Arcosa, Inc. (NYSE:ACA) Declares Quarterly Dividend of $0.05

Arcosa, Inc. (NYSE:ACA) announced a quarterly dividend on Friday, December 13th,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.05 per share on Friday, January 31st. This represents a $0.20 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Wednesday, January 15th.

Arcosa has a dividend payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Arcosa to earn $4.81 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.2%.

Arcosa Stock Up 1.1 %

NYSE ACA traded up $1.14 on Friday, reaching $109.14. The company had a trading volume of 230,601 shares, compared to its average volume of 240,367. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa has a 1 year low of $72.75 and a 1 year high of $113.43. The firm has a 50-day moving average of $101.37 and a 200-day moving average of $91.89. The firm has a market capitalization of $5.32 billion, a PE ratio of 41.50 and a beta of 0.74.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business had revenue of $640.40 million during the quarter, compared to analyst estimates of $682.52 million. During the same period last year, the business earned $0.73 EPS. The business’s revenue was up 8.2% on a year-over-year basis. On average, equities research analysts anticipate that Arcosa will post 3.37 EPS for the current fiscal year.

Analyst Ratings Changes

ACA has been the subject of several research analyst reports. Barclays assumed coverage on shares of Arcosa in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 target price for the company. Oppenheimer increased their target price on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, August 19th.

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.