Raymond James Has Negative Outlook of TSE:NOA Q1 Earnings

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) – Analysts at Raymond James dropped their Q1 2025 EPS estimates for shares of North American Construction Group in a research report issued on Friday, December 6th. Raymond James analyst F. Bastien now forecasts that the company will earn $1.07 per share for the quarter, down from their prior estimate of $1.22. The consensus estimate for North American Construction Group’s current full-year earnings is $4.06 per share.

A number of other research analysts have also recently commented on the stock. National Bankshares increased their price target on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday. ATB Capital lowered their target price on shares of North American Construction Group from C$40.00 to C$38.00 in a report on Friday, November 1st. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$30.00 to C$38.00 in a research note on Thursday. Finally, Canaccord Genuity Group increased their target price on North American Construction Group from C$32.00 to C$33.00 in a research note on Friday. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$37.63.

North American Construction Group Stock Down 0.5 %

Shares of TSE NOA opened at C$29.40 on Monday. North American Construction Group has a 12 month low of C$22.68 and a 12 month high of C$34.87. The business has a 50-day moving average of C$26.56 and a 200-day moving average of C$26.50. The firm has a market capitalization of C$785.86 million, a price-to-earnings ratio of 16.07, a PEG ratio of 0.79 and a beta of 1.59. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33.

Insiders Place Their Bets

In other news, Director Martin Robert Ferron acquired 2,900 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of C$27.68 per share, with a total value of C$80,272.00. Insiders bought a total of 11,900 shares of company stock worth $320,617 over the last three months. 8.93% of the stock is currently owned by company insiders.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be paid a $0.12 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.63%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. North American Construction Group’s dividend payout ratio (DPR) is 21.86%.

About North American Construction Group

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.