Raymond James Financial Has Weak Outlook for NOA Q2 Earnings

North American Construction Group Ltd. (NYSE:NOA – Free Report) (TSE:NOA) – Equities research analysts at Raymond James Financial cut their Q2 2025 earnings per share (EPS) estimates for North American Construction Group in a report released on Thursday, July 17th. Raymond James Financial analyst F. Bastien now forecasts that the oil and gas company will post earnings of $0.41 per share for the quarter, down from their prior forecast of $0.50. Raymond James Financial has a “Moderate Buy” rating on the stock. The consensus estimate for North American Construction Group’s current full-year earnings is $2.56 per share. Raymond James Financial also issued estimates for North American Construction Group’s Q3 2025 earnings at $1.04 EPS, Q4 2025 earnings at $0.72 EPS and FY2025 earnings at $2.49 EPS.

A number of other research analysts have also weighed in on NOA. Canaccord Genuity Group lowered North American Construction Group from a “buy” rating to a “hold” rating in a report on Friday, July 11th. Wall Street Zen raised North American Construction Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Check Out Our Latest Report on NOA

North American Construction Group Stock Up 0.4%

NOA stock opened at $15.29 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.74 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $461.85 million, a PE ratio of 15.14 and a beta of 1.24. North American Construction Group has a 1-year low of $13.19 and a 1-year high of $22.08. The business’s 50 day simple moving average is $16.88 and its 200 day simple moving average is $17.20.

Institutional Investors Weigh In On North American Construction Group

Several institutional investors have recently made changes to their positions in the stock. Claret Asset Management Corp boosted its stake in shares of North American Construction Group by 1.7% in the fourth quarter. Claret Asset Management Corp now owns 2,040,138 shares of the oil and gas company’s stock valued at $43,945,000 after buying an additional 33,881 shares during the period. Polar Asset Management Partners Inc. boosted its holdings in shares of North American Construction Group by 70.3% in the 1st quarter. Polar Asset Management Partners Inc. now owns 1,740,985 shares of the oil and gas company’s stock valued at $27,577,000 after purchasing an additional 718,884 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of North American Construction Group by 2.6% in the 1st quarter. National Bank of Canada FI now owns 1,368,520 shares of the oil and gas company’s stock valued at $21,560,000 after purchasing an additional 34,720 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of North American Construction Group by 3.9% in the 1st quarter. Mackenzie Financial Corp now owns 899,609 shares of the oil and gas company’s stock valued at $14,184,000 after purchasing an additional 34,086 shares in the last quarter. Finally, AYAL Capital Advisors Ltd boosted its holdings in shares of North American Construction Group by 9.3% in the 1st quarter. AYAL Capital Advisors Ltd now owns 457,470 shares of the oil and gas company’s stock valued at $7,223,000 after purchasing an additional 38,900 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.

North American Construction Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Wednesday, June 4th were paid a $0.086 dividend. This is a boost from North American Construction Group’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Wednesday, June 4th. North American Construction Group’s payout ratio is 34.65%.

North American Construction Group Company Profile

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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.