Brokerages predict that ArcBest Corporation (NASDAQ:ARCB) will announce earnings of $0.37 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for ArcBest’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.31. ArcBest posted earnings per share of $0.29 in the same quarter last year, which suggests a positive year over year growth rate of 27.6%. The business is expected to announce its next quarterly earnings results on Wednesday, February 14th.

On average, analysts expect that ArcBest will report full-year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.35. For the next fiscal year, analysts anticipate that the company will post earnings of $1.86 per share, with EPS estimates ranging from $1.65 to $2.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for ArcBest.

ArcBest (NASDAQ:ARCB) last announced its quarterly earnings results on Friday, November 3rd. The transportation company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $744.30 million for the quarter, compared to analysts’ expectations of $750.16 million. ArcBest had a net margin of 0.88% and a return on equity of 5.34%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share.

Several brokerages have commented on ARCB. Cowen reissued a “market perform” rating and set a $33.00 price target (up from $29.00) on shares of ArcBest in a research report on Monday, November 6th. Morgan Stanley reissued an “equal weight” rating and set a $22.00 price target (up from $21.00) on shares of ArcBest in a research report on Thursday, October 5th. ValuEngine lowered shares of ArcBest from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $28.00 price objective on shares of ArcBest in a research note on Thursday, September 21st. Finally, Zacks Investment Research lowered shares of ArcBest from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $31.43.

In other ArcBest news, Director Steven Spinner sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $32.00, for a total value of $128,000.00. Following the completion of the transaction, the director now directly owns 24,700 shares in the company, valued at approximately $790,400. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Janice E. Stipp sold 3,700 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $38.09, for a total transaction of $140,933.00. Following the completion of the transaction, the director now owns 20,200 shares of the company’s stock, valued at $769,418. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,853 shares of company stock valued at $499,794. Corporate insiders own 0.97% of the company’s stock.

A number of large investors have recently bought and sold shares of ARCB. GSA Capital Partners LLP lifted its stake in shares of ArcBest by 36.7% in the third quarter. GSA Capital Partners LLP now owns 44,326 shares of the transportation company’s stock valued at $1,483,000 after buying an additional 11,905 shares in the last quarter. Algert Global LLC bought a new position in shares of ArcBest during the third quarter valued at about $2,824,000. California Public Employees Retirement System lifted its position in shares of ArcBest by 29.2% during the third quarter. California Public Employees Retirement System now owns 43,786 shares of the transportation company’s stock valued at $1,465,000 after purchasing an additional 9,886 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of ArcBest during the third quarter valued at about $2,180,000. Finally, Convergence Investment Partners LLC bought a new position in shares of ArcBest during the third quarter valued at about $568,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

Shares of ArcBest (ARCB) traded down $0.55 during trading hours on Friday, reaching $36.15. 204,008 shares of the company’s stock traded hands, compared to its average volume of 294,500. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. ArcBest has a 52-week low of $16.95 and a 52-week high of $38.75. The company has a market cap of $929.34, a PE ratio of 38.87 and a beta of 1.83.

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About ArcBest

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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