Arcosa (ACA) Set to Announce Earnings on Thursday

Arcosa (NYSE:ACA) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Arcosa (NYSE:ACA) last issued its earnings results on Friday, February 23rd. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.33 by $0.35. The company had revenue of $582.20 million during the quarter, compared to the consensus estimate of $554.54 million. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. On average, analysts expect Arcosa to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Arcosa Price Performance

Shares of ACA opened at $76.92 on Thursday. The company’s 50-day moving average is $82.29 and its 200-day moving average is $78.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.12 and a quick ratio of 1.18. The firm has a market capitalization of $3.74 billion, a PE ratio of 23.60 and a beta of 0.66. Arcosa has a fifty-two week low of $57.74 and a fifty-two week high of $89.07.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $0.05 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.20 annualized dividend and a yield of 0.26%. Arcosa’s dividend payout ratio is currently 6.13%.

Wall Street Analysts Forecast Growth

ACA has been the topic of several research reports. Oppenheimer upped their target price on Arcosa from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. DA Davidson upped their price objective on Arcosa from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

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.