ARC Document Solutions Stock Rating Lowered by Zacks (ARC)
ARC Document Solutions (NYSE:ARC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Stock Ratings Network reports. They currently have a $5.30 price target on the stock. Zacks‘ target price would suggest a potential upside of 5.37% from the company’s current price.
Shares of ARC Document Solutions (NYSE:ARC) traded down 0.98% on Tuesday, hitting $5.03. The stock had a trading volume of 213,257 shares. ARC Document Solutions has a 1-year low of $2.12 and a 1-year high of $5.24. The stock’s 50-day moving average is $4.7 and its 200-day moving average is $4.0. The company’s market cap is $233.0 million.
ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.01. The company had revenue of $104.60 million for the quarter, compared to the consensus estimate of $104.39 million. During the same quarter last year, the company posted $0.02 earnings per share. ARC Document Solutions’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that ARC Document Solutions will post $0.08 earnings per share for the current fiscal year.
ARC Document Solutions, Inc, formerly American Reprographics Company, provides specialized document solutions to businesses of all types, with a focus on the non-residential segment of the architecture, engineering and construction (NYSE:ARC) industry.
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