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

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

Arcosa has a payout ratio of 4.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

ACA stock opened at $145.54 on Thursday. The firm has a 50 day simple moving average of $145.11 and a two-hundred day simple moving average of $128.19. The stock has a market cap of $7.15 billion, a PE ratio of 14.58, a P/E/G ratio of 2.19 and a beta of 1.07. Arcosa has a one year low of $89.03 and a one year high of $146.92. 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 (NYSE:ACA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share 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 analysts’ expectations of $687.50 million. During the same quarter last year, the business posted $1.27 EPS. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. On average, analysts predict that Arcosa will post 4.16 EPS for the current fiscal year.

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.