ArcBest (ARCB) to Release Earnings on Friday

ArcBest (NASDAQ:ARCB) will likely be releasing its earnings data before the market opens on Friday, January 31st. Analysts expect ArcBest to post earnings of $1.05 per share and revenue of $999,930.89 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

ArcBest (NASDAQ:ARCB) last announced its earnings results on Friday, November 1st. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.20). ArcBest had a return on equity of 14.27% and a net margin of 4.54%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted $2.31 EPS. The company’s revenue was down 5.8% compared to the same quarter last year. On average, analysts expect ArcBest to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ArcBest Trading Up 1.8 %

Shares of ARCB stock opened at $100.23 on Friday. ArcBest has a 1 year low of $91.01 and a 1 year high of $153.60. The firm’s fifty day simple moving average is $102.87 and its 200 day simple moving average is $106.49. The firm has a market capitalization of $2.35 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 1.86 and a beta of 1.53. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09.

ArcBest Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Wednesday, November 13th. ArcBest’s dividend payout ratio (DPR) is currently 5.93%.

Insider Transactions at ArcBest

In related news, Director Craig E. Philip sold 3,900 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $109.91, for a total transaction of $428,649.00. Following the completion of the sale, the director now directly owns 23,250 shares of the company’s stock, valued at $2,555,407.50. The trade was a 14.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Michael E. Newcity sold 10,443 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $120.60, for a total transaction of $1,259,425.80. Following the completion of the transaction, the senior vice president now owns 5,051 shares in the company, valued at $609,150.60. This represents a 67.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ARCB. Jefferies Financial Group lowered their price target on shares of ArcBest from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on shares of ArcBest from $130.00 to $117.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. UBS Group cut their price target on shares of ArcBest from $111.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Morgan Stanley decreased their price target on ArcBest from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, The Goldman Sachs Group reduced their target price on shares of ArcBest from $133.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One equities 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $125.00.

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.