Arcosa (NYSE:ACA) Issues Earnings Results, Beats Estimates By $0.08 EPS

Arcosa (NYSE:ACA) announced its quarterly earnings data on Thursday. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08, Briefing.com reports. Arcosa had a net margin of 6.05% and a return on equity of 6.40%. The firm 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 firm posted $0.76 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. Arcosa updated its FY 2024 guidance to EPS.

Arcosa Stock Performance

ACA stock opened at $79.07 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.28 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 27.08 and a beta of 0.74. Arcosa has a 12 month low of $61.98 and a 12 month high of $95.50. The firm has a 50 day moving average of $85.97 and a two-hundred day moving average of $83.43.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date was Monday, July 15th. Arcosa’s dividend payout ratio is 6.85%.

Insiders Place Their Bets

In other news, insider Kerry S. Cole sold 10,978 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $88.71, for a total value of $973,858.38. Following the completion of the sale, the insider now directly owns 18,527 shares in the company, valued at $1,643,530.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson boosted their price objective on shares of Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Arcosa presently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

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.