ArcBest (ARCB) to Release Earnings on Friday

ArcBest (NASDAQ:ARCB) is scheduled to release its earnings data before the market opens on Friday, April 26th. Analysts expect ArcBest to post earnings of $1.59 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

ArcBest (NASDAQ:ARCB) last announced its quarterly earnings results on Tuesday, February 6th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.25. ArcBest had a return on equity of 15.91% and a net margin of 4.41%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company earned $2.45 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, analysts expect ArcBest to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

ArcBest Stock Down 6.1 %

Shares of ArcBest stock opened at $137.00 on Thursday. ArcBest has a 1 year low of $82.18 and a 1 year high of $153.60. The business has a 50-day moving average of $140.41 and a two-hundred day moving average of $124.81. The company has a market capitalization of $3.22 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 0.60 and a beta of 1.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.26 and a quick ratio of 1.26.

ArcBest Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.35%. ArcBest’s dividend payout ratio (DPR) is currently 6.07%.

Insider Activity at ArcBest

In related news, insider Erin K. Gattis sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $141.58, for a total transaction of $283,160.00. Following the completion of the transaction, the insider now directly owns 32,247 shares of the company’s stock, valued at $4,565,530.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ARCB. UBS Group increased their price target on ArcBest from $119.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. StockNews.com raised ArcBest from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. reduced their price objective on ArcBest from $168.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Morgan Stanley upped their price objective on ArcBest from $155.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Finally, The Goldman Sachs Group upped their price objective on ArcBest from $133.00 to $149.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.54.

About ArcBest

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.