|Bid||14.21 x 0|
|Ask||14.25 x 0|
|Day's Range||13.87 - 14.87|
|52 Week Range||10.94 - 19.32|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||19.22|
|Earnings Date||Oct. 30, 2020|
|Forward Dividend & Yield||0.64 (4.70%)|
|Ex-Dividend Date||Sep. 21, 2020|
|1y Target Est||19.95|
NEW YORK, NY / ACCESSWIRE / October 30, 2020 / Aecon Group, Inc.
TORONTO — Aecon Group Inc. beat expectations as its net profit surged to $73.6 million in the third quarter as it was helped by the federal wage subsidy program.The Toronto-based construction firm said it earned 99 cents per diluted share for the three months ended Sept. 30, compared with 60 cents per share or $42.1 million a year earlier.Revenues increased about one per cent to $1.04 billion, from $1.02 billion.Aecon was expected to earn 41 cents per share on $1 billion of revenues, according to financial markets data firm Refinitiv.The company said it received $69 million from the Canada Emergency Wage Subsidy, which helps companies maintain employment as they deal with the impact of COVID-19.Its backlog was about $6.7 billion, up from $6.6 billion in the third quarter of 2019."Since the beginning of the COVID-19 pandemic, Aecon has been well served by the diversity and resilience of its operations," said CEO Jean-Louis Servranckx."While we have certainly been impacted by COVID-19, operating conditions have stabilized and Aecon's underlying business performance remains strong."This report by The Canadian Press was first published Oct. 29, 2020.Companies in this story: (TSX:ARE)The Canadian Press
The Government of Canada announces the appointment of Mohammed Hashim as Executive Director of the Canadian Race Relations FoundationGATINEAU, QC, Oct. 6, 2020 /CNW Telbec/ - The Honourable Steven Guilbeault, Minister of Canadian Heritage, announced today the appointment of Mohammed Hashim as the new Executive Director of the Canadian Race Relations Foundation for a five-year term, beginning October 13, 2020.