Arbitron Inc. Sets New 1-Year High at $47.92 (ARB)
Arbitron (NYSE:ARB)’s share price reached a new 52-week high during trading hours on Thursday, Analyst Ratings Network.com reports. The company traded as high as $47.92 and last traded at $47.72, with a volume of 997,504 shares traded. The stock had previously closed at $47.48.
A number of research firms have recently commented on ARB. Analysts at Thomson Reuters/Verus upgraded shares of Arbitron (NYSE:ARB) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 15th. Separately, analysts at Zacks upgraded shares of Arbitron (NYSE:ARB) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. They now have a $47.30 price target on the stock. Finally, analysts at Ned Davis Research downgraded shares of Arbitron (NYSE:ARB) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, July 8th.
Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Arbitron has a consensus rating of “Hold” and a consensus price target of $44.83.
Arbitron has a one year low of $34.64 and a one year high of $47.65. The stock’s 50-day moving average is $46.69 and its 200-day moving average is $46.6. The company has a market cap of $1.286 billion and a P/E ratio of 24.50.
Arbitron (NYSE:ARB) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.47 by $0.04. The company had revenue of $630.70 million for the quarter, compared to the consensus estimate of $108.93 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Arbitron will post $2.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, September 12th.
Arbitron Inc (NYSE:ARB) is a media and marketing information services firm primarily serving radio, advertisers, advertising agencies, cables and broadcast television, retailers, out-of-home media, online media, mobile media, telecommunications providers, and print media.
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