ArcBest (ARCB) to Release Earnings on Tuesday

ArcBest (NASDAQ:ARCB - Get Free Report) will release its earnings data before the market opens on Tuesday, April 30th. Analysts expect ArcBest to post earnings of $1.59 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

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ArcBest (NASDAQ:ARCB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The transportation company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.25. The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.09 billion. ArcBest had a return on equity of 15.91% and a net margin of 4.41%. The business's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.45 EPS. On average, analysts expect ArcBest to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

ArcBest Stock Up 1.1 %

ArcBest stock opened at $139.53 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization 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 has a 1-year low of $82.18 and a 1-year high of $153.60. The business has a fifty day moving average price of $140.48 and a 200-day moving average price of $124.09.

ArcBest Announces Dividend

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.12 dividend. 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%.

Insider Activity

In other news, insider Erin K. Gattis sold 2,000 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $141.58, for a total transaction of $283,160.00. Following the sale, the insider now directly owns 32,247 shares in the company, valued at approximately $4,565,530.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.18% of the company's stock.

Analyst Upgrades and Downgrades

• ArcBest Corporation Delivers Results

A number of brokerages recently issued reports on ARCB. StockNews.com upgraded ArcBest from a "hold" rating to a "buy" rating in a research note on Friday, January 26th. JPMorgan Chase & Co. reduced their target price on ArcBest from $168.00 to $164.00 and set an "overweight" rating for the company in a research note on Tuesday, April 9th. Bank of America raised their target price on ArcBest from $141.00 to $143.00 and gave the stock an "underperform" rating in a research note on Monday, April 15th. Stifel Nicolaus raised their target price on ArcBest from $153.00 to $159.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley raised their target price on ArcBest from $155.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $151.54.

Check Out Our Latest Stock Report on ARCB

ArcBest Company Profile

(Get Free Report)

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.

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