Q3 2024 EPS Estimates for ARC Document Solutions, Inc. (NYSE:ARC) Reduced by Analyst

ARC Document Solutions, Inc. (NYSE:ARC) – Equities researchers at Sidoti Csr decreased their Q3 2024 earnings estimates for ARC Document Solutions in a research report issued to clients and investors on Wednesday, May 8th. Sidoti Csr analyst G. Burns now forecasts that the business services provider will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.07. The consensus estimate for ARC Document Solutions’ current full-year earnings is $0.26 per share. Sidoti Csr also issued estimates for ARC Document Solutions’ FY2024 earnings at $0.24 EPS, Q2 2025 earnings at $0.08 EPS and FY2025 earnings at $0.31 EPS.

ARC Document Solutions (NYSE:ARC) last issued its earnings results on Wednesday, February 28th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). ARC Document Solutions had a return on equity of 7.49% and a net margin of 2.93%. The company had revenue of $68.88 million during the quarter, compared to analysts’ expectations of $68.30 million.

Separately, TheStreet downgraded ARC Document Solutions from a “b-” rating to a “c” rating in a report on Thursday, February 29th.

ARC Document Solutions Price Performance

NYSE ARC opened at $2.75 on Thursday. The stock has a market capitalization of $118.71 million, a price-to-earnings ratio of 15.28, a PEG ratio of 0.86 and a beta of 1.21. ARC Document Solutions has a 1-year low of $2.56 and a 1-year high of $3.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 1.40. The business’s fifty day moving average price is $2.67 and its 200-day moving average price is $2.83.

Institutional Trading of ARC Document Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stratos Wealth Advisors LLC bought a new stake in shares of ARC Document Solutions during the 4th quarter valued at $33,000. Redhawk Wealth Advisors Inc. purchased a new position in ARC Document Solutions during the fourth quarter valued at $41,000. Jump Financial LLC bought a new stake in ARC Document Solutions during the third quarter valued at about $54,000. Barclays PLC purchased a new stake in ARC Document Solutions in the third quarter worth about $55,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of ARC Document Solutions in the third quarter worth about $78,000. 48.93% of the stock is owned by hedge funds and other institutional investors.

ARC Document Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, July 31st will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, July 30th. This represents a $0.20 annualized dividend and a yield of 7.27%. ARC Document Solutions’s dividend payout ratio (DPR) is 111.11%.

ARC Document Solutions Company Profile

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.