Sidoti Csr Has Negative Outlook for ARC FY2024 Earnings

ARC Document Solutions, Inc. (NYSE:ARC) – Sidoti Csr decreased their FY2024 earnings per share estimates for ARC Document Solutions in a report released on Monday, November 4th. Sidoti Csr analyst G. Burns now forecasts that the business services provider will post earnings of $0.15 per share for the year, down from their prior forecast of $0.25. The consensus estimate for ARC Document Solutions’ current full-year earnings is $0.23 per share. Sidoti Csr also issued estimates for ARC Document Solutions’ Q2 2025 earnings at $0.06 EPS and FY2025 earnings at $0.17 EPS.

ARC has been the topic of several other reports. StockNews.com began coverage on ARC Document Solutions in a research note on Saturday, November 2nd. They set a “strong-buy” rating on the stock. Singular Research upgraded ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st.

ARC Document Solutions Price Performance

Shares of ARC opened at $3.38 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.54. The company has a 50-day simple moving average of $3.38 and a 200-day simple moving average of $3.03. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.44. The firm has a market capitalization of $146.00 million, a P/E ratio of 30.68, a P/E/G ratio of 1.20 and a beta of 1.13.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. ARC Document Solutions had a net margin of 1.61% and a return on equity of 5.28%. The firm had revenue of $75.11 million during the quarter, compared to the consensus estimate of $72.60 million.

Institutional Investors Weigh In On ARC Document Solutions

Large investors have recently modified their holdings of the stock. Empowered Funds LLC grew its position in ARC Document Solutions by 8.2% in the first quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock valued at $622,000 after acquiring an additional 16,975 shares during the period. Redhawk Wealth Advisors Inc. grew its holdings in ARC Document Solutions by 80.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider’s stock worth $192,000 after acquiring an additional 32,487 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of ARC Document Solutions by 1.7% during the second quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after purchasing an additional 48,245 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of ARC Document Solutions by 62.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock valued at $577,000 after buying an additional 83,708 shares during the period. Finally, Heron Bay Capital Management increased its position in ARC Document Solutions by 54.2% in the second quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider’s stock worth $247,000 after purchasing an additional 32,870 shares during the period. 48.93% of the stock is currently owned by institutional investors.

About ARC Document Solutions

ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.