ArcBest Corporation (NASDAQ:ARCB) Scheduled to Post Earnings on Friday
ArcBest Corporation (NASDAQ:ARCB) is scheduled to be releasing its earnings data before the market opens on Friday, July 28th. Analysts expect ArcBest Corporation to post earnings of $0.48 per share for the quarter.
ArcBest Corporation (NASDAQ:ARCB) last posted its quarterly earnings data on Friday, May 5th. The transportation company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.11. The firm had revenue of $651.10 million for the quarter, compared to analysts’ expectations of $659.29 million. ArcBest Corporation had a return on equity of 4.14% and a net margin of 0.64%. ArcBest Corporation’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) earnings per share. On average, analysts expect ArcBest Corporation to post $1.19 EPS for the current fiscal year and $1.59 EPS for the next fiscal year.
ArcBest Corporation (NASDAQ ARCB) opened at 21.80 on Friday. The stock has a market capitalization of $563.20 million, a P/E ratio of 33.13 and a beta of 1.56. The firm’s 50-day moving average is $20.65 and its 200-day moving average is $25.15. ArcBest Corporation has a 12-month low of $16.95 and a 12-month high of $33.95.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut ArcBest Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Cowen and Company increased their target price on ArcBest Corporation from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. Deutsche Bank AG cut their target price on ArcBest Corporation from $33.00 to $25.00 and set a “hold” rating on the stock in a research note on Monday, May 8th. Finally, ValuEngine cut ArcBest Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.80.
ArcBest Corporation Company Profile
ArcBest Corporation is a holding company of businesses providing integrated logistics solutions. The Company operates through three segments: Asset-Based, which consists of ABF Freight System, Inc and other subsidiaries; ArcBest, which represents the consolidation of the operations of the Premium Logistics, Transportation Management and Household Goods Moving Services segments, and FleetNet, which includes the results of operations of FleetNet America, Inc (FleetNet).
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