Headlines about ArcBest (NASDAQ:ARCB) have been trending positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ArcBest earned a news impact score of 0.27 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 46.5836007239114 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms recently commented on ARCB. Citigroup upped their target price on shares of ArcBest from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Cowen restated a “market perform” rating and issued a $33.00 price objective (up previously from $29.00) on shares of ArcBest in a research note on Monday, November 6th. ValuEngine lowered shares of ArcBest from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Seaport Global Securities reaffirmed a “neutral” rating on shares of ArcBest in a report on Tuesday, January 16th. Finally, Zacks Investment Research raised shares of ArcBest from a “hold” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.63.
Shares of ArcBest (NASDAQ:ARCB) traded up $0.50 during trading hours on Friday, hitting $33.45. 262,761 shares of the company were exchanged, compared to its average volume of 365,214. The firm has a market cap of $844.73, a P/E ratio of 14.93 and a beta of 1.71. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 0.32. ArcBest has a 1-year low of $16.95 and a 1-year high of $39.70.
ArcBest (NASDAQ:ARCB) last announced its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The business had revenue of $710.72 million for the quarter, compared to the consensus estimate of $723.69 million. ArcBest had a net margin of 2.11% and a return on equity of 5.82%. ArcBest’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. equities analysts anticipate that ArcBest will post 2.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 9th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.32 annualized dividend and a yield of 0.96%. ArcBest’s dividend payout ratio (DPR) is currently 14.29%.
In other news, Director William Legg sold 6,153 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $37.52, for a total transaction of $230,860.56. Following the completion of the transaction, the director now directly owns 36,147 shares of the company’s stock, valued at approximately $1,356,235.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janice E. Stipp sold 3,700 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $38.09, for a total transaction of $140,933.00. Following the completion of the transaction, the director now directly owns 20,200 shares of the company’s stock, valued at $769,418. The disclosure for this sale can be found here. Company insiders own 0.97% of the company’s stock.
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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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