ArcBest Corp (NASDAQ:ARCB) – Analysts at Seaport Global Securities upped their Q1 2018 EPS estimates for shares of ArcBest in a research note issued to investors on Monday, March 12th, Zacks Investment Research reports. Seaport Global Securities analyst W. Milby now anticipates that the transportation company will post earnings per share of ($0.08) for the quarter, up from their prior forecast of ($0.09). Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for ArcBest’s Q1 2019 earnings at ($0.06) EPS.
Several other analysts have also recently issued reports on ARCB. BidaskClub upgraded shares of ArcBest from a “sell” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus upgraded shares of ArcBest from a “sell” rating to a “hold” rating and lowered their target price for the stock from $35.00 to $32.00 in a research note on Monday, April 2nd. Zacks Investment Research upgraded shares of ArcBest from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research note on Tuesday. ValuEngine upgraded shares of ArcBest from a “hold” rating to a “buy” rating in a research note on Saturday, March 10th. Finally, Cowen reiterated a “market perform” rating and issued a $39.00 target price (up from $33.00) on shares of ArcBest in a research note on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $34.50.
NASDAQ ARCB traded down $1.80 on Thursday, hitting $31.95. The stock had a trading volume of 241,501 shares, compared to its average volume of 262,443. ArcBest has a 52-week low of $16.95 and a 52-week high of $39.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $865.40, a PE ratio of 24.02 and a beta of 1.76.
ArcBest (NASDAQ:ARCB) last announced its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.07. The company had revenue of $710.72 million for the quarter, compared to analysts’ expectations of $723.69 million. ArcBest had a net margin of 2.11% and a return on equity of 5.82%. ArcBest’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS.
Large investors have recently modified their holdings of the company. Elkfork Partners LLC acquired a new position in shares of ArcBest during the fourth quarter worth about $113,000. ETRADE Capital Management LLC acquired a new position in ArcBest during the fourth quarter worth $210,000. PEAK6 Investments L.P. acquired a new position in ArcBest during the fourth quarter worth $231,000. Stone Ridge Asset Management LLC acquired a new position in ArcBest during the fourth quarter worth $243,000. Finally, Koch Industries Inc. acquired a new position in ArcBest during the fourth quarter worth $276,000. 88.61% of the stock is currently owned by hedge funds and other institutional investors.
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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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