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

Arcosa, Inc. (NYSE:ACA) declared a quarterly dividend on Friday, December 13th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.05 per share on Friday, January 31st. This represents a $0.20 annualized dividend and a yield of 0.18%. The ex-dividend date is Wednesday, January 15th.

Arcosa has a payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Arcosa to earn $4.81 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 4.2%.

Arcosa Stock Performance

Shares of Arcosa stock traded up $1.14 during trading hours on Friday, hitting $109.14. 203,401 shares of the company’s stock traded hands, compared to its average volume of 240,367. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 41.03 and a beta of 0.74. Arcosa has a 12-month low of $72.75 and a 12-month high of $113.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The company has a fifty day simple moving average of $101.05 and a 200-day simple moving average of $91.74.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. During the same quarter last year, the company posted $0.73 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities research analysts anticipate that Arcosa will post 3.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on ACA. Oppenheimer raised their target price on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Barclays initiated coverage on Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price objective for the company.

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.