World news – Fiscal 2021 EPS estimates for Arcosa, Inc., bolstered by Oppenheimer (NYSE: ACA)

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Arcosa, Inc. (NYSE: ACA) March, the report released its estimates for earnings per share for the 2021 financial year for Arcosa increased. Oppenheim-based analyst I. Zaffino now predicts that the company will post annual earnings of $ 2.17 per share, compared to its previous estimate of $ 1.95. Oppenheimer has an « Outperform » rating and a price target of $ 70.00 on the stock. Oppenheimer also announced estimates of Arcosa earnings for the fourth quarter of 2021 of $ 0.59 per share and for fiscal year 2222 of $ 2.88 per share. Arcosa (NYSE: ACA) last announced its results on Tuesday, February 23rd. The company reported earnings of $ 0.33 per share for the quarter, missing the consensus estimate of $ 0.42 by ($ 0.09). Arcosa had a net margin of 6.09% and a return on equity of 6.77%.

Recently, several other research analysts also rated ACA. Sidoti downgraded Arcosa shares from a « buy » rating to a « neutral » rating and raised the price target for the company in a research note from USD 64.00 to USD 67.00 on Monday, February 22nd. CJS Securities downgraded Arcosa shares from an « Outperform » rating to a « Market Perform » rating in a research note on Tuesday, December 15th. Finally, on Monday March 1st, Zacks Investment Research downgraded Arcosa shares from a « Hold » rating to a « Strong Sell » rating in a research note. One investment analyst has given the stock a sell rating, four have given the company a hold rating, and two have given the company a buy rating. The stock currently has a consensus rating of « Hold » and an average price target of $ 58.80.

ACA shares opened at $ 57.30 on Thursday. The company has a market cap of $ 2.76 billion, a PE ratio of 23.78, a price / earnings ratio of 5.38, and a beta of 0.42. The company has a 50-day simple moving average of $ 62.12 and a 200-day simple moving average of $ 54.46. The company has a current rate of 2.37, a fast rate of 1.44, and a leverage ratio of 0.13. Arcosa has a twelve-month low of $ 31.03 and a twelve-month high of $ 68.46. (adsbygoogle = window.adsbygoogle || []). push ({});

The company recently announced a quarterly dividend that will be paid on Friday, April 30th. On Thursday, April 15th, a dividend of $ 0.05 per share will be paid to shareholders of record. The ex-dividend date of this dividend is Wednesday April 14th. This equates to a dividend of $ 0.20 on an annual basis and a yield of 0.35%. Arcosa’s payout ratio (DPR) is 8.51%.

A number of hedge funds and other institutional investors have recently bought and sold shares in the company. BlackRock Inc. increased its position in Arcosa shares by 3.8% in the fourth quarter. BlackRock Inc. now owns 7,355,229 shares in the company valued at $ 404,023,000 after purchasing an additional 268,669 shares last quarter. Royce & Associates LP increased its position in Arcosa shares by 20.1% in the third quarter. Royce & Associates LP now owns 1,603,206 shares in the company valued at $ 70,685,000 after purchasing an additional 268,280 shares last quarter. Great West Life Assurance Co. Can increased its position in Arcosa shares by 1,947.9% in the third quarter. Great West Life Assurance Co. Can now owns 1,198,511 shares in the company valued at $ 2,666,000 after purchasing an additional 1,139,987 shares last quarter. Norges Bank bought a new position in Arcosa shares in the fourth quarter valued at approximately $ 39,465,000. Finally, SummerHaven Investment Management LLC bought a new position in Arcosa shares valued at approximately $ 580,000 in the fourth quarter. Hedge funds and other institutional investors own 85.76% of the company’s shares.

Arcosa, Inc and its subsidiaries provide infrastructure-related products and solutions for the construction, energy and transportation markets in North America. The company operates in three segments: Construction Products Group, Energy Equipment Group and Transportation Products Group. The Construction Products Group segment provides natural and lightweight aggregates, trench shields, shoring products, and specialty milled or processed materials used in the building landscape, including commercial, industrial, road and bridge construction, and underground construction.

This instant message alert was through Narrative science technology and financial data generated by MarketBeat to give readers the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

So far it has been an uneven economic recovery. One area that is undoubtedly booming is the real estate market. The interesting thing, however, is that it took more than low mortgage rates to convince home buyers to take the plunge.

What it took was a pandemic. Do you think I’m kidding? Take a look at the Housing Market Index (HMI). In September, the HMI announced a preliminary rating of 83. This is an all-time high. And this is the fifth month in a row that the HMI has gone up.

Put simply, Americans have a renewed interest in spreading. For some urban dwellers, this means a flight to a place of their own. Some who own homes in more populated areas are looking for more open spaces.

Regardless of the outcome of the presidential election, the Federal Reserve has indicated that there is no rush to raise interest rates. This means that regardless of which party occupies the White House, mortgage rates should stay cheap.

There are many opportunities for investors to benefit from this real estate boom. Homebuilder stocks are a natural choice. But other companies will also benefit from the rise in home ownership.

To help you take advantage of this cutting edge sector, we have put together this special presentation.

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