Tuesday, November 11, 2014

AECOM Technology (ACM) Stock Sinking Today on Earnings Results

NEW YORK (TheStreet) -- Shares of AECOM Technology Corp. are lower by 6.74% to $30.57 on heavy volume in mid-afternoon trading on Tuesday, after the company reported a decline in its 2014 fourth quarter net income to $64 million, or 64 cents per diluted share, compared to $77 million, or 77 cents per diluted share for the year ago quarter. On an adjusted basis, diluted earnings per share were 79 cents for the most recent quarter, while analysts polled by Thomson Reuters were expecting 82 cents per share for the quarter. The company, which provides professional technical and management support services for worldwide commercial and government customers, said revenue grew by 23% to $2.56 billion versus $2.07 billion for the 2013 fourth quarter. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Revenue for the latest quarter beat analysts' estimates of $2.25 billion. Separately, TheStreet Ratings team rates AECOM TECHNOLOGY CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation: "We rate AECOM TECHNOLOGY CORP (ACM) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins." You can view the full analysis from the report here: ACM Ratings Report ACM data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


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