ARE.TO - Aecon Group Inc.

Toronto - Toronto Delayed Price. Currency in CAD
12.41
-0.29 (-2.28%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close12.70
Open12.59
Bid12.53 x N/A
Ask12.55 x N/A
Day's Range12.03 - 12.65
52 Week Range10.94 - 21.83
Volume884,621
Avg. Volume378,301
Market Cap753.481M
Beta (5Y Monthly)0.32
PE Ratio (TTM)11.04
EPS (TTM)1.12
Earnings DateMar. 03, 2020
Forward Dividend & Yield0.64 (5.04%)
Ex-Dividend DateMar. 19, 2020
1y Target Est25.11
  • Thomson Reuters StreetEvents

    Edited Transcript of ARE.TO earnings conference call or presentation 4-Mar-20 3:00pm GMT

    Q4 2019 Aecon Group Inc Earnings Call

  • CNW Group

    Aecon to hold virtual annual meeting of shareholders

    TORONTO , March 24, 2020 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that it will hold its annual meeting of shareholders on Tuesday, June 2, 2020 using a virtual meeting format. The decision to ...

  • How Does Aecon Group's (TSE:ARE) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does Aecon Group's (TSE:ARE) P/E Compare To Its Industry, After The Share Price Drop?

    To the annoyance of some shareholders, Aecon Group (TSE:ARE) shares are down a considerable 33% in the last month...

  • Bear Market 2020: Invest in This Canadian Domestic Giant for Limited Downside
    The Motley Fool

    Bear Market 2020: Invest in This Canadian Domestic Giant for Limited Downside

    Here's why you can consider stocks such as Aecon Group in this volatile market. The post Bear Market 2020: Invest in This Canadian Domestic Giant for Limited Downside appeared first on The Motley Fool Canada.

  • The Canadian Press

    Aecon paints a rosy picture of year ahead, despite fourth-quarter profit drop

    Aecon Group Inc. is forecasting another year of income growth on the heels of record annual revenue, as the construction firm continues to shore up its backlog of infrastructure projects.Chief financial officer David Smales predicted revenue growth "in the single digits, but still relatively strong," for 2020.Smales cited a full order book and high demand for infrastructure and public-private partnerships in Canada, including urban transit and nuclear refurbishment projects.Aecon expects more than 40 per cent of its $6.79-billion backlog — roughly in line with 2018 — will be worked off in 2020, building on a six per cent boost in 2019 revenues to $3.46 billion.The rosy picture prompted the company to raise its quarterly dividend 10 per cent, despite weaker fourth-quarter results.The Toronto-based firm will pay 16 cents per share on April 2, up from 14.5 cents previously."We always say don't look at one quarter in isolation," Smales said. "Over the course of the year, margins continue to move in the right direction."Analyst Frederic Bastien of Raymond James said Aecon "continues to execute admirably, enjoys healthy demand for its core services, and benefits from reduced global and domestic competition."The fourth quarter saw Aecon earn 28 per cent less in profits but score three major contracts with a total value $690 million, and the company's share valued at $420 million.The trio comprises pipeline construction in Alberta for Trans Mountain Corp., piping installation for NOVA Chemicals in Ontario and a joint venture to upgrade a pair of highways on Vancouver Island and B.C.'s Lower Mainland.On Feb. 10, Aecon signed off on a 50-50 joint venture with Spanish conglomerate Acciona SA to replace the Pattullo Bridge in the Lower Mainland, a project valued at $967.5 million.One week earlier Aecon announced a $30-million deal to acquire Voltage Power, an electrical transmission and substation contractor based in Winnipeg.Benoit Poirier, an analyst with Desjardins Securities, called Aecon's debt-to-adjusted earnings ratio of 1.8 "a key competitive advantage" to snag new projects.In 2019, new contract awards of $3.43 billion were booked compared to $5.84 billion in 2018.A sizable chunk of that comes from a $639.8-million fixed-price construction contract, signed in April, to widen Highway 401 between Mississauga and Milton in the Greater Toronto Area, with Aecon granted a 50 per cent stake.Chief executive Jean-Louis Servranckx told analysts on a conference call Wednesday that the novel coronavirus has not interrupted work or supply chains.Aecon said it earned $20.2 million or 31 cents per diluted share for the three months ended Dec. 31, compared with $27.9 million or 41 cents per share a year earlier.The company was expected earn 32 cents per share on $934.6 million in revenues, according to financial markets data firm Refinitiv.Quarterly revenues decreased 3.3 per cent to $917.3 million.For the full year, Aecon earned $72.9 million or $1.12 per diluted share on a record $3.46 billion in revenues. That's up from $59 million or 94 cents per share on $3.27 billion in 2018. Analysts expected $1.14 per share in earnings on $3.49 billion of revenues.Excluding the contract mining business sold in November 2018, revenues grew 13 per cent instead of six posted Tuesday.This report by The Canadian Press was first published March 4, 2020.Companies in this story: (TSX:ARE)Christopher Reynolds, The Canadian PressNote to readers: This is a corrected story. An earlier version said the dividend is rising from 14.5 per cent.

