$27.11 Million in Sales Expected for Arc Logistic Partners LP (ARCX) This Quarter
Brokerages expect that Arc Logistic Partners LP (NYSE:ARCX) will report $27.11 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Arc Logistic Partners’ earnings, with the highest sales estimate coming in at $27.60 million and the lowest estimate coming in at $26.50 million. Arc Logistic Partners reported sales of $26.67 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The business is scheduled to announce its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Arc Logistic Partners will report full year sales of $27.11 million for the current fiscal year, with estimates ranging from $104.93 million to $108.30 million. For the next financial year, analysts expect that the firm will report sales of $112.52 million per share, with estimates ranging from $110.82 million to $113.56 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Arc Logistic Partners.
Arc Logistic Partners (NYSE:ARCX) last posted its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.03. Arc Logistic Partners had a return on equity of 4.10% and a net margin of 13.28%. The firm had revenue of $26.59 million for the quarter, compared to analyst estimates of $26.71 million.
Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Arc Logistic Partners from a “hold” rating to a “sell” rating in a research note on Thursday. Stifel Nicolaus raised shares of Arc Logistic Partners from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $18.00 in a research note on Wednesday. BidaskClub downgraded shares of Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, ValuEngine downgraded shares of Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $19.00.
Several large investors have recently bought and sold shares of the company. Mariner Wealth Advisors LLC increased its stake in Arc Logistic Partners by 3.0% in the second quarter. Mariner Wealth Advisors LLC now owns 14,765 shares of the pipeline company’s stock valued at $224,000 after buying an additional 434 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Arc Logistic Partners by 3.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,600 shares of the pipeline company’s stock valued at $593,000 after buying an additional 1,300 shares during the last quarter. D.A. Davidson & CO. increased its stake in Arc Logistic Partners by 29.7% in the second quarter. D.A. Davidson & CO. now owns 9,604 shares of the pipeline company’s stock valued at $145,000 after buying an additional 2,200 shares during the last quarter. BB&T Securities LLC acquired a new stake in Arc Logistic Partners during the first quarter valued at approximately $174,000. Finally, KCG Holdings Inc. acquired a new stake in Arc Logistic Partners during the first quarter valued at approximately $464,000. 43.06% of the stock is owned by institutional investors.
Shares of Arc Logistic Partners (NYSE ARCX) traded up 1.35% during mid-day trading on Friday, hitting $14.23. 75,005 shares of the company’s stock traded hands. The company has a market cap of $277.74 million, a PE ratio of 20.56 and a beta of 0.83. Arc Logistic Partners has a 52 week low of $12.86 and a 52 week high of $17.40. The firm has a 50-day moving average of $15.14 and a 200 day moving average of $14.87.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 8th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 12.37%. The ex-dividend date of this dividend is Friday, August 4th. Arc Logistic Partners’s payout ratio is presently 247.89%.
Arc Logistic Partners Company Profile
Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. The Company is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets.
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