AECOM Sees FY16 Adj. EPS In Line With View - Quick Facts

(RTTNews) - AECOM (ACM) said it expects adjusted earnings per share for fiscal year 2016 to be in the range of $3.00 to $3.40, which assumes an expected contribution from the monetization of a portion of AECOM Capital investments. Analysts polled by Thomson Reuters expect the company to report earnings of $3.25 per share for fiscal year 2016. Analysts' estimates typically exclude special items.

The company expects to exit fiscal 2016 at a synergy savings run-rate of $275 million. In addition, the company is increasing its expected total synergy savings target to $325 million, due primarily to additional real estate savings opportunities. Benefits are expected to begin impacting results in fiscal 2017.

The company expects to incur approximately $200 million of acquisition and integration expenses in fiscal 2016.

In addition, the company expects 2016 full-year interest expense, excluding acquisition-related amortization, of approximately $210 million and a full-year share count of 156 million. The company also expects an adjusted effective tax rate of approximately 28%, which includes the anticipated retroactive extension of U.S. R&D tax credits and other incentives.

The company expects fiscal year 2016 capital expenditures to be approximately $150 million, depreciation of approximately $165 million, and amortization of intangible assets of approximately $195 million.