ArcBest (ARCB) to Release Earnings on Friday

ArcBest (NASDAQ:ARCB) is scheduled to announce its earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $2.05 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

ArcBest (NASDAQ:ARCB) last announced its quarterly earnings results on Friday, August 2nd. The transportation company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.03 by ($0.05). ArcBest had a net margin of 2.96% and a return on equity of 15.98%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business earned $1.54 EPS. ArcBest’s revenue was down 2.4% on a year-over-year basis. On average, analysts expect ArcBest to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.

ArcBest Price Performance

Shares of NASDAQ ARCB opened at $101.60 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average of $105.20 and a 200 day moving average of $112.34. ArcBest has a twelve month low of $86.93 and a twelve month high of $153.60. The firm has a market cap of $2.38 billion, a P/E ratio of 20.44, a PEG ratio of 1.28 and a beta of 1.46.

ArcBest Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Tuesday, August 13th. ArcBest’s dividend payout ratio (DPR) is presently 9.66%.

Insider Transactions at ArcBest

In related news, Director Salvatore A. Abbate purchased 1,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $103.93 per share, with a total value of $103,930.00. Following the completion of the purchase, the director now owns 3,650 shares of the company’s stock, valued at approximately $379,344.50. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.65% of the company’s stock.

Analyst Upgrades and Downgrades

ARCB has been the subject of a number of recent research reports. Jefferies Financial Group cut their price target on ArcBest from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. TD Cowen cut shares of ArcBest from a “buy” rating to a “hold” rating and dropped their price target for the stock from $131.00 to $114.00 in a research note on Monday, October 14th. Stifel Nicolaus decreased their target price on shares of ArcBest from $131.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday. Wells Fargo & Company lowered shares of ArcBest from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $122.00 to $112.00 in a research report on Wednesday, September 4th. Finally, StockNews.com raised shares of ArcBest from a “hold” rating to a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, ArcBest presently has a consensus rating of “Hold” and a consensus target price of $126.92.

ArcBest Company Profile

ArcBest Corporation, an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products.