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

Arcosa (NYSE:ACA) announced its earnings results on Wednesday. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13, Briefing.com reports. The business had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.68%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. Arcosa updated its FY 2024 guidance to EPS.

Arcosa Trading Up 0.6 %

NYSE:ACA traded up $0.57 on Friday, reaching $94.21. The stock had a trading volume of 3,353 shares, compared to its average volume of 235,729. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 35.60 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. The firm’s fifty day moving average is $91.68 and its two-hundred day moving average is $86.86. Arcosa has a 12-month low of $61.98 and a 12-month high of $97.65.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.05 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.21%. Arcosa’s dividend payout ratio (DPR) is 7.60%.

Analysts Set New Price Targets

ACA has been the topic of several recent research reports. Barclays initiated coverage on shares of Arcosa in a research note on Tuesday. They issued an “overweight” rating and a $106.00 price objective on the stock. Stephens upgraded shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a research report on Wednesday, August 7th. Finally, Oppenheimer boosted their target price on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th.

Insider Buying and Selling at Arcosa

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

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.