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

Arcosa, Inc. (NYSE:ACA) announced a quarterly dividend on Wednesday, May 14th, RTT News reports. Shareholders of record on Tuesday, July 15th will be given a dividend of 0.05 per share on Thursday, July 31st. This represents a $0.20 dividend on an annualized basis and a yield of 0.23%.

Arcosa has a dividend payout ratio of 4.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Arcosa to earn $4.56 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 4.4%.

Arcosa Stock Down 1.9%

Shares of Arcosa stock opened at $88.74 on Thursday. The company has a 50-day simple moving average of $79.95 and a two-hundred day simple moving average of $92.86. The stock has a market capitalization of $4.33 billion, a PE ratio of 33.74 and a beta of 1.00. Arcosa has a 52-week low of $68.11 and a 52-week high of $113.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.20. The company had revenue of $632.00 million during the quarter, compared to the consensus estimate of $613.95 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. On average, analysts anticipate that Arcosa will post 3.23 EPS for the current fiscal year.

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.