ArcBest Corporation (ARCB) Scheduled to Post Quarterly Earnings on Friday
ArcBest Corporation (NASDAQ:ARCB) will issue its quarterly earnings data before the market opens on Friday, November 3rd. Analysts expect the company to announce earnings of $0.61 per share for the quarter.
ArcBest Corporation (NASDAQ:ARCB) last announced its quarterly earnings data on Friday, July 28th. The transportation company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $720.40 million during the quarter, compared to analysts’ expectations of $721.11 million. ArcBest Corporation had a net margin of 0.83% and a return on equity of 4.92%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, analysts expect ArcBest Corporation to post $1.30 EPS for the current fiscal year and $1.79 EPS for the next fiscal year.
ArcBest Corporation (NASDAQ ARCB) opened at 32.90 on Friday. ArcBest Corporation has a one year low of $16.95 and a one year high of $34.25. The firm has a market cap of $845.73 million, a PE ratio of 38.03 and a beta of 1.78. The company has a 50 day moving average of $31.23 and a 200-day moving average of $25.00.
In other ArcBest Corporation news, VP Michael R. Johns sold 6,593 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $29.98, for a total value of $197,658.14. Following the completion of the sale, the vice president now owns 35,700 shares of the company’s stock, valued at $1,070,286. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel E. Loe sold 9,929 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $25.87, for a total transaction of $256,863.23. Following the completion of the sale, the insider now directly owns 33,600 shares of the company’s stock, valued at approximately $869,232. The disclosure for this sale can be found here. Insiders sold 24,210 shares of company stock valued at $665,376 in the last ninety days. 0.97% of the stock is owned by corporate insiders.
About ArcBest Corporation
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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