News coverage about ARC Document Solutions (NYSE:ARC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ARC Document Solutions earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 44.7721778243277 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of ARC Document Solutions (ARC) opened at $2.60 on Friday. ARC Document Solutions has a twelve month low of $2.30 and a twelve month high of $5.38. The stock has a market cap of $120.79, a price-to-earnings ratio of -18.57 and a beta of 2.30. The company has a current ratio of 1.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85.
ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). ARC Document Solutions had a positive return on equity of 5.35% and a negative net margin of 1.70%. The firm had revenue of $96.50 million for the quarter, compared to analysts’ expectations of $98.24 million. During the same period last year, the company posted $0.07 earnings per share. The business’s quarterly revenue was down 3.9% on a year-over-year basis. analysts anticipate that ARC Document Solutions will post 0.13 EPS for the current fiscal year.
A number of analysts recently issued reports on ARC shares. Zacks Investment Research downgraded shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. TheStreet downgraded shares of ARC Document Solutions from a “c-” rating to a “d+” rating in a report on Friday, November 17th. FBR & Co downgraded shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and increased their price target for the stock from $4.00 to $5.25 in a report on Thursday, November 2nd. B. Riley downgraded shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $5.25 to $4.00 in a report on Thursday, November 2nd. Finally, ValuEngine downgraded shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. ARC Document Solutions currently has an average rating of “Hold” and a consensus target price of $4.63.
In other ARC Document Solutions news, Director Mark W. Mealy sold 22,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $2.71, for a total transaction of $59,620.00. Following the completion of the transaction, the director now directly owns 116,538 shares in the company, valued at $315,817.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 3,766 shares of company stock worth $8,802 over the last three months. 14.93% of the stock is currently owned by insiders.
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About ARC Document Solutions
ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.
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