North American Construction Group Ltd. (NYSE:NOA – Free Report) (TSE:NOA) – Equities researchers at Raymond James decreased their Q3 2023 earnings per share estimates for shares of North American Construction Group in a research note issued to investors on Thursday, September 7th. Raymond James analyst F. Bastien now forecasts that the oil and gas company will post earnings per share of $0.49 for the quarter, down from their prior estimate of $0.51. The consensus estimate for North American Construction Group’s current full-year earnings is $1.81 per share. Raymond James also issued estimates for North American Construction Group’s FY2023 earnings at $1.86 EPS.
North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) last released its earnings results on Wednesday, July 26th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $144.12 million for the quarter, compared to analysts’ expectations of $134.34 million. North American Construction Group had a return on equity of 26.68% and a net margin of 9.34%.
Get Our Latest Stock Analysis on North American Construction Group
North American Construction Group Price Performance
NOA stock opened at $23.73 on Monday. The stock has a market cap of $626.83 million, a price-to-earnings ratio of 12.11 and a beta of 1.48. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.20 and a quick ratio of 0.82. The company has a 50 day simple moving average of $22.49 and a 200 day simple moving average of $19.65. North American Construction Group has a 1 year low of $9.20 and a 1 year high of $26.30.
North American Construction Group Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, August 31st will be paid a $0.075 dividend. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Wednesday, August 30th. North American Construction Group’s dividend payout ratio is currently 15.31%.
Institutional Investors Weigh In On North American Construction Group
Several large investors have recently modified their holdings of the company. UBS Group AG boosted its position in North American Construction Group by 121.4% during the first quarter. UBS Group AG now owns 2,216 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 1,215 shares during the last quarter. State of Tennessee Treasury Department bought a new stake in shares of North American Construction Group during the 1st quarter valued at about $40,000. JPMorgan Chase & Co. boosted its position in shares of North American Construction Group by 114.5% during the 1st quarter. JPMorgan Chase & Co. now owns 2,831 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 1,511 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in North American Construction Group during the first quarter worth approximately $60,000. Finally, Osaic Holdings Inc. increased its holdings in North American Construction Group by 1,102.0% in the second quarter. Osaic Holdings Inc. now owns 3,618 shares of the oil and gas company’s stock worth $69,000 after purchasing an additional 3,317 shares in the last quarter. 61.68% of the stock is currently owned by institutional investors and hedge funds.
North American Construction Group Company Profile
North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. Its 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; and Equipment Maintenance services.
Read More
- Five stocks we like better than North American Construction Group
- Upcoming IPO Stock Lockup Period, Explained
- MarketBeat Week in Review – 9/4 – 9/8
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- The Best 5 Small Cap AI Companies to Buy Now
- What is a Bond Market Holiday? How to Invest and Trade
- Miso Robotics Stock: Is an IPO Coming Soon?
Receive News & Ratings for North American Construction Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North American Construction Group and related companies with MarketBeat.com's FREE daily email newsletter.
