Somewhat Positive News Coverage Somewhat Unlikely to Affect ArcBest (ARCB) Share Price
Media headlines about ArcBest (NASDAQ:ARCB) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ArcBest earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 45.3701786850842 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of analysts recently weighed in on ARCB shares. Zacks Investment Research raised shares of ArcBest from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Tuesday, October 10th. ValuEngine raised shares of ArcBest from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised shares of ArcBest from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $22.00 target price (up from $21.00) on shares of ArcBest in a research report on Thursday, October 5th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $28.00 target price on shares of ArcBest in a research report on Thursday, September 21st. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. ArcBest currently has an average rating of “Hold” and a consensus price target of $30.86.
ArcBest (NASDAQ:ARCB) opened at $37.85 on Friday. The company has a market cap of $930.62, a P/E ratio of 29.51 and a beta of 1.82. ArcBest has a 1 year low of $16.95 and a 1 year high of $38.60. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26.
ArcBest (NASDAQ:ARCB) last issued its earnings results on Friday, November 3rd. The transportation company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. The business had revenue of $744.30 million for the quarter, compared to analyst estimates of $750.16 million. ArcBest had a net margin of 0.88% and a return on equity of 5.34%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. research analysts anticipate that ArcBest will post 1.29 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, November 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.85%. ArcBest’s dividend payout ratio is presently 34.41%.
In other news, Director Steven Spinner sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $32.00, for a total transaction of $128,000.00. Following the transaction, the director now directly owns 24,700 shares in the company, valued at $790,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.97% of the stock is currently owned by company insiders.
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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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