Arcosa (NYSE:ACA) will be issuing its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Arcosa (NYSE:ACA) last announced its earnings results on Thursday, May 2nd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.26. The business had revenue of $410.90 million for the quarter, compared to analysts’ expectations of $392.16 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. On average, analysts expect Arcosa to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE ACA opened at $37.26 on Wednesday. Arcosa has a 1 year low of $21.00 and a 1 year high of $39.74. The stock has a market capitalization of $1.76 billion and a price-to-earnings ratio of 20.47. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.41 and a current ratio of 2.51. The stock’s 50-day simple moving average is $36.61.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Friday, July 12th. Arcosa’s payout ratio is 10.99%.
Separately, Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Arcosa has an average rating of “Buy” and an average target price of $39.95.
In related news, insider Valueact Capital Master Fund, sold 1,500,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $36.03, for a total value of $54,045,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is currently owned by insiders.
Arcosa Company Profile
Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
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