Arcosa, Inc. (NYSE:ACA) to Issue 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 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Wednesday, January 15th.

Arcosa has a payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Arcosa stock traded up $1.14 during midday trading on Friday, hitting $109.14. 203,401 shares of the company’s stock were exchanged, compared to its average volume of 240,367. The stock has a 50-day moving average price of $101.05 and a two-hundred day moving average price of $91.74. Arcosa has a 52-week low of $72.75 and a 52-week high of $113.43. The company has a market cap of $5.32 billion, a P/E ratio of 41.03 and a beta of 0.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays started coverage on shares of Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective on the stock. Oppenheimer raised their price target on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, August 19th.

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.