ArcBest (ARCB) Expected to Announce Quarterly Earnings on Friday

ArcBest (NASDAQ:ARCB) will likely be issuing its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $1.11 per share and revenue of $994.99 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

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

ArcBest Trading Down 2.7 %

Shares of NASDAQ ARCB opened at $95.63 on Thursday. ArcBest has a 1-year low of $91.01 and a 1-year high of $153.60. The stock has a market capitalization of $2.24 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average price of $101.88 and a 200 day moving average price of $106.11.

ArcBest Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. ArcBest’s payout ratio is 5.93%.

Insider Transactions at ArcBest

In other news, SVP Michael E. Newcity sold 10,443 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 5,051 shares in the company, valued at approximately $609,150.60. This represents a 67.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Craig E. Philip sold 3,900 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 23,250 shares in the company, valued at $2,555,407.50. The trade was a 14.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. The Goldman Sachs Group dropped their target price on ArcBest from $133.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Wolfe Research cut shares of ArcBest from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price target on shares of ArcBest from $130.00 to $117.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. StockNews.com raised ArcBest from a “hold” rating to a “buy” rating in a research report on Thursday, October 3rd. Finally, Citigroup boosted their price objective on ArcBest from $110.00 to $127.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $122.91.

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.