Revenue Update on Aegion Corp(NASDAQ:AEGN)

Aegion Corp(NASDAQ:AEGN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $297.69M. Analysts estimated a revenue of $305.18M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.24.

In a different note, Sidoti & Co. said it Initiates Coverage on Aegion Corp, according to a research note issued on Jun 27, 2016. The shares have been rated ‘Neutral’ by the firm.

Aegion Corp (AEGN) shares turned negative on Mondays trading session with the shares closing down -0.19 points or -1.00% at a volume of 1,58,206. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.325. The peak price level was also seen at $19.325 while the days lowest was $18.81. Finally the shares closed at $18.87. The 52-week high of the shares is $22.41 while the 52-week low is $15.97. According to the latest information available, the market cap of the company is $653 M.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Alfred L Woods (director) sold 5,000 shares at $19.39 per share price.Also, On Nov 9, 2015, David A Martin (EVP and CFO) sold 11,323 shares at $20.92 per share price.On Nov 6, 2015, Michael D White (SVP & Corporate Controller) sold 451 shares at $20.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines; rehabilitate and strengthen water wastewater energy and mining piping systems and buildings bridges tunnels and waterfront structures. It operates through three segments: Infrastructure Solutions Corrosion Protection and Energy Services. Its sewer rehabilitation activities are conducted through installation and other construction operations performed directly by its subsidiaries. Its corrosion protection operations perform maintenance rehabilitation and corrosion protection services for oil and gas industrial and mineral piping systems and structures. Its Energy Services Operations performs engineering procurement construction maintenance and turnaround services.

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