Arcosa (NYSE:ACA) Posts Earnings Results, Misses Estimates By $0.05 EPS

Arcosa (NYSE:ACA) posted its earnings results on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05), FiscalAI reports. Arcosa had a net margin of 17.90% and a return on equity of 8.17%. The company had revenue of $658.70 million during the quarter, compared to analyst estimates of $687.50 million. During the same quarter last year, the business posted $1.27 EPS. Arcosa’s quarterly revenue was down 10.6% compared to the same quarter last year.

Arcosa Stock Up 0.0%

Shares of ACA traded up $0.07 during trading hours on Friday, reaching $144.96. The company’s stock had a trading volume of 138,010 shares, compared to its average volume of 455,361. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. Arcosa has a 1-year low of $87.81 and a 1-year high of $146.92. The company has a 50 day moving average of $139.46 and a two-hundred day moving average of $124.62. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 2.14 and a beta of 1.05.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 15th. Arcosa’s payout ratio is presently 4.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ACA shares. Barclays boosted their price objective on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Oppenheimer downgraded Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Weiss Ratings downgraded Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Stephens set a $150.00 price objective on Arcosa in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $141.25.

Institutional Investors Weigh In On Arcosa

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP lifted its position in Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after buying an additional 248 shares in the last quarter. Danske Bank A S acquired a new position in shares of Arcosa in the 3rd quarter valued at $66,000. EverSource Wealth Advisors LLC boosted its position in shares of Arcosa by 77.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company’s stock worth $64,000 after purchasing an additional 322 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Arcosa in the 4th quarter valued at about $105,000. Finally, Banque Cantonale Vaudoise grew its holdings in shares of Arcosa by 200.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 1,103 shares of the company’s stock valued at $103,000 after buying an additional 736 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

About Arcosa

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.