Is there more to Arcosa shares?
Arcosa, Inc. (NYSE: ACA) is a provider of infrastructure-related products and solutions with brands serving the construction, engineering and transportation markets. The company serves a wide range of infrastructure-related markets such as the replacement and growth of aging transportation infrastructures, the continued shift to renewable energy generation, and the expansion of new transmission, distribution and telecommunications infrastructures. This morning ACA is trading flat at $ 61.58.
On April 19, Arcosa published its official Sustainability Report 2020. In this report, ACA highlighted, among other things, a reduction in the TRIR (Total Recordable Incident Rate) by 56%, a reduction in the intensity of greenhouse gas emissions by 12% and a reduction in municipal water intensity by 16% emerge.
Arcosa recently announced that it would announce its first quarter earnings on Thursday April 29th. In its most recent earnings history, ACA has outperformed Wall Street estimates in three of its last four quarterly reports. For the first quarter of 2020, Arcosa beat analysts’ estimates with a margin of $ 0.20 and reported earnings per share (EPS) of $ 0.71. For the second quarter of 2020, ACA earnings per share rose to $ 0.73, beating expectations by $ 0.13. For the third quarter of 2020, Arcosa saw earnings decline to $ 0.68 per share, but beat estimates with a margin of $ 0.03. In its last quarterly report, Arcosa had earnings per share of $ 0.33 and fell short of expectations with a margin of $ 0.08.
Analysts are pessimistic on the way to the present day. Of the five brokers in cover, three have a “hold” recommendation. In simpler terms, should those bearish bets settle, there could be a round of upgrades in the future of ACA.
ACA share price is up 54% over the past 12 months and has doubled since hitting its May low of $ 31.03. Arcosa stock is up about 12% since the start of the year, but Arcosa stock is trading 11% from its 52-week high of $ 68.46. The supportive 80-day moving average helped the long-term rise in stocks. ACA also offers a forward dividend of $ 0.20, which translates to a dividend yield of 0.31%.