Arcosa (ACA) to Release Quarterly Earnings on Wednesday

Arcosa (NYSE:ACA) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Arcosa to post earnings of $0.78 per share for the quarter. Arcosa has set its FY 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, August 1st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The business had revenue of $664.70 million for the quarter, compared to the consensus estimate of $661.54 million. During the same period in the previous year, the business earned $0.76 EPS. Arcosa’s revenue was up 13.7% compared to the same quarter last year. On average, analysts expect Arcosa to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Arcosa Trading Up 1.6 %

ACA stock opened at $95.42 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 32.68 and a beta of 0.71. The business has a fifty day moving average price of $91.36 and a 200 day moving average price of $86.71. Arcosa has a fifty-two week low of $61.98 and a fifty-two week high of $97.65.

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. Arcosa’s dividend payout ratio (DPR) is presently 6.85%.

Insider Transactions at Arcosa

In other Arcosa news, CEO Antonio Carrillo acquired 12,125 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $82.05 per share, for a total transaction of $994,856.25. Following the completion of the acquisition, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at approximately $33,334,863.75. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Antonio Carrillo purchased 12,125 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $82.05 per share, with a total value of $994,856.25. Following the purchase, the chief executive officer now directly owns 406,275 shares in the company, valued at $33,334,863.75. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction on Friday, August 16th. The stock was sold at an average price of $83.78, for a total value of $335,120.00. Following the sale, the insider now directly owns 35,333 shares of the company’s stock, valued at approximately $2,960,198.74. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ACA shares. Stephens upgraded shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective for the company in a research report on Wednesday, August 7th. Oppenheimer upped their price objective on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, August 19th.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.