robust growth across all its segments, backed by strong pipeline visibility for the upcoming quarters. Healthy state and local budgets, along with increased private sector investments in water and energy transitions, have contributed to this upward trend.
Additionally, the U.K. water market is expected to see accelerated growth over the next five years, driven by a near doubling of AMP8 funding. AECOM&#39;s deep expertise with major water utilities positions it well to benefit from this expansion.
Global demand for infrastructure development is rising, further increasing the need for AECOM&#39;s services. As of the fiscal third-quarter end, the total backlog was $23.36 billion compared with $23.21 billion reported in the prior-year period. The current backlog level includes 54.8% contracted backlog growth.
Ongoing contract wins are expected to boost prospects. Global infrastructure spending trends remain strong, providing further opportunities for AECOM&#39;s continued expansion.
<h2>Key Picks</h2>
Some better-ranked stocks in the same space are:
Sterling Infrastructure, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strl#NASDAQ">STRL</a>) presently sports a Zacks Rank #1 (Strong Buy). Sterling Infrastructure has a trailing four-quarter earnings surprise of 17.4%, on average.
The Zacks Consensus Estimate for STRL&#39;s 2024 sales and earnings per share indicates a rise of 9.7% and 26.6%, respectively, from the prior-year levels.
Howmet Aerospace Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hwm#NYSE">HWM</a>) presently carries a Zacks Rank #2 (Buy). HWM has a trailing four-quarter earnings surprise of 10.9%, on average.
The Zacks Consensus Estimate for HWM&#39;s 2024 sales and EPS indicates a rise of 12.6% and 40.8%, respectively, from the prior-year levels.
M-tron Industries, Inc. (AMEX:MPTI) currently carries a Zacks Rank #2. It has topped earnings estimates in three of the trailing four quarters and missed once, with an average surprise of 9.2%.
The Zacks Consensus Estimate for MPTI&#39;s 2024 sales and EPS indicates a rise of 16.1% and 76.6%, respectively, from prior-year levels.
<a href="https://www.zacks.com/stock/news/2342821/aecom-wins-contract-to-support-la-metro-s-zeb-transition?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2342821">To read this article on Zacks.com click here.</a>

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AECOM Wins Contract to Support LA Metro's ZEB Transition

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AECOM Has Received A Contract To Provide Program Management, Design, And Engineering Services To Support The Los Angeles County Metropolitan Transportation Authority's Ambitious Goal Of Transitioning Its Bus Fleet To Zero-emission Buses

AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) has outperformed the market over the past 5 years by 8.19% on an annualized basis producing an average annual return of 22.21%. Currently, AECOM has a market capitalization of $13.57 billion. 
Buying $1000 In ACM: If an investor had bought $1000 of ACM stock 5 years ago, it would be worth $2,714.42 today based on a price of $101.19 for ACM at the time of writing.
<h3>AECOM's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727121617_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In AECOM 5 Years Ago Would Be Worth This Much Today

AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>), the world's trusted infrastructure consulting firm, today announced its selection by the City of Austin as the prime consultant for the expansion of the Walnut Creek Wastewater Treatment Plant (WWTP) in Austin, Texas. The project aims to improve the aging structure's operational and environmental features by increasing the plant's capacity from 75 million gallons per day (MGD) to 100 MGD. As the population of Austin grows, the upgrades will bolster the resiliency of the community's wastewater infrastructure while safeguarding its surrounding ecosystem.
"As our industry's leading Water consulting firm, we look forward to continuing our long-standing partnership with the City of Austin to ensure the Walnut Creek Expansion delivers state-of-the-art treatment capabilities to the local community," said Beverley Stinson, chief executive of AECOM's global Water business. "Our teams have established themselves as pioneers in the global push to advance highly efficient and cost effective nutrient removal, and will leverage this extensive expertise to enhance the plant and improve the effluent water quality to protect the environment, while meeting existing and future community demands."
The AECOM team's scope of work for the project includes process, mechanical, civil, electrical and structural engineering services to modernize and upgrade the existing infrastructure, while incorporating advanced operational and environmental features. The expansion will involve replacing aging equipment, constructing a new 25 MGD treatment train, and building a new 120-inch outfall line and structure. The project will also provide wet weather treatment with new 100 MGD cloth filters and build a flood wall to protect against 100-year floods in accordance with the National Weather Service's historic <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.austintexas.gov%2Fdepartment%2Fflood-risk-and-atlas-14&amp;esheet=54125161&amp;newsitemid=20240923628017&amp;lan=en-US&amp;anchor=Atlas+14&amp;index=1&amp;md5=f42d51c75c9b61534bc111d8082f631f">Atlas 14</a> flood risk study.
"AECOM has a longstanding partnership with the City of Austin, having designed substantial portions of the City's major water and wastewater treatment plants," said Matt Crane, chief executive of AECOM's U.S. West region. "Our expertise in complex treatment design will support an exceptionally resilient, sustainable facility, aligning with our Sustainable Legacies strategy to make a lasting positive impact through every project we undertake."
Originally built in 1977 with an 18 million gallon per day capacity, the Walnut Creek Wastewater Treatment Plant has since been expanded three times in 1987, 1990, and 2005 to reach its current capacity of 75 million gallons per day. The facility is expected to remain operational throughout the work.

