Arcosa, Inc. (NYSE:ACA) Declares Quarterly Dividend of $0.05

Arcosa, Inc. (NYSE:ACA) announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.05 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, October 15th.

Arcosa has a payout ratio of 4.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Arcosa to earn $4.91 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 4.1%.

Arcosa Stock Up 0.0%

ACA stock opened at $145.54 on Thursday. The stock has a market capitalization of $7.15 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.19 and a beta of 1.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. Arcosa has a 1-year low of $89.03 and a 1-year high of $146.92. The business has a fifty day moving average price of $145.11 and a 200-day moving average price of $128.19.

Arcosa (NYSE:ACA) last posted its earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.05). Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The company had revenue of $658.70 million for the quarter, compared to the consensus estimate of $687.50 million. During the same quarter in the prior year, the company posted $1.27 EPS. Arcosa’s revenue was down 10.6% on a year-over-year basis. Equities analysts forecast that Arcosa will post 4.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Citigroup downgraded Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Zacks Research upgraded Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Stephens set a $150.00 price target on Arcosa in a research report on Thursday, August 6th. Weiss Ratings raised Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $141.25.

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.