Arcosa (NYSE:ACA) Posts Earnings Results, Beats Expectations By $0.13 EPS

Arcosa (NYSE:ACA) released its quarterly earnings data on Thursday. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.13, MarketWatch Earnings reports. The firm had revenue of $498.50 million during the quarter, compared to analyst estimates of $498.30 million. Arcosa had a return on equity of 6.92% and a net margin of 6.32%.

ACA opened at $42.22 on Friday. The stock has a fifty day simple moving average of $41.08 and a two-hundred day simple moving average of $40.34. The company has a current ratio of 2.77, a quick ratio of 1.68 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 5.43 and a beta of 0.31. Arcosa has a 12-month low of $28.14 and a 12-month high of $47.85.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. Arcosa’s dividend payout ratio (DPR) is 8.51%.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Tuesday, July 14th. Oppenheimer assumed coverage on Arcosa in a report on Tuesday, May 12th. They set a “buy” rating and a $52.00 target price for the company. DA Davidson upped their target price on Arcosa from $40.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, ValuEngine downgraded Arcosa from a “hold” rating to a “sell” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Arcosa currently has a consensus rating of “Hold” and a consensus target price of $49.20.

In other news, insider Kerry S. Cole sold 4,482 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $44.51, for a total transaction of $199,493.82. Following the completion of the transaction, the insider now directly owns 33,584 shares in the company, valued at $1,494,823.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald J. Gafford sold 10,024 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $37.55, for a total value of $376,401.20. Following the transaction, the director now owns 26,877 shares of the company’s stock, valued at $1,009,231.35. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

About Arcosa

Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.

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Earnings History for Arcosa (NYSE:ACA)

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