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Arcosa, Inc. (ACA) manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets.
It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group.
The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction. It serves concrete producers; commercial, residential, industrial, and highway contractors; manufacturers of masonry products; state and local governments; and equipment rental dealers.
The Energy Equipment Group segment provides structural wind towers for wind turbine producers; steel utility structures for electricity transmission and distribution; and pressurized and non-pressurized storage and distribution containers that store and transport various products, such as propane, anhydrous ammonia, and natural gas liquids.
The Transportation Products Group segment offers hopper barges, tank barges, fiberglass covers, hatches, castings, and winches for commercial marine transportation companies and industrial shippers; axles, circular forgings, and coupling devices for freight, tank, locomotive, and passenger rail transportation equipment, as well as for other industrial uses; and cast components for use in the industrial and mining sectors.
On October 30th, Arcosa reported 3rd Quarter September 2019 earnings of $0.68 per share on revenue of $445.0 million. The consensus earnings estimate was $0.45 per share on revenue of $469.4 million.
The company said it continues to expect 2019 revenue of $1.75 billion to $1.80 billion. The current consensus estimate is revenue of $1.78 billion for the year ending December 31, 2019. Shares have broken higher out of their bullish "cup and handle" and higher share prices are expected.
Entry Point: $40.40
Stop Loss: $38.00
Trading Range: $22.94 - $40.96
Target Price: $45.30
ACA closed at $44.65
