00:46:59 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Aecon Group Inc
Symbol ARE
Shares Issued 57,321,863
Close 2016-07-22 C$ 17.91
Market Cap C$ 1,026,634,566
Recent Sedar Documents

Inv Reporter refreshes Aecon Group buy

2016-07-22 21:48 ET - In the News

The Investment Reporter, in its July 15, 2016, issue, refreshes its buy of Aecon Group Inc., recently $17.58. The Reporter said buy on Feb. 28, 2002, at $5, and Dec. 20, 2002, at $4.15. The Reporter then said sell on Feb. 18, 2005, at $6.40. Assuming an investment of $1,000 for each of the two buys, selling the $2,000 position at $6.40 would have yielded a profit of $786. The Reporter then said buy five times from Oct. 5, 2007, to March 4, 2016, at prices ranging from $8.14 to $16.43. An investment of $1,000 for each of the five buys would now be worth $7,207. In the first quarter ended March 31, the construction service provider lost 29 cents a share, compared with a loss of 30 cents a share a year earlier. Aecon's order backlog continues to rise in the second quarter. On June 27, a JV won two energy contracts from Ontario Power Generation, with Aecon's share totalling $223-million. On June 30, the company won a $250-million contract from Union Gas. The increased backlog will enable Aecon to keep raising its dividends. It currently pays a 46-cent annual dividend, which is a 2.6-per-cent yield. The company will likely earn 95 cents a share in 2016 and $1.19 a share in 2017. The stock remains a buy.

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