News coverage about ArcBest Corp (NASDAQ:ARCB) has been trending somewhat positive recently, according to AlphaOne. AlphaOne, a unit of Accern, identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ArcBest Corp earned a media sentiment score of 0.17 on AlphaOne’s scale. AlphaOne also assigned press coverage about the transportation company an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an effect on the company’s share price in the immediate future.
ARCB has been the topic of several research reports. TheStreet lowered shares of ArcBest Corp from a “b-” rating to a “c+” rating in a report on Wednesday, February 8th. Deutsche Bank AG lowered their price objective on shares of ArcBest Corp from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Monday, May 8th. Cowen and Company increased their price objective on shares of ArcBest Corp from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, Zacks Investment Research downgraded shares of ArcBest Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.80.
Shares of ArcBest Corp (NASDAQ:ARCB) opened at 18.00 on Friday. The firm has a market cap of $465.03 million, a P/E ratio of 27.36 and a beta of 1.72. The stock’s 50 day moving average is $23.43 and its 200-day moving average is $27.65. ArcBest Corp has a 52-week low of $14.85 and a 52-week high of $33.95.
ArcBest Corp (NASDAQ:ARCB) last posted its quarterly earnings data on Friday, May 5th. The transportation company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.11. ArcBest Corp had a return on equity of 4.15% and a net margin of 0.69%. The company had revenue of $651.10 million for the quarter, compared to the consensus estimate of $659.29 million. During the same quarter last year, the business earned ($0.23) EPS. ArcBest Corp’s revenue was up 4.8% on a year-over-year basis. Equities analysts anticipate that ArcBest Corp will post $1.20 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Tuesday, May 16th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $0.32 dividend on an annualized basis and a yield of 1.78%. ArcBest Corp’s dividend payout ratio (DPR) is presently 45.71%.
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About ArcBest Corp
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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