Arcosa (NYSE:ACA) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Arcosa (NYSE:ACA) 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

Separately, DA Davidson raised their price target 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

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.