  • The Canadian Press

    Aecon raising dividend after record 2019 revenues despite weaker fourth quarter

    TORONTO — Aecon Group Inc. is raising its quarterly dividend 10 per cent after reporting record revenues last year but weaker fourth-quarter results.The Toronto-based construction firm will pay 16 cents per share on April 2, up from 14.5 per cent previously.Aecon says it earned $20.2 million or 31 cents per diluted share for the three months ended Dec. 31, compared with $27.9 million or 41 cents per share a year earlier.Revenues decreased 3.3 per cent to $917.3 million.The company was expected earn 32 cents per share on $934.6 million in revenues, according to financial markets data firm Refinitiv.For the full year, it earned $72.9 million or $1.12 per diluted share on a record $3.46 billion in revenues. That's up from $59 million or 94 cents per share on $3.27 billion in 2018. Analysts expected $1.14 per share in earnings on $3.49 billion of revenues.Excluding the contract mining business sold in November 2018, revenues grew 13 per cent instead of six posted Tuesday.This report by The Canadian Press was first published March 3, 2020.Companies in this story: (TSX:ARE).The Canadian Press

  • CNW Group

    Aecon reports 2019 results including record revenue and Adjusted EBITDA

    Aecon reports 2019 results including record revenue and Adjusted EBITDA

  • CNW Group

    Aecon joint venture reaches financial close on the Pattullo Bridge Replacement Project in British Columbia

    TORONTO, Feb. 10, 2020 /CNW/ - Aecon Group Inc. (TSX:ARE.TO - News) announced today that Fraser Crossing Partners has reached financial close on the Pattullo Bridge Replacement Project in British Columbia. Fraser Crossing Partners, selected by the Province of British Columbia to design, build and partially finance the project, is a 50/50 joint venture between Aecon and Acciona. Aecon's share of the contract value will be added to its Construction segment backlog in the first quarter of 2020.

  • Did Aecon Group's (TSE:ARE) Share Price Deserve to Gain 50%?
    Simply Wall St.

    Did Aecon Group's (TSE:ARE) Share Price Deserve to Gain 50%?

    Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...

  • Baystreet

    Stocks in play: Aecon Group Inc.

    Has acquired Voltage Power, an electrical transmission and substation contractor headquartered in Winnipeg, ...

  • The Canadian Press

    Aecon buying electrical transmission and substation contractor Voltage Power

    TORONTO — Aecon Group Inc. has signed a deal to acquire Voltage Power, an electrical transmission and substation contractor based in Winnipeg.Under deal, Aecon will pay $30 million in cash, with additional payments possible based on achieving minimum financial targets over the next three years.Aecon chief executive Jean-Louis Servranckx says Voltage Power is the third strategic, tuck-in acquisition Aecon has made over the past 18 months.The acquisition helps expand Aecon's capabilities to perform medium to high-voltage transmission and distribution work.Aecon says Voltage Power has had average annual revenue of approximately $60 million over the past three years.Voltage Power is a private, employee-owned company.This report by The Canadian Press was first published Feb. 3, 2020.Companies in this story: (TSX:ARE)The Canadian Press

  • CNW Group

    Aecon acquires medium to high-voltage electrical transmission contractor Voltage Power

    TORONTO , Feb. 3, 2020 /CNW/ -   Aecon Group Inc. (TSX: ARE) announced today that it has acquired Voltage Power, an electrical transmission and substation contractor headquartered in Winnipeg, Manitoba ...

  • CNW Group

    Aecon schedules fourth quarter and year-end 2019 financial results release and conference call

    TORONTO , Jan. 30, 2020 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that it intends to release its fourth quarter and year-end 2019 financial results on Tuesday, March 3, 2020 after market close, ...

  • Canadian Construction Giant That Could Gain 40% in 2020
    The Motley Fool

    Canadian Construction Giant That Could Gain 40% in 2020

    Aecon stock is trading at a cheap valuation multiple and can outperform broader markets in 2020.

  • Should Aecon Group Inc. (TSE:ARE) Be Part Of Your Dividend Portfolio?
    Simply Wall St.

    Should Aecon Group Inc. (TSE:ARE) Be Part Of Your Dividend Portfolio?

    Dividend paying stocks like Aecon Group Inc. (TSE:ARE) tend to be popular with investors, and for good reason - some...

  • CNW Group

    Aecon announces John M. Beck transition from Executive Chairman to non-executive Chairman

    TORONTO , Jan. 10, 2020 /CNW/ - Aecon Group Inc. (ARE.TO) announced today that effective immediately, John M. Beck , Founder, former Chief Executive Officer and Executive Chairman has transitioned to the role of non-executive Chairman. Jean-Louis Servranckx , President and Chief Executive Officer, will assume full executive responsibility and will be fully supported by Mr. Beck and the Board. As part of the transition, Mr. Beck's formal employment with the Company will cease and, as a result, Mr. Beck will receive 36 months' salary and short-term incentive plan entitlements and other benefits in accordance with his employment agreement.

  • Here's How P/E Ratios Can Help Us Understand Aecon Group Inc. (TSE:ARE)
    Simply Wall St.

    Here's How P/E Ratios Can Help Us Understand Aecon Group Inc. (TSE:ARE)

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...

  • CNW Group

    Aecon joint venture selected as preferred proponent for the Pattullo Bridge Replacement Project in British Columbia

    Aecon joint venture selected as preferred proponent for the Pattullo Bridge Replacement Project in British Columbia