Analysts predict that ArcBest Corp (NASDAQ:ARCB) will post earnings of ($0.10) per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for ArcBest’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.23). ArcBest posted earnings per share of ($0.22) during the same quarter last year, which would indicate a positive year over year growth rate of 54.5%. The company is expected to announce its next earnings results on Friday, May 4th.
On average, analysts expect that ArcBest will report full year earnings of $2.28 per share for the current fiscal year, with EPS estimates ranging from $2.18 to $2.40. For the next financial year, analysts anticipate that the firm will post earnings of $2.81 per share, with EPS estimates ranging from $2.50 to $3.80. Zacks’ 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 Wednesday, January 31st. The transportation company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The company had revenue of $710.72 million for the quarter, compared to analyst estimates of $723.69 million. ArcBest had a net margin of 2.11% and a return on equity of 5.82%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share.
Several institutional investors and hedge funds have recently made changes to their positions in ARCB. Elkfork Partners LLC purchased a new position in shares of ArcBest during the fourth quarter worth approximately $113,000. ETRADE Capital Management LLC acquired a new stake in shares of ArcBest during the fourth quarter worth $210,000. PEAK6 Investments L.P. acquired a new stake in shares of ArcBest during the fourth quarter worth $231,000. Stone Ridge Asset Management LLC acquired a new stake in shares of ArcBest during the fourth quarter worth $243,000. Finally, Koch Industries Inc. acquired a new stake in shares of ArcBest during the fourth quarter worth $276,000. Institutional investors and hedge funds own 88.73% of the company’s stock.
Shares of ArcBest (ARCB) traded down $0.55 during trading on Wednesday, reaching $34.25. 74,003 shares of the company’s stock traded hands, compared to its average volume of 334,251. The stock has a market capitalization of $891.04, a price-to-earnings ratio of 15.27 and a beta of 1.73. ArcBest has a one year low of $16.95 and a one year high of $39.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.30 and a quick ratio of 1.30.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 9th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.93%. ArcBest’s dividend payout ratio (DPR) is presently 14.29%.
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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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