ArcBest Corporation (NASDAQ:ARCB) Shares to Pay Quarterly Dividend of $0.12

Key Points

• ArcBest declared a quarterly dividend of $0.12 per share, payable November 27 to shareholders of record November 13. That equates to $0.48 annually and a 0.4% yield.
• The dividend appears well covered: the payout ratio is 6.6%, and analysts expect a 4.9% payout ratio based on next year’s projected earnings.
• In its latest quarter, ArcBest reported EPS of $2.62, above the $2.50 consensus, and revenue of $1.21 billion, up 15.5% year over year.

ArcBest Corporation (NASDAQ:ARCB - Get Free Report) declared a quarterly dividend on Friday, October 30th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.12 per share by the transportation company on Friday, November 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, November 13th.

ArcBest has raised its dividend payment by an average of 0.1% per year over the last three years. ArcBest has a dividend payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ArcBest to earn $9.83 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 4.9%.

ArcBest Stock Performance

NASDAQ ARCB opened at $133.85 on Wednesday. ArcBest has a 52-week low of $59.43 and a 52-week high of $176.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $2.95 billion, a P/E ratio of 105.39, a P/E/G ratio of 0.37 and a beta of 1.71. The company has a fifty day moving average of $131.02 and a 200-day moving average of $125.77.

ArcBest (NASDAQ:ARCB - Get Free Report) last released its earnings results on Wednesday, November 4th. The transportation company reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $2.50 by $0.12. ArcBest had a return on equity of 9.93% and a net margin of 0.66%. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $1.46 earnings per share. The firm's revenue was up 15.5% on a year-over-year basis. As a group, equities research analysts predict that ArcBest will post 7.42 EPS for the current fiscal year.

Insider Transactions at ArcBest

In other news, VP Jason T. Parks sold 855 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $135.09, for a total transaction of $115,501.95. Following the completion of the sale, the vice president directly owned 3,794 shares in the company, valued at approximately $512,531.46. This represents a 18.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ralph Edward Sorg sold 6,000 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $131.28, for a total transaction of $787,680.00. Following the sale, the insider owned 16,624 shares of the company's stock, valued at approximately $2,182,398.72. This represents a 26.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARCB. Parallel Advisors LLC grew its position in shares of ArcBest by 51.3% in the 3rd quarter. Parallel Advisors LLC now owns 466 shares of the transportation company's stock worth $59,000 after buying an additional 158 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of ArcBest during the second quarter valued at approximately $74,000. Nykredit A S bought a new position in shares of ArcBest during the second quarter valued at approximately $75,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of ArcBest during the second quarter valued at approximately $92,000. Finally, Pinnacle Holdings LLC purchased a new stake in ArcBest in the second quarter worth $246,000. Institutional investors own 99.27% of the company's stock.

ArcBest Company Profile

ArcBest Corporation is a transportation and logistics company headquartered in Fort Smith, Arkansas. Its services include less-than-truckload freight through ABF Freight, as well as truckload, expedited transportation, freight brokerage, managed transportation and other supply chain solutions. The company serves businesses across North America and supports shipments to and from international markets through its transportation and logistics network. ArcBest traces its roots to 1923, when its predecessor began providing freight transportation services in Arkansas.

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