North American Construction Group Ltd. (TSE:NOA – Get Rating) (NYSE:NOA) – Investment analysts at Raymond James reduced their Q3 2022 earnings estimates for North American Construction Group in a note issued to investors on Thursday, October 20th. Raymond James analyst B. Fast now forecasts that the company will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.55. Raymond James has a "Outperform" rating and a $22.00 price objective on the stock. The consensus estimate for North American Construction Group's current full-year earnings is $2.37 per share. Raymond James also issued estimates for North American Construction Group's Q4 2022 earnings at $0.60 EPS and FY2022 earnings at $1.76 EPS.
Get North American Construction Group alerts:North American Construction Group (TSE:NOA – Get Rating) (NYSE:NOA) last released its quarterly earnings results on Wednesday, July 27th. The company reported C$0.17 EPS for the quarter, missing analysts' consensus estimates of C$0.29 by C($0.12). The business had revenue of C$168.03 million for the quarter, compared to analysts' expectations of C$173.70 million.
A number of other equities analysts also recently weighed in on the stock. Atb Cap Markets downgraded shares of North American Construction Group from an "outperform" rating to a "sector perform" rating in a research note on Thursday, July 28th. Pi Financial dropped their target price on shares of North American Construction Group from C$30.00 to C$28.00 and set a "na" rating for the company in a research note on Tuesday, July 26th. National Bankshares dropped their target price on shares of North American Construction Group from C$22.00 to C$20.00 and set an "outperform" rating for the company in a research note on Friday, July 29th. CIBC dropped their target price on shares of North American Construction Group from C$17.50 to C$16.00 in a research note on Thursday, October 13th. Finally, ATB Capital dropped their price target on shares of North American Construction Group from C$22.00 to C$21.00 in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, North American Construction Group currently has an average rating of "Moderate Buy" and a consensus target price of C$23.13.North American Construction Group Trading Up 2.5 %
Shares of TSE NOA opened at C$15.00 on Friday. North American Construction Group has a 1-year low of C$12.65 and a 1-year high of C$22.00. The company has a market cap of C$407.63 million and a PE ratio of 9.32. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 148.94. The company has a 50-day moving average of C$14.56 and a two-hundred day moving average of C$15.38.
Insider Buying and Selling
In other news, insider North American Construction Group Ltd. bought 52,000 shares of the stock in a transaction on Wednesday, July 27th. The stock was purchased at an average price of C$15.30 per share, with a total value of C$795,662.40. Following the completion of the purchase, the insider now owns 90,200 shares of the company's stock, valued at C$1,380,168.24. In other news, insider North American Construction Group Ltd. bought 52,000 shares of the stock in a transaction on Wednesday, July 27th. The stock was purchased at an average price of C$15.30 per share, with a total value of C$795,662.40. Following the completion of the purchase, the insider now owns 90,200 shares of the company's stock, valued at C$1,380,168.24. Also, Director Martin Robert Ferron bought 5,500 shares of the stock in a transaction on Thursday, September 22nd. The stock was purchased at an average cost of C$13.82 per share, with a total value of C$76,010.00. Following the purchase, the director now directly owns 2,245,570 shares of the company's stock, valued at approximately C$31,033,777.40. Insiders acquired a total of 418,100 shares of company stock valued at $6,238,551 over the last ninety days.
North American Construction Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Wednesday, August 31st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Tuesday, August 30th. North American Construction Group's dividend payout ratio (DPR) is 14.91%.
About North American Construction Group
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North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.
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