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

Arcosa, Inc. (NYSE:ACA) announced a quarterly dividend on Friday, December 13th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Wednesday, January 15th.

Arcosa has a dividend payout ratio of 4.5% indicating that 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 Price Performance

Shares of ACA stock traded up $1.14 during midday trading on Friday, reaching $109.14. 230,601 shares of the company traded hands, compared to its average volume of 240,367. The firm’s 50 day simple moving average is $101.37 and its two-hundred day simple moving average is $91.89. The firm has a market cap of $5.32 billion, a PE ratio of 41.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa has a 1-year low of $72.75 and a 1-year high of $113.43.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $682.52 million. During the same period in the previous year, the firm earned $0.73 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that Arcosa will post 3.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACA has been the topic of a number of analyst reports. Barclays started coverage on Arcosa in a report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price on the stock. Oppenheimer boosted their target price on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, August 19th.

About Arcosa

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.