Arc Logistic Partners LP (ARCX) Set to Announce Earnings on Wednesday
Arc Logistic Partners LP (NYSE:ARCX) is scheduled to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Arc Logistic Partners to post earnings of $0.21 per share for the quarter.
Arc Logistic Partners (NYSE:ARCX) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $26.59 million for the quarter, compared to the consensus estimate of $26.71 million. On average, analysts expect Arc Logistic Partners to post $0.68 EPS for the current fiscal year and $0.9 EPS for the next fiscal year.
Arc Logistic Partners LP (ARCX) opened at 16.67 on Wednesday. The company has a market cap of $325.82 million, a PE ratio of 27.42 and a beta of 0.81. The company’s 50-day moving average price is $16.66 and its 200-day moving average price is $15.27. Arc Logistic Partners LP has a 12-month low of $12.86 and a 12-month high of $17.40.
A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Arc Logistic Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised shares of Arc Logistic Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $16.50 price objective on shares of Arc Logistic Partners in a research report on Friday, October 6th. Finally, SunTrust Banks, Inc. downgraded shares of Arc Logistic Partners from a “buy” rating to a “hold” rating and upped their price objective for the stock from $15.00 to $16.50 in a research report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Arc Logistic Partners presently has an average rating of “Hold” and an average price target of $18.33.
About Arc Logistic Partners
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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