Arcosa Inc (NYSE:ACA) – Analysts at Gabelli dropped their FY2021 earnings per share estimates for shares of Arcosa in a research note issued to investors on Tuesday, March 19th. Gabelli analyst J. Bergner now anticipates that the company will earn $2.55 per share for the year, down from their prior estimate of $2.70. Gabelli also issued estimates for Arcosa’s FY2022 earnings at $2.75 EPS.
Arcosa (NYSE:ACA) last announced its earnings results on Wednesday, February 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.12. The business had revenue of $374.40 million for the quarter, compared to analysts’ expectations of $358.55 million. The business’s revenue was up 7.7% compared to the same quarter last year.
Shares of NYSE:ACA opened at $29.96 on Wednesday. Arcosa has a 1 year low of $21.00 and a 1 year high of $35.15. The company has a market cap of $1.53 billion and a price-to-earnings ratio of 16.46. The company has a quick ratio of 1.77, a current ratio of 2.85 and a debt-to-equity ratio of 0.11.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp purchased a new stake in shares of Arcosa in the fourth quarter valued at approximately $246,000. Geode Capital Management LLC purchased a new stake in shares of Arcosa in the fourth quarter valued at approximately $12,784,000. Norges Bank purchased a new stake in shares of Arcosa in the fourth quarter valued at approximately $19,298,000. FMR LLC purchased a new stake in shares of Arcosa in the fourth quarter valued at approximately $30,479,000. Finally, Amalgamated Bank purchased a new stake in shares of Arcosa in the fourth quarter valued at approximately $263,000. Hedge funds and other institutional investors own 80.47% of the company’s stock.
In related news, major shareholder Valueact Capital Master Fund, sold 1,395,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $33.02, for a total value of $46,062,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a $0.05 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. Arcosa’s payout ratio is 10.99%.
Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
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