Sidoti Csr Research Analysts Cut Earnings Estimates for ARC

ARC Document Solutions, Inc. (NYSE:ARC) – Sidoti Csr lowered their FY2024 earnings per share (EPS) estimates for ARC Document Solutions in a research report issued on Monday, November 4th. Sidoti Csr analyst G. Burns now expects that the business services provider will earn $0.15 per share for the year, down from their previous forecast of $0.25. The consensus estimate for ARC Document Solutions’ current full-year earnings is $0.23 per share. Sidoti Csr also issued estimates for ARC Document Solutions’ Q2 2025 earnings at $0.06 EPS and FY2025 earnings at $0.17 EPS.

ARC Document Solutions (NYSE:ARC) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $75.11 million during the quarter, compared to analysts’ expectations of $72.60 million. ARC Document Solutions had a net margin of 1.61% and a return on equity of 5.28%.

Other analysts also recently issued reports about the stock. Singular Research raised shares of ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st. StockNews.com began coverage on ARC Document Solutions in a research report on Saturday, November 2nd. They set a “strong-buy” rating on the stock.

ARC Document Solutions Price Performance

ARC stock opened at $3.38 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 1.41. The firm has a market capitalization of $146.00 million, a P/E ratio of 30.68, a P/E/G ratio of 1.20 and a beta of 1.13. ARC Document Solutions has a 52-week low of $2.56 and a 52-week high of $3.44. The company’s 50 day simple moving average is $3.38 and its 200-day simple moving average is $3.03.

Hedge Funds Weigh In On ARC Document Solutions

Hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp lifted its stake in ARC Document Solutions by 15.1% in the second quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 4,519 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of ARC Document Solutions by 9.7% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 79,784 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 7,032 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in ARC Document Solutions by 16.3% in the second quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock worth $147,000 after purchasing an additional 7,805 shares in the last quarter. Empowered Funds LLC boosted its holdings in ARC Document Solutions by 5.4% in the third quarter. Empowered Funds LLC now owns 255,092 shares of the business services provider’s stock worth $862,000 after purchasing an additional 12,998 shares in the last quarter. Finally, Heron Bay Capital Management increased its position in ARC Document Solutions by 29.6% during the first quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock worth $168,000 after buying an additional 13,837 shares during the last quarter. 48.93% of the stock is owned by institutional investors and hedge funds.

About ARC Document Solutions

ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.