AECOM Sees FY24 EPS $4.45-$4.55 Vs $4.45 Est.
Portfolio Pulse from Benzinga Newsdesk
AECOM has increased its earnings guidance for fiscal 2024, projecting adjusted EPS between $4.45 and $4.55, and adjusted EBITDA between $1,075 million and $1,105 million. The company expects organic NSR growth at the lower end of the 8%-10% range, a segment adjusted operating income margin of approximately 15.6%, and 100%+ free cash flow conversion. AECOM also plans to continue repurchasing stock, which will benefit per share earnings.
August 05, 2024 | 8:10 pm
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AECOM has raised its earnings guidance for fiscal 2024, projecting adjusted EPS between $4.45 and $4.55, and adjusted EBITDA between $1,075 million and $1,105 million. The company expects strong cash flow and plans to continue repurchasing stock.
The increased earnings guidance and strong financial metrics indicate positive short-term performance for AECOM. The company's plans for continued stock repurchases will likely boost per share earnings, making the stock more attractive to investors.
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