AECOM to Lead Major Expansion of Austin's Walnut Creek Wastewater Plant, Boosting Capacity to 100 MGD

The appointment will support Wessex Water in delivering its planned &pound;3.7 billion investment between 2025-2030 in a wide range of improvements for its 2.9 million customers across the South West of England, including improved wastewater treatment, enhancing the environment and ensuring the availability of water.

AECOM Says It Has Been Awarded First Place On The Design Consultant Lot Of Wessex Water's New Capital Delivery Framework

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This includes management of the&nbsp;$3.8 billion&nbsp;New Terminal 1 (NT1) program and the modernization of Terminal 2 East (T2E) that will transform the traveling experience at SAN.

AECOM Says Selected By The San Diego County Regional Airport Authority To Provide Program Management Services Supporting Projects At San Diego International Airport

MasTec, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtz#NYSE">MTZ</a>) stock has gained nearly 31% in the past six months, outperforming the Zacks Building Products - Heavy Construction industry&#39;s 24.5% growth, the broader Construction sector&#39;s 7.2% increase and the S&amp;P 500 index&#39;s 8.6% rise.
This infrastructure construction company is banking on increasing demand for power, data capacity and network speed. Also, MTZ&#39;s focus on strategic investments for portfolio diversification positions it well for satiating increased infrastructure demand globally. Moreover, the company is optimistic about its growth opportunities in 2025 and beyond, given the solid pipeline across its businesses and acquisition synergies.
MTZ stock also outpaced its competitors like EMCOR Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eme#NYSE">EME</a>), Quanta Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pwr#NYSE">PWR</a>) and AECOM (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acm#NYSE">ACM</a>), which rallied 18.9%, 10.8% and 6.3%, respectively, in the six-month period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e8/77728.jpg?v=1768968619" />
Image Source: Zacks Investment Research
Technical indicators are supportive of MTZ&#39;s strong performance. As of Thursday, the stock is trading at $110.40, comfortably above its 50-day moving average of $106.62.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4e/77735.jpg?v=518729280" />
Image Source: Zacks Investment Research
<h2>What&#39;s Supporting MTZ Stock&#39;s Outperformance?</h2>
Strong Outlook for 2024: MasTec&#39;s robust 18-month backlog of $13.3 billion provides strong visibility into 2024. The company raised its full-year guidance, expecting consolidated revenues of $12.4 billion (prior expected $12.55 billion), up from $12 billion year over year. Adjusted EBITDA is projected to be $975 million, an increase from $860.3 million in 2023, with a margin improvement of 7.9% (up from 7.8% expected earlier and 7.2% reported in 2023).
Adjusted earnings per share are forecasted to be $3.03, up from $1.97 expected earlier. The Clean Energy and Infrastructure segment is expected to increase 10% in 2024, reaching $4.4 billion in revenues, with continued growth anticipated beyond 2024.
Solid Backlog Poses Strength for Future: As of June 30, 2024, MasTec&#39;s Clean Energy and Infrastructure backlog increased 10.3% year over year and 4.6% sequentially, with a 1.2x book-to-bill ratio, providing strong visibility into future projects. The Power Delivery segment saw a 12% year-over-year increase and a 20% sequential growth in backlog, highlighted by a major 700-mile high-voltage transmission project starting in 2025. This project, one of the largest in the United States, will generate $300-$500 million annually through 2028, positioning the segment for strong growth.
The Communications segment saw a 1.7% sequential increase and 8.8% year-over-year backlog growth, with revenues expected to rise 4.5% in 2024. Adjusted EBITDA margins remain strong in the high single digits.
