Arcosa (NYSE:ACA) Posts Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Arcosa (NYSE:ACA) announced its earnings results on Thursday. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.21, Briefing.com reports. The company had revenue of $598.60 million during the quarter, compared to the consensus estimate of $580.06 million. Arcosa had a return on equity of 6.17% and a net margin of 6.05%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 earnings per share.

Arcosa Price Performance

Arcosa stock opened at $85.33 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. Arcosa has a 12-month low of $61.98 and a 12-month high of $89.07. The firm has a market capitalization of $4.14 billion, a PE ratio of 29.22 and a beta of 0.69. The firm has a 50-day moving average price of $81.63 and a 200-day moving average price of $78.57.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Friday, April 12th. Arcosa’s dividend payout ratio (DPR) is 6.85%.

Analyst Ratings Changes

Several equities analysts have commented on ACA shares. Oppenheimer raised their price objective on Arcosa from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. DA Davidson boosted their price target on Arcosa from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Arcosa currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

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.