Arcosa Inc (NYSE:ACA) to Post Q2 2019 Earnings of $0.53 Per Share, Oppenheimer Forecasts

Arcosa Inc (NYSE:ACA) – Investment analysts at Oppenheimer dropped their Q2 2019 earnings per share (EPS) estimates for shares of Arcosa in a report issued on Sunday, June 23rd, Zacks Investment Research reports. Oppenheimer analyst I. Zaffino now expects that the company will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.56. Oppenheimer also issued estimates for Arcosa’s Q4 2019 earnings at $0.56 EPS.

Arcosa (NYSE:ACA) last released its earnings results on Thursday, May 2nd. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.26. The business had revenue of $410.90 million for the quarter, compared to analysts’ expectations of $392.16 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. Arcosa’s revenue for the quarter was up 15.9% on a year-over-year basis.

A number of other equities research analysts also recently commented on ACA. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. DA Davidson assumed coverage on shares of Arcosa in a research report on Thursday, March 21st. They issued a “buy” rating and a $29.74 target price for the company. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.95.

NYSE:ACA traded up $0.04 during trading hours on Wednesday, reaching $36.72. The company had a trading volume of 154,682 shares, compared to its average volume of 372,604. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.41 and a current ratio of 2.51. Arcosa has a 52 week low of $21.00 and a 52 week high of $39.74. The stock has a market cap of $1.77 billion and a price-to-earnings ratio of 20.18. The company’s 50 day simple moving average is $36.49.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date is Friday, July 12th. Arcosa’s payout ratio is currently 10.99%.

In other news, insider Valueact Capital Master Fund, sold 1,500,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $36.03, for a total value of $54,045,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.37% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY acquired a new stake in Arcosa in the fourth quarter valued at approximately $33,000. FTB Advisors Inc. acquired a new position in Arcosa during the fourth quarter worth about $63,000. Bessemer Group Inc. purchased a new position in Arcosa in the 4th quarter worth about $67,000. First Quadrant L P CA purchased a new position in Arcosa in the 1st quarter worth about $86,000. Finally, Investors Research Corp purchased a new position in Arcosa during the 1st quarter valued at about $92,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Arcosa Company Profile

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 and Estimates for Arcosa (NYSE:ACA)

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