News headlines about ArcBest (NASDAQ:ARCB) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ArcBest earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 44.375041639366 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
ARCB has been the subject of several research reports. Stifel Nicolaus lowered ArcBest from a “hold” rating to a “sell” rating and increased their target price for the stock from $27.00 to $32.00 in a research report on Wednesday, December 13th. Zacks Investment Research raised ArcBest from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Tuesday, October 10th. BidaskClub raised ArcBest from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Bank of America increased their target price on ArcBest from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Finally, Buckingham Research increased their target price on ArcBest from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a strong buy rating to the stock. ArcBest currently has a consensus rating of “Hold” and an average target price of $33.00.
ArcBest (NASDAQ ARCB) traded up $0.65 during trading on Friday, hitting $38.85. The company had a trading volume of 195,827 shares, compared to its average volume of 283,604. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $1,010.00, a P/E ratio of 41.77 and a beta of 1.83. ArcBest has a 52 week low of $16.95 and a 52 week high of $39.70.
ArcBest (NASDAQ:ARCB) last posted its quarterly earnings results on Friday, November 3rd. The transportation company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. The company had revenue of $744.30 million for the quarter, compared to the consensus estimate of $750.16 million. ArcBest had a return on equity of 5.34% and a net margin of 0.88%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. research analysts predict that ArcBest will post 1.28 earnings per share for the current fiscal year.
In other ArcBest news, Director Janice E. Stipp sold 3,700 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $38.09, for a total transaction of $140,933.00. Following the sale, the director now directly owns 20,200 shares in the company, valued at approximately $769,418. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Legg sold 6,153 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $37.52, for a total value of $230,860.56. Following the sale, the director now owns 36,147 shares in the company, valued at $1,356,235.44. The disclosure for this sale can be found here. Insiders sold a total of 13,853 shares of company stock worth $499,794 in the last 90 days. 0.97% of the stock is currently owned by company insiders.
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ArcBest Company Profile
ArcBest Corporation is a holding company of businesses providing integrated logistics solutions. The Company operates through three segments: Asset-Based, which consists of ABF Freight System, Inc and other subsidiaries; ArcBest, which represents the consolidation of the operations of the Premium Logistics, Transportation Management and Household Goods Moving Services segments, and FleetNet, which includes the results of operations of FleetNet America, Inc (FleetNet).
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