ArcBest (ARCB) Expected to Announce Earnings on Friday

ArcBest (NASDAQ:ARCB - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect ArcBest to post earnings of $1.11 per share and revenue of $994.99 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

ArcBest (NASDAQ:ARCB - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The transportation company reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.20). ArcBest had a net margin of 4.54% and a return on equity of 14.27%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the business posted $2.31 EPS. The company's revenue for the quarter was down 5.8% on a year-over-year basis. On average, analysts expect ArcBest to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ArcBest Price Performance

Shares of ArcBest stock traded down $2.68 during trading hours on Wednesday, reaching $95.63. 217,813 shares of the company's stock were exchanged, compared to its average volume of 235,501. The business has a fifty day moving average of $102.10 and a two-hundred day moving average of $106.19. The company has a market capitalization of $2.24 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.53. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. ArcBest has a 1 year low of $91.01 and a 1 year high of $153.60.

ArcBest Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.48 dividend on an annualized basis and a yield of 0.50%. ArcBest's payout ratio is 5.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group dropped their price target on ArcBest from $111.00 to $110.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Wells Fargo & Company cut their target price on ArcBest from $115.00 to $105.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group lowered their price target on shares of ArcBest from $133.00 to $125.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Morgan Stanley cut their price objective on shares of ArcBest from $175.00 to $170.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Finally, Jefferies Financial Group decreased their target price on shares of ArcBest from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, ArcBest has a consensus rating of "Hold" and a consensus price target of $125.00.

Insider Buying and Selling at ArcBest

In other news, Director Craig E. Philip sold 3,900 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $109.91, for a total value of $428,649.00. Following the sale, the director now directly owns 23,250 shares in the company, valued at approximately $2,555,407.50. This trade represents a 14.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael E. Newcity sold 10,443 shares of ArcBest stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $120.60, for a total transaction of $1,259,425.80. Following the sale, the senior vice president now directly owns 5,051 shares of the company's stock, valued at approximately $609,150.60. This trade represents a 67.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by corporate insiders.

About ArcBest

ArcBest Corporation, an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products.