Arcosa (ACA) Scheduled to Post Quarterly Earnings on Thursday

Arcosa (NYSE:ACA) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Arcosa to post earnings of $0.57 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.35. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. The company had revenue of $582.20 million for the quarter, compared to analysts’ expectations of $554.54 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. On average, analysts expect Arcosa to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Arcosa Price Performance

ACA stock opened at $76.92 on Thursday. The firm has a market cap of $3.74 billion, a P/E ratio of 23.60 and a beta of 0.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 2.12. Arcosa has a 1 year low of $57.74 and a 1 year high of $89.07. The stock has a 50-day simple moving average of $82.29 and a 200-day simple moving average of $78.12.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, April 12th. Arcosa’s dividend payout ratio is presently 6.13%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ACA. DA Davidson lifted their price objective on shares of Arcosa from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Oppenheimer raised their price target on shares of Arcosa from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

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.