Arcosa (NYSE:ACA) issued its quarterly earnings results on Thursday. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.13, MarketWatch Earnings reports. Arcosa had a return on equity of 6.92% and a net margin of 6.32%. The firm had revenue of $498.50 million for the quarter, compared to analyst estimates of $498.30 million.
Shares of NYSE:ACA opened at $42.22 on Friday. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 5.45 and a beta of 0.31. The company has a 50 day moving average of $41.08 and a two-hundred day moving average of $40.34. Arcosa has a 52-week low of $28.14 and a 52-week high of $47.85. The company has a quick ratio of 1.68, a current ratio of 2.77 and a debt-to-equity ratio of 0.19.
The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.47%. The ex-dividend date was Tuesday, July 14th. Arcosa’s dividend payout ratio (DPR) is presently 8.51%.
In related news, Director Ronald J. Gafford sold 10,024 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $37.55, for a total value of $376,401.20. Following the completion of the transaction, the director now owns 26,877 shares of the company’s stock, valued at $1,009,231.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kerry S. Cole sold 4,482 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $44.51, for a total value of $199,493.82. Following the sale, the insider now owns 33,584 shares of the company’s stock, valued at approximately $1,494,823.84. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.
A number of equities research analysts have issued reports on ACA shares. Oppenheimer initiated coverage on Arcosa in a research report on Tuesday, May 12th. They set a “buy” rating and a $52.00 price target for the company. Zacks Investment Research upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a report on Tuesday, July 14th. ValuEngine cut shares of Arcosa from a “hold” rating to a “sell” rating in a research report on Monday, July 13th. Finally, DA Davidson increased their price objective on shares of Arcosa from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Arcosa has a consensus rating of “Hold” and a consensus price target of $49.20.
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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