ArcBest (ARCB) Stock Price, News & Analysis

Company Overview

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. The segment also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The Asset-Light segment provides ground expedite services; third-party transportation brokerage services by sourcing various capacity solutions, including dry van over-the-road, temperature-controlled and refrigerated, flatbed, intermodal or container shipping, and specialized equipment; less-than- and full container load ocean transportation services; warehousing and distribution services; managed transportation services; and moving services to do-it-yourself' consumer, as well as provides final mile, time critical, product launch, retail logistics, supply chain optimization, and trade show shipping services. This segment also offers premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; international freight transportation with air, ocean, and ground services; and engages in the final mile, time-critical, product launch, retail logistics, supply chain optimization, brokered LTL, and trade show shipping activities. The company was formerly known as Arkansas Best Corporation and changed its name to ArcBest Corporation in May 2014. ArcBest Corporation was founded in 1923 and is headquartered in Fort Smith, Arkansas.

Key Stats

• Today's Range: $106.77 to $110.26
• 50-Day Range: $99.80 to $121.90
• 52-Week Range: $94.76 to $153.60
• Volume: 203,352 shs
• Average Volume: 287,940 shs
• Market Capitalization: $2.55 billion
• P/E Ratio: 13.46
• Dividend Yield: 0.44%
• Price Target: $124.50
• Consensus Rating: Hold

ArcBest Stock Analysis - MarketRank™

ArcBest scored higher than 90% of companies evaluated by MarketBeat, and ranked 17th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

ArcBest has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 5 buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

ArcBest has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 36.35%

Earnings Growth

Earnings for ArcBest are expected to grow by 36.35% in the coming year, from $6.19 to $8.44 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ArcBest is 13.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of ArcBest is 13.46, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 16.37.

Price to Earnings Growth Ratio

ArcBest has a PEG Ratio of 2.02. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

ArcBest has a P/B Ratio of 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.06% of the float of ArcBest has been sold short.

Short Interest Ratio / Days to Cover

ArcBest has a short interest ratio ("days to cover") of 6.2.

Change versus previous month

Short interest in ArcBest has recently increased by 1.25%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

ArcBest has a dividend yield of 0.45%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

ArcBest does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of ArcBest is 5.93%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, ArcBest will have a dividend payout ratio of 5.69% next year. This indicates that ArcBest will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.8 / 5
• Environmental Score: -4.33

Percentage of Shares Shorted

7.06% of the float of ArcBest has been sold short.

Short Interest Ratio / Days to Cover

ArcBest has a short interest ratio ("days to cover") of 6.2.

Change versus previous month

Short interest in ArcBest has recently increased by 1.25%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.88

News Sentiment

ArcBest has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for ArcBest this week, compared to 6 articles on an average week.

Search Interest

3 people have searched for ARCB on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

4 people have added ArcBest to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, ArcBest insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,259,426.00 in company stock.

Percentage Held by Insiders

Only 1.65% of the stock of ArcBest is held by insiders.

Percentage Held by Institutions

99.27% of the stock of ArcBest is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ARCB Stock Analysis - Frequently Asked Questions

How have ARCB shares performed this year?

ArcBest's stock was trading at $120.21 on January 1st, 2024. Since then, ARCB shares have decreased by 9.3% and is now trading at $109.00.
View the best growth stocks for 2024 here.

How were ArcBest's earnings last quarter?

ArcBest Co. (NASDAQ:ARCB) released its quarterly earnings results on Friday, November, 1st. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by $0.20. The firm's revenue was down 5.8% compared to the same quarter last year.

Who are ArcBest's major shareholders?

ArcBest's top institutional shareholders include FMR LLC (6.07%), State Street Corp (4.09%), Geode Capital Management LLC (2.36%) and Charles Schwab Investment Management Inc. (1.77%). Insiders that own company stock include Judy R Mcreynolds, Erin K Gattis, Dennis L Anderson II, Craig E Philip, Daniel E Loe, Kathleen D Mcelligott, Seth Runser, Janice E Stipp, Steven Spinner, John Matthew Beasley, Michael E Newcity, Salvatore A Abbate and Michael P Hogan.
View institutional ownership trends.

How do I buy shares of ArcBest?

Shares of ARCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ArcBest own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ArcBest investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Salesforce (CRM), Broadcom (AVGO), Netflix (NFLX) and Tesla (TSLA).

Company Calendar

• Ex-Dividend for 8/27 Dividend: 8/13/2024
• Dividend Payable: 8/27/2024
• Last Earnings: 11/01/2024
• Ex-Dividend for 11/27 Dividend: 11/13/2024
• Today: 11/21/2024
• Dividend Payable: 11/27/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Trucking, except local
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:ARCB
• CUSIP: N/A
• CIK: 894405
• Web: www.arcb.com
• Phone: (479) 785-6000
• Fax: 479-785-6004
• Employees: 15,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $124.50
• High Stock Price Target: $170.00
• Low Stock Price Target: $99.00
• Potential Upside/Downside: +14.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.31
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $8.10
• Trailing P/E Ratio: 13.46
• Forward P/E Ratio: 17.61
• P/E Growth: 2.02
• Net Income: $195.43 million
• Net Margins: 4.54%
• Pretax Margin: 5.84%
• Return on Equity: 14.27%
• Return on Assets: 7.39%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 1.04
• Quick Ratio: 1.04

Sales & Book Value

• Annual Sales: $4.43 billion
• Price / Sales: 0.58
• Cash Flow: $14.51 per share
• Price / Cash Flow: 7.51
• Book Value: $55.86 per share
• Price / Book: 1.95

Miscellaneous

• Outstanding Shares: 23,400,000
• Free Float: 23,014,000
• Market Cap: $2.55 billion
• Optionable: Optionable
• Beta: 1.47