The company is optimistic about its growth opportunities. The robust demand for its services suggests the potential for double-digit revenues and earnings growth in 2025 and beyond. Despite short-term pressure in the power delivery segment, the long-term outlook is improving significantly. Meanwhile, the company continues to experience strong demand in both renewables and infrastructure projects. Based on anticipated bookings, it is well-positioned for substantial growth in 2025.
<img alt="MasTec Corporate Presentation" src="https://staticx-tuner.zacks.com/images/articles/charts/2c/77733.jpg?v=1448717556" />
Image Source: MasTec Corporate Presentation
Expanding Communications Pipeline: MasTec has deepened its relationship with AT&amp;T, its largest wireless client, as AT&amp;T expanded the scope and geographic reach of MasTec&#39;s core wireless services, in addition to a maintenance contract secured in the third quarter of 2023. This, combined with AT&amp;T&#39;s plan to replace Nokia equipment with Ericsson over the next five years, is expected to significantly boost MasTec&#39;s wireless business. The impact will start in the second half of 2024, with segment revenues expected to grow by double digits in 2025.
MasTec is positioned for nearly 20% organic revenue growth in the second half of 2024. Additionally, the growing demand for wireline services and the anticipated Broadband Equity, Access, and Deployment (BEAD) program funding provide long-term visibility. New customers, including private equity-backed entrants, are showing strong interest in MasTec&#39;s comprehensive solutions, enhancing its growth prospects in 2025 and beyond.
Strategic Acquisitions &amp; Equity Investments: MasTec remains focused on bolt-on acquisitions, completing four in 2023 and five in 2022. Additionally, it holds equity stakes in several telecommunications entities that provide construction services to the company.
As of March 31, 2024, MasTec had $22 million in total investments, including $18 million for FM Tech. It also holds 49% equity interests in entities within its Communications and Power Delivery segments, with a $3 million investment and a 75% equity stake in Confluence Networks, LLC, an undersea fiber-optic systems developer, totaling $2.5 million.
<h2>Other Parameters Reflecting MTZ&#39;s Solid Growth Prospect</h2>
Analysts are showing confidence in the stock, as indicated by recent upward revisions in earnings estimates. Over the last 60 days, forecasts for 2024 and 2025 have increased to $3.02 (from $2.94) and $4.35 (from $4.33), respectively.
The company also has a solid earnings surprise history. Its EPS surpassed the consensus estimate in three of the trailing four quarters and missed on one occasion, with the average surprise being 19.4%. Notably, the company currently has a VGM Score of A, which signifies that MTZ has solid growth prospects and the potential to outperform the market in the near term.
These positive trends signify bullish analysts&#39; sentiments, indicating robust fundamentals and the expectation of continued outperformance in the near term.
<h2>Is MasTec a Smart Investment Choice Today?</h2>
In the competitive non-residential services sector, MasTec, a leading infrastructure construction company with an $8.75 billion market cap, distinguishes itself. MTZ is strategically situated to capitalize on converging trends, providing multiple paths for near-and-long-term profitable growth. Its diversified portfolio with significant growth potential in all segments makes the stock the best investment option at the moment.
Also, upward revisions in earnings estimates reinforce its Zacks Rank #2 (Buy) rating, making MTZ an attractive addition to investors&#39; portfolios at present.
<a href="https://www.zacks.com/stock/news/2336063/mastec-stock-rallies-31-in-the-past-6-months-is-mtz-a-buy-right-now?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2336063">To read this article on Zacks.com click here.</a>

Guidance

Technicals

Tech

MasTec Stock Rallies 31% in the Past 6 Months: Is MTZ a Buy Right Now?

AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) has outperformed the market over the past 5 years by 7.31% on an annualized basis producing an average annual return of 20.63%. Currently, AECOM has a market capitalization of $13.16 billion. 
Buying $1000 In ACM: If an investor had bought $1000 of ACM stock 5 years ago, it would be worth $2,574.20 today based on a price of $98.18 for ACM at the time of writing.
<h3>AECOM's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726239773_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) has outperformed the market over the past 5 years by 9.41% on an annualized basis producing an average annual return of 23.54%. Currently, AECOM has a market capitalization of $13.31 billion. 
Buying $100 In ACM: If an investor had bought $100 of ACM stock 5 years ago, it would be worth $287.77 today based on a price of $99.27 for ACM at the time of writing.
<h3>AECOM's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724945468_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning AECOM Stock In The Last 5 Years

AECOM Announced It Was Awarded A Program Management Services Contract By The New York Power Authority, The Largest State Public Power Utility In The United States

The joint venture (JV) between Jacobs Solutions Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/j#NYSE">J</a>) subsidiary, Halcrow, and AECOM (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acm#NYSE">ACM</a>) has entered into a consultancy agreement with the Civil Engineering and Development Department (&quot;CEDD&quot;) of the Hong Kong Special Administrative Region (&quot;HKSAR&quot;) government. The agreement underlines the associated work for the first phase of the San Tin Technopole in Hong Kong.
The contract for the first phase includes 250-hectare land development for the city within the Northern Metropolis to support innovation and technology development, housing, community and commercial facilities. Moreover, the project will adopt an integrated low-carbon infrastructure system to meet carbon neutrality goals before 2050 and employ digital strategies, including building information modeling and digital twins, to improve project outcomes.
The work scope of the JV includes design review, detailed design, tendering, construction supervision and associated engineering infrastructure works of San Tin Technopole.
San Tin Technopole development will be carried out in two phases, with the first population and business intake expected in 2031. Upon completion, it is expected to offer approximately 54,000 new housing units.
<h2>Increasing Backlog Driving J&#39;s Growth</h2>
Jacobs&#39; efficient project execution has increased the demand for its consulting services in various sectors, including infrastructure, water, environment, space, broadband, cybersecurity and life sciences. The strong performance in the recent quarters is reflected through its ongoing contract.
The aforementioned statement is supported by the company&#39;s ongoing backlog growth. At the fiscal third-quarter end, it reported a backlog of $30.6 billion, up from $28.9 billion in the year-ago period. This reflects persistent solid demand for Jacobs&#39; consulting services. Of this backlog, P&amp;PS backlog was $19.28 billion compared with $17.5 billion in the comparable year-ago period, primarily driven by growth in the Life Sciences and Energy markets.
Furthermore, the Critical Mission Solutions&#39; backlog at the end of the fiscal third quarter was $8.45 billion, up year over year from $8.1 billion, providing strong visibility into the base business. The upside was mainly fueled by expansion and higher funding in the U.K. and U.S. nuclear remediation markets, along with growth in the U.K. defense sector.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/48/75592.jpg?v=987278344" />
Image Source: Zacks Investment Research
Shares of this professional, technical and construction services provider have gained 9.1% in the past three months, outperforming the Zacks Technology Services industry&#39;s 4.6% growth. The company is expected to benefit from strong global trends in infrastructure modernization, energy transition, national security and a potential super-cycle in global supply-chain investments.
<h2>Zacks Rank</h2>
Jacobs currently carries a Zacks Rank #3 (Hold).
<h2>About AECOM</h2>
AECOM is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities and government, as well as those in environmental, energy and water businesses. It specializes in providing integrated services for planning, construction and maintenance of infrastructures that include consulting, architecture and engineering, as well as managing the requirements for energy, water and environment of various private and public clients.
ACM recently posted decent third-quarter fiscal 2024 results, with earnings surpassing the Zacks Consensus Estimate. On a year-over-year basis, the top and bottom line increased, backed by solid organic growth in net service revenues in its reportable segments.
<h2>Recent Peer Releases</h2>
KBR, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbr#NYSE">KBR</a>) reported mixed second-quarter 2024 results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line increased on a year-over-year basis.
The upside was predominantly driven by expansion in Sustainable Technology Solutions and notable advancements within Government Solutions. The International, Defense &amp; Intel and Science and Space sectors witnessed new contracts and on-contract growth. Driven by robust performance in its core business, KBR raised its adjusted EBITDA and cash flow guidance for 2024.
Quanta Services Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pwr#NYSE">PWR</a>)&nbsp;reported mixed results for second-quarter 2024, wherein adjusted earnings missed the Zacks Consensus Estimate, but revenues surpassed the same. Both metrics increased on a year-over-year basis.
The growth was supported by robust demand for its services, propelled by customers&#39; multi-year initiatives aimed at modernizing and fortifying utility infrastructure, expanding renewable energy generation and transmission infrastructure, and transitioning toward a low-carbon economy. Moreover, the company has raised its 2024 guidance for major metrics, owing to the expected contributions from its recent acquisition of CEI.
<a href="https://www.zacks.com/stock/news/2327885/jacobs-halcrow-signs-consultancy-deal-with-cedd-in-hong-kong?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2327885">To read this article on Zacks.com click here.</a>

