ArcBest (ARCB) Expected to Announce Quarterly Earnings on Friday

ArcBest (NASDAQ:ARCB) is anticipated to announce its earnings results 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. Investors that wish to listen to the company’s conference call can do so using this link.

ArcBest (NASDAQ:ARCB) last issued its quarterly earnings results on Friday, November 1st. The transportation company reported $1.64 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $1.07 billion. During the same period last year, the company posted $2.31 EPS. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, analysts expect ArcBest to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ArcBest Stock Performance

Shares of ARCB stock opened at $98.31 on Wednesday. ArcBest has a one year low of $91.01 and a one year high of $153.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50 day moving average price of $102.10 and a 200 day moving average price of $106.19. The firm 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.

ArcBest Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on ARCB shares. Stifel Nicolaus upped 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 downgraded shares of ArcBest from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 9th. Wells Fargo & Company cut their target price on shares of ArcBest from $115.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on shares of ArcBest from $130.00 to $117.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Citigroup raised their target price on shares of ArcBest from $110.00 to $127.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $125.00.

Insider Activity at ArcBest

In other ArcBest news, Director Craig E. Philip sold 3,900 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $2,555,407.50. This trade represents a 14.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael E. Newcity sold 10,443 shares of the firm’s 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 transaction, the senior vice president now directly owns 5,051 shares of the company’s stock, valued at approximately $609,150.60. This represents a 67.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.

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.