Arcosa (NYSE:ACA) Announces Quarterly Earnings Results
Arcosa (NYSE:ACA) posted its earnings results on Thursday. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.13, MarketWatch Earnings reports. The company had revenue of $498.50 million for the quarter, compared to analyst estimates of $498.30 million. Arcosa had a return on equity of 6.92% and a net margin of 6.32%.
Shares of Arcosa stock opened at $42.22 on Friday. Arcosa has a 1 year low of $28.14 and a 1 year high of $47.85. The company’s fifty day simple moving average is $41.08 and its 200-day simple moving average is $40.34. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 5.45 and a beta of 0.31. The company has a current ratio of 2.77, a quick ratio of 1.68 and a debt-to-equity ratio of 0.19.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. Arcosa’s dividend payout ratio (DPR) is presently 8.51%.
In other Arcosa news, Director Ronald J. Gafford sold 10,024 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $37.55, for a total value of $376,401.20. Following the sale, the director now directly owns 26,877 shares in the company, valued at approximately $1,009,231.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kerry S. Cole sold 4,482 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $44.51, for a total transaction of $199,493.82. Following the completion of the sale, the insider now owns 33,584 shares in the company, valued at $1,494,823.84. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.
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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