Q1 2023 Earnings Estimate for North American Construction Group Ltd. (TSE:NOA) Issued By Raymond James

Posted by Defense World Staff on Apr 26th, 2023

North American Construction Group Ltd. (TSE:NOA – Get Rating) (NYSE:NOA) – Equities research analysts at Raymond James upped their Q1 2023 EPS estimates for North American Construction Group in a research report issued on Monday, April 24th. Raymond James analyst B. Fast now expects that the company will post earnings per share of $0.78 for the quarter, up from their previous forecast of $0.66. Raymond James currently has a “Outperform” rating and a $26.00 price target on the stock. The consensus estimate for North American Construction Group’s current full-year earnings is $2.34 per share. Raymond James also issued estimates for North American Construction Group’s FY2024 earnings at $2.50 EPS.

Other equities research analysts also recently issued reports about the stock. Pi Financial lifted their price target on shares of North American Construction Group from C$25.00 to C$32.00 in a report on Friday, February 17th. ATB Capital upgraded shares of North American Construction Group from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$24.00 to C$29.00 in a report on Thursday, February 16th. Canaccord Genuity Group boosted their target price on shares of North American Construction Group from C$22.00 to C$26.00 in a report on Friday, February 17th. National Bankshares boosted their target price on shares of North American Construction Group from C$24.00 to C$27.00 and gave the company an “outperform” rating in a report on Friday, February 17th. Finally, TD Securities downgraded shares of North American Construction Group from a “buy” rating to a “hold” rating and boosted their target price for the company from C$25.00 to C$26.00 in a report on Friday, February 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.44.

North American Construction Group Stock Performance

TSE:NOA opened at C$25.49 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 142.32. The firm has a 50-day moving average price of C$23.03 and a two-hundred day moving average price of C$19.66. North American Construction Group has a twelve month low of C$12.65 and a twelve month high of C$25.57. The company has a market capitalization of C$709.39 million, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 0.79 and a beta of 1.57.

North American Construction Group (TSE:NOA – Get Rating) (NYSE:NOA) last posted its earnings results on Wednesday, February 15th. The company reported C$1.10 earnings per share for the quarter, beating the consensus estimate of C$0.73 by C$0.37. North American Construction Group had a net margin of 8.75% and a return on equity of 23.06%. The firm had revenue of C$233.42 million during the quarter, compared to the consensus estimate of C$204.70 million.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 7th. Shareholders of record on Friday, April 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.57%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 2nd. North American Construction Group’s dividend payout ratio is 18.87%.

Insiders Place Their Bets

In other North American Construction Group news, Director Martin Robert Ferron sold 40,000 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of C$23.10, for a total transaction of C$924,000.00. 9.05% of the stock is owned by corporate insiders.

North American Construction Group Company Profile

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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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