Arcosa (NYSE:ACA) Posts Earnings Results

Arcosa (NYSE:ACA - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.13, Briefing.com reports. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The firm had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. During the same quarter last year, the firm earned $0.73 earnings per share. The firm's revenue was up 8.2% compared to the same quarter last year. Arcosa updated its FY 2024 guidance to EPS.

Arcosa Price Performance

Shares of ACA traded down $1.52 during mid-day trading on Thursday, reaching $93.64. 330,577 shares of the company's stock were exchanged, compared to its average volume of 236,701. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $91.68 and a two-hundred day simple moving average of $86.86. Arcosa has a 52-week low of $61.98 and a 52-week high of $97.65. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 32.07 and a beta of 0.71.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. Arcosa's dividend payout ratio (DPR) is 6.85%.

Wall Street Analyst Weigh In

ACA has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of Arcosa in a report on Tuesday. They issued an "overweight" rating and a $106.00 target price for the company. Stephens raised shares of Arcosa from an "equal weight" rating to an "overweight" rating and set a $96.00 target price for the company in a report on Wednesday, August 7th. Finally, Oppenheimer increased their target price on shares of Arcosa from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Monday, August 19th.

Insider Transactions at Arcosa

In other Arcosa news, CEO Antonio Carrillo acquired 12,125 shares of the company's stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $82.05 per share, with a total value of $994,856.25. Following the purchase, the chief executive officer now directly owns 406,275 shares in the company, valued at approximately $33,334,863.75. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Antonio Carrillo bought 12,125 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $82.05 per share, with a total value of $994,856.25. Following the purchase, the chief executive officer now owns 406,275 shares of the company's stock, valued at approximately $33,334,863.75. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven J. Demetriou bought 6,000 shares of the stock in a transaction on Thursday, September 12th. The stock was purchased at an average cost of $87.70 per share, with a total value of $526,200.00. Following the completion of the purchase, the director now directly owns 9,943 shares in the company, valued at $872,001.10. This trade represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company's stock.

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.