Wall Street brokerages expect Arc Logistic Partners LP (NYSE:ARCX) to report $26.89 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Arc Logistic Partners’ earnings, with estimates ranging from $26.82 million to $27.00 million. Arc Logistic Partners posted sales of $26.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Arc Logistic Partners will report full year sales of $26.89 million for the current fiscal year, with estimates ranging from $106.18 million to $107.00 million. For the next financial year, analysts forecast that the company will post sales of $111.73 million per share, with estimates ranging from $110.00 million to $113.11 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Arc Logistic Partners.

Several research firms have recently commented on ARCX. Stifel Nicolaus reiterated a “hold” rating and set a $16.50 target price on shares of Arc Logistic Partners in a research note on Friday, October 6th. BidaskClub cut Arc Logistic Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded Arc Logistic Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, SunTrust Banks, Inc. cut Arc Logistic Partners from a “buy” rating to a “hold” rating and increased their target price for the company from $15.00 to $16.50 in a research note on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Arc Logistic Partners currently has an average rating of “Hold” and a consensus target price of $16.50.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in Arc Logistic Partners by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 908,661 shares of the pipeline company’s stock worth $12,949,000 after purchasing an additional 221,662 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Arc Logistic Partners in the third quarter valued at $1,022,000. State of New Jersey Common Pension Fund D bought a new stake in Arc Logistic Partners in the third quarter valued at $3,024,000. Mizuho Securities USA LLC bought a new stake in Arc Logistic Partners in the third quarter valued at $2,429,000. Finally, Renaissance Technologies LLC lifted its stake in Arc Logistic Partners by 289.9% in the first quarter. Renaissance Technologies LLC now owns 104,441 shares of the pipeline company’s stock valued at $1,488,000 after buying an additional 77,656 shares during the last quarter. Hedge funds and other institutional investors own 42.93% of the company’s stock.

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Shares of Arc Logistic Partners (ARCX) opened at $16.36 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.96 and a quick ratio of 0.94. Arc Logistic Partners has a 1 year low of $13.51 and a 1 year high of $17.40. The stock has a market cap of $319.88, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 13.27 and a beta of 0.80.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend is Tuesday, November 7th. Arc Logistic Partners’s dividend payout ratio (DPR) is presently 359.18%.

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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