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

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

Arcosa has a dividend payout ratio of 4.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.0%

ACA opened at $145.54 on Thursday. Arcosa has a 12 month low of $89.03 and a 12 month high of $146.92. The company has a market cap of $7.15 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 2.19 and a beta of 1.07. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $145.11 and a 200 day moving average of $128.19.

Arcosa (NYSE:ACA) last issued its earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The business had revenue of $658.70 million for the quarter, compared to the consensus estimate of $687.50 million. Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The company’s revenue was down 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 EPS. On average, sell-side analysts expect that Arcosa will post 4.16 EPS for the current 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.