ArcBest (ARCB) to Release Earnings on Tuesday

ArcBest (NASDAQ:ARCB) will release its earnings data before the market opens on Tuesday, April 30th. Analysts expect ArcBest to post earnings of $1.59 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

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

ArcBest Stock Up 1.1 %

ArcBest stock opened at $139.53 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 0.59 and a beta of 1.49. ArcBest has a 1-year low of $82.18 and a 1-year high of $153.60. The business has a fifty day moving average price of $140.48 and a 200-day moving average price of $124.09.

ArcBest Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.34%. ArcBest’s payout ratio is 6.07%.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ARCB. StockNews.com upgraded ArcBest from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. reduced their target price on ArcBest from $168.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Bank of America raised their target price on ArcBest from $141.00 to $143.00 and gave the stock an “underperform” rating in a research note on Monday, April 15th. Stifel Nicolaus raised 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. Finally, Morgan Stanley raised their target price on ArcBest from $155.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.54.

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.