Arcosa (NYSE:ACA) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Arcosa (NYSE:ACA) issued its quarterly earnings data on Wednesday. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13, Briefing.com reports. The business had revenue of $640.40 million during the quarter, compared to analysts’ expectations of $682.52 million. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. Arcosa updated its FY 2024 guidance to EPS.

Arcosa Price Performance

Shares of ACA stock traded up $0.20 during trading hours on Thursday, reaching $95.36. The company had a trading volume of 91,632 shares, compared to its average volume of 235,568. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.31. The stock has a fifty day moving average of $91.68 and a 200-day moving average of $86.86. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 32.43 and a beta of 0.71. Arcosa has a 12-month low of $61.98 and a 12-month high of $97.65.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.05 dividend. The ex-dividend date of this dividend 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 presently 6.85%.

Insider Activity

In other Arcosa news, Director Steven J. Demetriou acquired 6,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the transaction, the director now owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Steven J. Demetriou purchased 6,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was acquired at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the transaction, the director now directly owns 9,943 shares in the company, valued at approximately $872,001.10. This represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bryan Stevenson sold 4,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $83.78, for a total value of $335,120.00. Following the transaction, the insider now owns 35,333 shares of the company’s stock, valued at approximately $2,960,198.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ACA shares. Oppenheimer upped their price target on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target for the company in a report on Wednesday, August 7th. Finally, Barclays started coverage on Arcosa in a report on Tuesday. They set an “overweight” rating and a $106.00 target price for the company.

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.