Arcosa (ACA) Set to Announce Earnings on Thursday

Arcosa (NYSE:ACA) will post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Arcosa to post earnings of $0.57 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.35. The company had revenue of $582.20 million during the quarter, compared to analysts’ expectations of $554.54 million. Arcosa had a net margin of 6.90% and a return on equity of 6.90%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. On average, analysts expect Arcosa to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Arcosa Stock Down 0.4 %

Shares of ACA stock traded down $0.33 during trading on Tuesday, reaching $77.89. The company’s stock had a trading volume of 3,820 shares, compared to its average volume of 220,832. Arcosa has a one year low of $61.98 and a one year high of $89.07. The business has a fifty day moving average price of $81.85 and a 200-day moving average price of $78.31. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 23.99 and a beta of 0.66. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.24.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.20 annualized dividend and a yield of 0.26%. Arcosa’s dividend payout ratio (DPR) is presently 6.13%.

Analysts Set New Price Targets

ACA has been the topic of a number of recent research reports. Oppenheimer lifted their target price on Arcosa from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. DA Davidson upped their price objective on Arcosa from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Arcosa Company Profile

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.