Earnings Beats

Jacobs' Halcrow Signs Consultancy Deal With CEDD in Hong Kong

AECOM's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) short percent of float has risen 18.56% since its last report. The company recently reported that it has 2.01 million shares sold short, which is 1.98% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.66 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>AECOM Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724266817_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AECOM has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing AECOM's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, AECOM's peer group average for short interest as a percentage of float is 5.06%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into AECOM's Recent Short Interest

AECOM Announced That They Have Been Selected By The Transbay Joint Powers Authority To Provide Program Management And Construction Management Services For The Downtown Rail Extension Project

Investors in AECOM (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acm#NYSE">ACM</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $45 Put some of the highest implied volatility of all equity options today.
<h3>What is Implied Volatility?</h3>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h3>What do the Analysts Think?</h3>
Clearly, options traders are pricing in a big move for AECOM shares, but what is the fundamental picture for the company? Currently, AECOM is a Zacks Rank #4 (Sell) in the Engineering - R and D Services industry that ranks in the Top 18% of our Zacks Industry Rank. Over the last 30 days, no analyst increased the earnings estimates for the current quarter, while one has dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.24 per share to $1.22 in that period.
Given the way analysts feel about AECOM right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2324441/is-the-options-market-predicting-a-spike-in-aecom-acm-stock?cid=CS-BENZ-FT-tale_of_the_tape|options-2324441">To read this article on Zacks.com click here.</a>

Options

Is the Options Market Predicting a Spike in AECOM Stock?

Starboard Value reduces stake in GoDaddy, increases Salesforce, others in Q2

Bullish stocks within industrials after reaching new highs

AECOM secures management contract for New York Power Authority

Aecom Technology (ACM – Research Report), the Industrials sector company, was revisited by a Wall Street analyst on August 29. Analyst Andrew Wittm...

Aecom Technology: A Strong Buy on Strategic Growth and Efficiency Enhancements

AECOM declares $0.22 dividend

AECOM Earnings Taking Wings Due To Record Revenues And Margins

AECOM awarded program management contract for San Diego airport expansion project

Argus Research analyst John Staszak maintained a Buy rating on Aecom Technology (ACM – Research Report) yesterday. The company's shares opened toda...

Aecom Technology (ACM) Receives a Buy from Argus Research

In a report released today, Jamie Cook from Truist Financial maintained a Buy rating on Aecom Technology (ACM – Research Report). The company's sha...

Truist Financial Sticks to Their Buy Rating for Aecom Technology (ACM)

JMEE: Actively Managed ETF In Line With Its Objective

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Press Releases

AECOM awarded program management contract to support the New York Power Authority's decarbonization efforts

AECOM declares quarterly dividend

AECOM appointed to Northern Ireland Water's Professional Services Framework

AECOM awarded program management contract for San Diego International Airport expansion project

AECOM renews place on Wessex Water's Capital Delivery Framework

AECOM to design the upgrade and expansion of the Walnut Creek Wastewater Treatment Plant

AECOM awarded contract to support LA Metro's transition to Zero Emission Buses

AECOM appoints Jill Hudkins to lead its new Water & Environment Advisory global business line

AECOM selected as design partner for the Capital Line South Light Rail Transit Extension project in Alberta, Canada

AECOM selected to provide program management services for the Queen Street Housing Enabling Infrastructure Program (HEIP) in Ontario, Canada

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