TheStreet Upgrades ARC Document Solutions to Hold (ARC)
ARC Document Solutions (NYSE:ARC) was upgraded by analysts at TheStreet to a “hold” rating in a research report issued to clients and investors on Thursday, Stock Ratings Network reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of ARC Document Solutions from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $5.30 price target on the stock.
ARC Document Solutions (NYSE:ARC) traded down 0.16% during mid-day trading on Thursday, hitting $6.25. 93,071 shares of the company’s stock traded hands. ARC Document Solutions has a one year low of $2.12 and a one year high of $5.24. The stock has a 50-day moving average of $5.15 and a 200-day moving average of $4.37. The company’s market cap is $289.5 million.
ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. 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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