ArcBest (NASDAQ:ARCB – Get Free Report) announced its quarterly earnings data on Tuesday. The transportation company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.19), Yahoo Finance reports. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. ArcBest had a return on equity of 15.27% and a net margin of 2.80%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 earnings per share.
ArcBest Stock Down 2.3 %
Shares of NASDAQ:ARCB opened at $108.36 on Thursday. The business has a fifty day simple moving average of $138.58 and a 200 day simple moving average of $125.60. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.55 billion, a P/E ratio of 21.80, a P/E/G ratio of 0.48 and a beta of 1.56. ArcBest has a 12-month low of $82.18 and a 12-month high of $153.60.
ArcBest Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. ArcBest’s payout ratio is 9.66%.
Insider Activity at ArcBest
Analysts Set New Price Targets
A number of analysts have recently weighed in on ARCB shares. UBS Group cut their price target on shares of ArcBest from $150.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday. The Goldman Sachs Group lifted their price target on ArcBest from $133.00 to $149.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on ArcBest in a report on Monday, January 29th. They set a “buy” rating and a $148.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on ArcBest from $164.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus boosted their target price on ArcBest from $153.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, ArcBest has an average rating of “Moderate Buy” and a consensus target price of $143.38.
Check Out Our Latest Report on ArcBest
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.
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