ArcBest (ARCB) Set to Announce Earnings on Friday

ArcBest (NASDAQ:ARCB) will be announcing its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $1.59 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

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

ArcBest Price Performance

NASDAQ:ARCB opened at $137.00 on Thursday. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 0.60 and a beta of 1.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a fifty day moving average of $140.41 and a 200 day moving average of $124.81. ArcBest has a 52-week low of $82.18 and a 52-week high of $153.60.

ArcBest Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ARCB shares. Stephens increased their price target on shares of ArcBest from $165.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. StockNews.com raised ArcBest from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. The Goldman Sachs Group lifted their price target on ArcBest from $133.00 to $149.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. UBS Group increased their price objective on ArcBest from $119.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Finally, Stifel Nicolaus increased their target price on shares of ArcBest from $153.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ArcBest presently has an average rating of “Moderate Buy” and an average target price of $151.54.

Insider Buying and Selling

In other news, insider Erin K. Gattis sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $141.58, for a total value of $283,160.00. Following the completion of the transaction, the insider now owns 32,247 shares in the company, valued at approximately $4,565,530.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.18% of the stock is currently owned by insiders.

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.