ArcBest (ARCB) Expected to Announce Quarterly Earnings on Friday

ArcBest (NASDAQ:ARCB) is expected to release its earnings data before the market opens on Friday, January 31st. Analysts expect ArcBest to post earnings of $1.11 per share and revenue of $994.99 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

ArcBest (NASDAQ:ARCB) last released its quarterly earnings results on Friday, November 1st. The transportation company reported $1.64 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 quarter last year, the firm posted $2.31 earnings per share. The firm’s quarterly 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 Stock Down 1.9 %

ARCB stock opened at $98.31 on Wednesday. ArcBest has a 52 week low of $91.01 and a 52 week high of $153.60. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.53. The firm’s 50-day moving average is $102.10 and its two-hundred day moving average is $106.19. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.49%. ArcBest’s dividend payout ratio (DPR) is 5.93%.

Insider Activity at ArcBest

In other ArcBest news, Director Craig E. Philip sold 3,900 shares of ArcBest stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $109.91, for a total value of $428,649.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael E. Newcity sold 10,443 shares of ArcBest 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 sale, the senior vice president now owns 5,051 shares of the company’s stock, valued at $609,150.60. This trade represents a 67.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of ArcBest from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wolfe Research cut shares of ArcBest from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 9th. StockNews.com raised shares of ArcBest from a “hold” rating to a “buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group lowered their price objective 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. Finally, Morgan Stanley lowered their price objective on shares of ArcBest from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.