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

Arcosa (NYSE:ACA) released its quarterly earnings results on Thursday. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08, Briefing.com reports. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. The company had revenue of $664.70 million for the quarter, compared to analyst estimates of $661.54 million. During the same period in the previous year, the company 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 Down 13.0 %

ACA stock opened at $79.07 on Friday. Arcosa has a 1-year low of $61.98 and a 1-year high of $95.50. The business has a fifty day moving average price of $85.97 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. The stock has a market capitalization of $3.84 billion, a P/E ratio of 27.08 and a beta of 0.74.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were paid a $0.05 dividend. 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 is currently 6.85%.

Insider Transactions at Arcosa

In other news, insider Kerry S. Cole sold 10,978 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $88.71, for a total value of $973,858.38. Following the completion of the transaction, the insider now owns 18,527 shares in the company, valued at $1,643,530.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

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