Arcosa (NYSE:ACA – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08, Briefing.com reports. Arcosa had a return on equity of 6.40% and a net margin of 6.05%. The company had revenue of $664.70 million during the quarter, compared to the consensus estimate of $661.54 million. During the same period last year, the company earned $0.76 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. Arcosa updated its FY 2024 guidance to EPS.
Arcosa Stock Down 13.0 %
Shares of Arcosa stock traded down $11.80 during trading on Friday, reaching $79.12. 599,900 shares of the company traded hands, compared to its average volume of 240,204. The firm has a market capitalization of $3.85 billion, a PE ratio of 27.10 and a beta of 0.74. Arcosa has a 1-year low of $61.98 and a 1-year high of $95.50. The company has a 50 day moving average price of $85.80 and a 200-day moving average price of $83.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.28 and a quick ratio of 1.36.
Arcosa Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Monday, July 15th. Arcosa’s dividend payout ratio (DPR) is 6.85%.
Insiders Place Their Bets
Wall Street Analyst Weigh In
Separately, DA Davidson raised their price target on shares of Arcosa from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $93.00.
Check Out Our Latest Stock Report on Arcosa
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.
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