ArcBest (ARCB) to Release Earnings on Tuesday

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

ArcBest (NASDAQ:ARCB) last posted its quarterly earnings results on Tuesday, February 6th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.25. ArcBest had a net margin of 4.41% and a return on equity of 15.91%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm earned $2.45 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. 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

ARCB stock opened at $139.53 on Tuesday. The firm has a 50 day moving average of $140.48 and a 200-day moving average of $124.09. ArcBest has a 12-month low of $82.18 and a 12-month high of $153.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.13. The company has a market cap 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 Announces Dividend

The business 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 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%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of ArcBest from $168.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. UBS Group lifted their price objective on ArcBest from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Stephens lifted their price objective on ArcBest from $165.00 to $205.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Stifel Nicolaus lifted their price objective on ArcBest from $153.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, StockNews.com upgraded ArcBest from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.54.

Insiders Place Their Bets

In other ArcBest news, insider Erin K. Gattis sold 2,000 shares of ArcBest stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $141.58, for a total value of $283,160.00. Following the completion of the sale, the insider now directly owns 32,247 shares of the company’s stock, valued at approximately $4,565,530.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.18% of the stock is owned by corporate 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.