FY2024 Earnings Estimate for ARC Issued By Sidoti Csr

ARC Document Solutions, Inc. (NYSE:ARC - Free Report) - Equities research analysts at Sidoti Csr reduced their FY2024 earnings per share (EPS) estimates for ARC Document Solutions in a research note issued to investors on Monday, November 4th. Sidoti Csr analyst G. Burns now anticipates that the business services provider will earn $0.15 per share for the year, down from their previous forecast of $0.25. The consensus estimate for ARC Document Solutions' current full-year earnings is $0.23 per share. Sidoti Csr also issued estimates for ARC Document Solutions' Q2 2025 earnings at $0.06 EPS and FY2025 earnings at $0.17 EPS.

ARC Document Solutions (NYSE:ARC - Get Free Report) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. ARC Document Solutions had a return on equity of 5.28% and a net margin of 1.61%. The business had revenue of $75.11 million for the quarter, compared to analysts' expectations of $72.60 million.

A number of other equities research analysts have also recently commented on the stock. StockNews.com initiated coverage on shares of ARC Document Solutions in a report on Saturday, November 2nd. They issued a "strong-buy" rating for the company. Singular Research raised ARC Document Solutions to a "strong-buy" rating in a research report on Wednesday, August 21st.

ARC Document Solutions Price Performance

Shares of ARC Document Solutions stock remained flat at $3.38 on Thursday. The company had a trading volume of 125,746 shares, compared to its average volume of 207,150. The firm's 50 day moving average price is $3.38 and its two-hundred day moving average price is $3.03. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.44. The company has a market cap of $146.00 million, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 1.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ARC. Wolverine Asset Management LLC bought a new stake in shares of ARC Document Solutions in the 3rd quarter worth approximately $539,000. Dimensional Fund Advisors LP increased its position in ARC Document Solutions by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider's stock worth $4,094,000 after buying an additional 83,795 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of ARC Document Solutions by 62.0% in the second quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider's stock valued at $577,000 after buying an additional 83,708 shares during the period. Renaissance Technologies LLC lifted its position in shares of ARC Document Solutions by 1.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider's stock valued at $7,545,000 after buying an additional 48,245 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in shares of ARC Document Solutions by 8.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 520,037 shares of the business services provider's stock worth $1,441,000 after acquiring an additional 39,800 shares during the period. Hedge funds and other institutional investors own 48.93% of the company's stock.

About ARC Document Solutions

ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.