ArcBest (NASDAQ:ARCB) issued its quarterly earnings results on Wednesday. The transportation company reported $0.67 earnings per share for the quarter, MarketWatch Earnings reports. ArcBest had a return on equity of 8.99% and a net margin of 1.01%. The business had revenue of $627.37 million during the quarter, compared to the consensus estimate of $638.73 million.

ARCB stock traded down $0.71 during trading hours on Friday, hitting $30.19. The company’s stock had a trading volume of 7,423 shares, compared to its average volume of 227,164. The company has a quick ratio of 2.06, a current ratio of 2.05 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $767.15 million, a PE ratio of 28.76, a price-to-earnings-growth ratio of 3.42 and a beta of 1.60. ArcBest has a 12 month low of $13.54 and a 12 month high of $33.53. The stock has a 50 day moving average price of $26.89 and a two-hundred day moving average price of $22.97.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, August 6th. ArcBest’s dividend payout ratio is 11.11%.

A number of brokerages have recently weighed in on ARCB. TheStreet upgraded ArcBest from a “c” rating to a “b-” rating in a report on Wednesday. Cowen reiterated a “buy” rating and issued a $39.00 price target on shares of ArcBest in a report on Wednesday. ValuEngine downgraded ArcBest from a “hold” rating to a “sell” rating in a report on Thursday. Citigroup upped their price objective on ArcBest from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Zacks Investment Research downgraded ArcBest from a “buy” rating to a “hold” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. ArcBest has an average rating of “Buy” and a consensus price target of $31.33.

About ArcBest

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.

See Also: Fibonacci Channel

Earnings History for ArcBest (NASDAQ:ARCB)

Receive News & Ratings for ArcBest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcBest and related companies with MarketBeat.com's FREE daily email newsletter.