ArcBest Corp (NASDAQ:ARCB) – Equities researchers at Seaport Global Securities lifted their FY2018 earnings per share estimates for shares of ArcBest in a report released on Monday. Seaport Global Securities analyst W. Milby now forecasts that the transportation company will post earnings of $2.30 per share for the year, up from their previous forecast of $2.29. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for ArcBest’s FY2019 earnings at $2.57 EPS.
ArcBest (NASDAQ:ARCB) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.35 by $0.07. ArcBest had a net margin of 2.11% and a return on equity of 5.82%. The company had revenue of $710.72 million during the quarter, compared to analyst estimates of $723.69 million. During the same period in the previous year, the firm earned $0.28 earnings per share. ArcBest’s quarterly revenue was up 3.3% compared to the same quarter last year.
ArcBest (NASDAQ:ARCB) traded down $0.10 during mid-day trading on Wednesday, hitting $34.70. The company had a trading volume of 11,147 shares, compared to its average volume of 332,986. The company has a market capitalization of $891.04, a P/E ratio of 25.55 and a beta of 1.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.30 and a quick ratio of 1.30. ArcBest has a 12-month low of $16.95 and a 12-month high of $39.70.
Hedge funds and other institutional investors have recently modified their holdings of the company. Elkfork Partners LLC purchased a new stake in shares of ArcBest in the fourth quarter valued at approximately $113,000. ETRADE Capital Management LLC acquired a new position in ArcBest in the fourth quarter valued at $210,000. PEAK6 Investments L.P. purchased a new stake in ArcBest during the fourth quarter valued at about $231,000. Stone Ridge Asset Management LLC purchased a new stake in ArcBest during the fourth quarter valued at about $243,000. Finally, Koch Industries Inc. purchased a new stake in ArcBest during the fourth quarter valued at about $276,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 9th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, February 8th. ArcBest’s dividend payout ratio is currently 14.29%.
ArcBest Company Profile
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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