ARC Document Solutions (ARC) Announces Quarterly Earnings Results, Meets Expectations
ARC Document Solutions (NYSE:ARC) issued its quarterly earnings data on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02, American Banking News reports. The company had revenue of $98.40 million for the quarter, compared to the consensus estimate of $98.40 million. ARC Document Solutions updated its FY14 guidance to $0.19-0.23 EPS.
Shares of ARC Document Solutions (NYSE:ARC) traded up 1.19% during mid-day trading on Tuesday, hitting $7.65. 179,504 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 $9.35. The stock’s 50-day moving average is $7.48 and its 200-day moving average is $6.6. The company’s market cap is $354.3 million.
On the ratings front, analysts at Zacks upgraded shares of ARC Document Solutions from a “neutral” rating to an “outperform” rating in a research note on Friday, January 17th. They now have a $9.20 price target on the stock.
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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