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.
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.
Recommended Story: What is Put Option Volume?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: The risks of owning bonds7 Stocks to Watch When Student Debt Forgiveness Gets Passed
Now that the Biden administration is fully in charge, student debt forgiveness has moved to the front burner. Consider these numbers. There is an estimated $1.7 trillion in student debt. The average student carries approximately $30,000 in student loans.
If $10,000 of student debt were to be canceled, there are estimates that one-third of borrowers (between 15 million to 16.3 million) would become debt-free. Of course, if the number hits $50,000 as some lawmakers are suggesting the impact would even greater.
Putting aside personal thoughts on the wisdom of pursuing this path, it has the potential to unleash a substantial stimulus into the economy.
And as an investor, it’s fair to ask where that money would go. After all, there’s no harm in having investors profit from this stimulus as well.
A counter-argument is that the absence of one monthly payment may not provide enough money to make an impact. However, Senator Elizabeth Warren referred to the effect student loans have in preventing many in the millennial and Gen-Z generations from pursuing big picture life goals such as buying a house, starting a business, or starting a family.
With that in mind, we’ve put together this special presentation that looks at 7 stocks that are likely to benefit if borrowers are set free from the burden of student loans.
View the "7 Stocks to Watch When Student Debt Forgiveness Gets Passed"