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Oppenheimer Comments on Arcosa, Inc.'s Q2 2021 Earnings (NYSE:ACA)

Last updated on Friday, May 7, 2021 | 2021 MarketBeat

Arcosa, Inc. (NYSE:ACA) - Stock analysts at Oppenheimer dropped their Q2 2021 earnings per share estimates for Arcosa in a research report issued on Wednesday, May 5th. Oppenheimer analyst I. Zaffino now anticipates that the company will post earnings per share of $0.56 for the quarter, down from their previous forecast of $0.60. Oppenheimer has a "Outperform" rating and a $75.00 price target on the stock. Oppenheimer also issued estimates for Arcosa's Q3 2021 earnings at $0.61 EPS, Q4 2021 earnings at $0.45 EPS, FY2021 earnings at $1.97 EPS and FY2022 earnings at $2.56 EPS. Arcosa (NYSE:ACA) last released its earnings results on Thursday, April 29th. The company reported $0.35 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.14. Arcosa had a net margin of 6.09% and a return on equity of 6.77%.

A number of other research analysts have also recently commented on ACA. G.Research raised Arcosa from a "hold" rating to a "buy" rating in a research report on Monday. Zacks Investment Research raised shares of Arcosa from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 27th. Gabelli upgraded shares of Arcosa from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Sidoti lowered shares of Arcosa from a "buy" rating to a "neutral" rating and boosted their price target for the company from $64.00 to $67.00 in a research report on Monday, February 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Arcosa presently has an average rating of "Buy" and a consensus target price of $62.75.

NYSE:ACA opened at $65.18 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.37 and a quick ratio of 1.44. The business has a fifty day simple moving average of $63.03 and a two-hundred day simple moving average of $58.28. Arcosa has a 1 year low of $31.03 and a 1 year high of $68.46. The company has a market capitalization of $3.14 billion, a P/E ratio of 27.05, a P/E/G ratio of 5.38 and a beta of 0.42.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 30th. Stockholders of record on Thursday, July 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, July 14th. Arcosa's dividend payout ratio is presently 8.51%.

Several institutional investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC purchased a new position in Arcosa during the fourth quarter valued at approximately $26,000. Total Clarity Wealth Management Inc. purchased a new position in shares of Arcosa during the 1st quarter valued at $42,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Arcosa in the fourth quarter worth $80,000. Veriti Management LLC bought a new position in shares of Arcosa in the fourth quarter worth $89,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Arcosa in the fourth quarter worth $108,000. 85.76% of the stock is currently owned by hedge funds and other institutional investors.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and lightweight aggregates; specialty materials, including lightweight aggregates and plaster; trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, and underground construction markets, as well as for infrastructure, including road, bridge, and other public products markets.

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Earnings History and Estimates for Arcosa (NYSE:ACA)

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