Arcosa (NYSE:ACA – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08, Briefing.com reports. The business had revenue of $664.70 million during the quarter, compared to analyst estimates of $661.54 million. Arcosa had a net margin of 6.05% and a return on equity of 6.40%. Arcosa’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. Arcosa updated its FY 2024 guidance to EPS.
Arcosa Stock Performance
Shares of ACA stock traded down $11.80 during trading hours on Friday, reaching $79.12. The company had a trading volume of 599,900 shares, compared to its average volume of 240,204. The firm has a market cap of $3.85 billion, a PE ratio of 27.10 and a beta of 0.74. The business has a fifty day moving average price of $85.80 and a 200-day moving average price of $83.43. Arcosa has a one year low of $61.98 and a one year high of $95.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.28.
Arcosa Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Monday, July 15th. Arcosa’s payout ratio is presently 6.85%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Arcosa
Insider Buying and Selling
In other Arcosa 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 transaction of $973,858.38. Following the completion of the sale, the insider now directly owns 18,527 shares in the company, valued at approximately $1,643,530.17. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.
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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