North American Construction Group (NYSE:NOA) Releases FY 2024 Earnings Guidance

North American Construction Group (NYSE:NOAGet Free Report) (TSE:NOA) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.900-3.042 for the period, compared to the consensus estimate of 3.930. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.2 billion.

North American Construction Group Stock Performance

Shares of NOA traded up $0.38 during midday trading on Wednesday, reaching $17.18. The stock had a trading volume of 57,386 shares, compared to its average volume of 64,419. The firm has a 50 day simple moving average of $18.44 and a 200-day simple moving average of $19.39. North American Construction Group has a one year low of $16.46 and a one year high of $25.92. The firm has a market cap of $460.96 million, a PE ratio of 12.36 and a beta of 1.49. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 1.82.

North American Construction Group (NYSE:NOAGet Free Report) (TSE:NOA) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. North American Construction Group had a net margin of 4.97% and a return on equity of 21.72%. The company had revenue of $201.95 million during the quarter, compared to the consensus estimate of $230.03 million. As a group, sell-side analysts anticipate that North American Construction Group will post 2.7 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd.

Read Our Latest Research Report on NOA

North American Construction Group Company Profile

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North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.

See Also

Earnings History and Estimates for North American Construction Group (NYSE:NOA)

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