Arcosa (NYSE:ACA – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13, Briefing.com reports. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The company had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. During the same period last year, the firm earned $0.73 earnings per share. Arcosa’s quarterly revenue was up 8.2% on a year-over-year basis. Arcosa updated its FY 2024 guidance to EPS.
Arcosa Stock Performance
Shares of NYSE ACA traded up $0.20 during midday trading on Thursday, reaching $95.36. 91,632 shares of the company were exchanged, compared to its average volume of 235,568. The company has a current ratio of 2.31, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29. Arcosa has a 1 year low of $61.98 and a 1 year high of $97.65. The stock has a fifty day simple moving average of $91.68 and a 200 day simple moving average of $86.86. The stock has a market cap of $4.63 billion, a P/E ratio of 32.43 and a beta of 0.71.
Arcosa Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Tuesday, October 15th. Arcosa’s dividend payout ratio is currently 6.85%.
Insider Buying and Selling
Analyst Upgrades and Downgrades
A number of research firms have weighed in on ACA. Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target on the stock in a research note on Wednesday, August 7th. Oppenheimer raised their price target on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Barclays started coverage on Arcosa in a report on Tuesday. They set an “overweight” rating and a $106.00 price objective on the stock.
Check Out Our Latest Stock Analysis on ACA
Arcosa Company Profile
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.
Featured Stories
- Five stocks we like better than Arcosa
- Investing in Commodities: What Are They? How to Invest in Them
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- What Are Some of the Best Large-Cap Stocks to Buy?
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- Manufacturing Stocks Investing
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Receive News & Ratings for Arcosa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcosa and related companies with MarketBeat.com's FREE daily email newsletter.