North American Construction Group Ltd (TSE:NOA) (NYSE:NOA) – Stock analysts at Raymond James issued their Q2 2019 earnings per share estimates for North American Construction Group in a research report issued to clients and investors on Monday, April 29th, Zacks Investment Research reports. Raymond James analyst B. Cherniavsky anticipates that the company will earn $0.23 per share for the quarter. Raymond James has a “Strong-Buy” rating and a $22.00 price target on the stock. Raymond James also issued estimates for North American Construction Group’s Q4 2019 earnings at $0.38 EPS, FY2019 earnings at $1.35 EPS and FY2020 earnings at $1.60 EPS.
A number of other research firms have also weighed in on NOA. Canaccord Genuity raised their price objective on North American Construction Group from C$22.00 to C$23.00 in a research report on Wednesday, February 27th. Pi Financial raised their price objective on North American Construction Group from C$20.00 to C$23.00 in a research report on Wednesday, February 27th. Finally, National Bank Financial reaffirmed an “outperform” rating and set a C$22.50 price objective on shares of North American Construction Group in a research report on Tuesday, April 2nd.
North American Construction Group (TSE:NOA) (NYSE:NOA) last released its earnings results on Monday, February 25th. The company reported C$0.10 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.11 by C($0.01). The firm had revenue of C$131.00 million during the quarter, compared to the consensus estimate of C$89.90 million.
In other North American Construction Group news, Senior Officer Barry Wade Palmer sold 5,100 shares of North American Construction Group stock in a transaction on Monday, March 18th. The stock was sold at an average price of C$16.85, for a total value of C$85,935.00. Following the completion of the sale, the insider now owns 62,989 shares of the company’s stock, valued at approximately C$1,061,364.65. Also, Senior Officer Joseph Charles Lambert sold 9,200 shares of North American Construction Group stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of C$16.59, for a total value of C$152,628.00. Following the completion of the sale, the insider now directly owns 66,032 shares of the company’s stock, valued at approximately C$1,095,470.88. In the last ninety days, insiders have purchased 5,000 shares of company stock valued at $78,340 and have sold 27,300 shares valued at $454,413.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, July 5th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, May 30th.
North American Construction Group Company Profile
North American Energy Partners Inc, through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily in Western Canada. The company offers construction and operations support services through various stages of an oil sands project's lifecycle.
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