Equities Analysts Set Expectations for Arcosa, Inc.’s Q3 2022 Earnings (NYSE:ACA)

Arcosa, Inc. (NYSE:ACAGet Rating) – Investment analysts at Oppenheimer decreased their Q3 2022 earnings per share estimates for shares of Arcosa in a research report issued on Thursday, August 4th. Oppenheimer analyst I. Zaffino now forecasts that the company will post earnings of $0.58 per share for the quarter, down from their prior estimate of $0.59. The consensus estimate for Arcosa’s current full-year earnings is $1.83 per share.

Arcosa (NYSE:ACAGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.38. Arcosa had a return on equity of 5.56% and a net margin of 4.15%. During the same quarter in the previous year, the business posted $0.60 EPS.

Arcosa Stock Up 2.6 %

Shares of ACA opened at $60.44 on Friday. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 32.15 and a beta of 0.55. Arcosa has a 1 year low of $43.42 and a 1 year high of $60.48. The business’s 50 day simple moving average is $49.21 and its 200-day simple moving average is $51.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.08 and a quick ratio of 1.24.

Hedge Funds Weigh In On Arcosa

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Arcosa by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 5,228,933 shares of the company’s stock valued at $299,356,000 after purchasing an additional 69,247 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Arcosa by 11.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,133,334 shares of the company’s stock valued at $122,134,000 after purchasing an additional 218,698 shares during the last quarter. State Street Corp increased its position in shares of Arcosa by 2.8% during the 1st quarter. State Street Corp now owns 2,001,660 shares of the company’s stock valued at $114,595,000 after purchasing an additional 54,431 shares during the last quarter. Royce & Associates LP increased its position in shares of Arcosa by 2.7% during the 2nd quarter. Royce & Associates LP now owns 1,949,561 shares of the company’s stock valued at $90,518,000 after purchasing an additional 51,346 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Arcosa by 19.0% during the 1st quarter. Capital World Investors now owns 1,881,470 shares of the company’s stock valued at $107,714,000 after purchasing an additional 300,000 shares during the last quarter. Institutional investors own 89.41% of the company’s stock.

Insider Transactions at Arcosa

In other news, insider Kerry S. Cole sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $52.82, for a total transaction of $554,610.00. Following the sale, the insider now directly owns 23,475 shares of the company’s stock, valued at approximately $1,239,949.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.76% of the company’s stock.

Arcosa Company Profile

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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 recycled aggregates; specialty materials; and trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, as well as for infrastructure related projects.

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Earnings History and Estimates for Arcosa (NYSE:ACA)

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