ARC Document Solutions Inc (NYSE:ARC) has earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $4.63.
Several research firms have recently weighed in on ARC. Zacks Investment Research upgraded shares of ARC Document Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. TheStreet cut shares of ARC Document Solutions from a “c-” rating to a “d+” rating in a research report on Friday, November 17th. ValuEngine cut shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. FBR & Co cut shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the company from $4.00 to $5.25 in a research report on Thursday, November 2nd. Finally, B. Riley cut shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $5.25 to $4.00 in a research report on Thursday, November 2nd.
In related news, Director Mark W. Mealy sold 22,000 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $2.71, for a total transaction of $59,620.00. Following the transaction, the director now owns 116,538 shares of the company’s stock, valued at approximately $315,817.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have purchased 3,766 shares of company stock worth $8,802. 14.93% of the stock is owned by insiders.
Shares of ARC Document Solutions (NYSE:ARC) opened at $2.35 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The firm has a market cap of $120.79, a price-to-earnings ratio of -16.79 and a beta of 2.30. ARC Document Solutions has a 52-week low of $2.30 and a 52-week high of $5.22.
ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The company had revenue of $96.50 million for the quarter, compared to analysts’ expectations of $98.24 million. ARC Document Solutions had a negative net margin of 1.70% and a positive return on equity of 5.35%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. sell-side analysts expect that ARC Document Solutions will post 0.13 earnings per share for the current year.
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ARC Document Solutions Company Profile
ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.
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