ArcBest Corp (NASDAQ:ARCB) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.08 per share by the transportation company on Tuesday, November 26th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, November 8th.
Shares of ArcBest stock traded down $0.34 during trading on Wednesday, hitting $31.27. The company’s stock had a trading volume of 3,847 shares, compared to its average volume of 175,465. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.41 and a quick ratio of 1.38. ArcBest has a 52 week low of $24.68 and a 52 week high of $42.38. The stock has a market cap of $753.87 million, a price-to-earnings ratio of 8.19 and a beta of 1.99. The stock has a 50-day moving average price of $29.89 and a two-hundred day moving average price of $28.66.
ArcBest (NASDAQ:ARCB) last released its earnings results on Thursday, October 31st. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.15. ArcBest had a net margin of 2.00% and a return on equity of 11.27%. The business had revenue of $787.56 million for the quarter, compared to analyst estimates of $797.16 million. During the same quarter in the previous year, the business earned $1.49 earnings per share. ArcBest’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts predict that ArcBest will post 2.6 EPS for the current fiscal year.
Several analysts have issued reports on ARCB shares. ValuEngine upgraded shares of ArcBest from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. BidaskClub upgraded shares of ArcBest from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. SunTrust Banks set a $35.00 price objective on shares of ArcBest and gave the company a “buy” rating in a research report on Wednesday, September 18th. Citigroup lowered their price objective on shares of ArcBest from $34.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Finally, TheStreet upgraded shares of ArcBest from a “c+” rating to a “b-” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. ArcBest presently has a consensus rating of “Hold” and a consensus price target of $35.13.
ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services.
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