Arcosa, Inc. (ACA) to Issue Quarterly Dividend of $0.05 on July 31st

Arcosa, Inc. (NYSE:ACA) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.05 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 15th.

Arcosa has a payout ratio of 4.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Arcosa to earn $4.85 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 Price Performance

Shares of Arcosa stock opened at $145.03 on Monday. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.13 and a beta of 1.04. The firm’s 50-day moving average price is $132.05 and its two-hundred day moving average price is $119.92. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. Arcosa has a 1-year low of $81.91 and a 1-year high of $146.92.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The business had revenue of $571.70 million for the quarter, compared to analyst estimates of $642.40 million. During the same period in the prior year, the company earned $0.49 EPS. Arcosa’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts predict that Arcosa will post 4.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

ACA has been the topic of a number of recent research reports. Texas Capital lowered Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Barclays raised their price target on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Citigroup cut shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Oppenheimer downgraded Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $138.33.

Arcosa Company Profile

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.