ArcBest - ARCB Stock Forecast, Price & News

ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The ArcBest segment provides expedite freight transportation services to commercial and government customers; premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; and international freight transportation with air, ocean, and ground services. It also offers third-party transportation brokerage services by sourcing various capacity solutions, including dry van over the road and intermodal, temperature-controlled and refrigerated, flatbed, intermodal or container shipping, and specialized equipment; full-container and less-than-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, warehousing, retail logistics, supply chain optimization, and trade show shipping services. The FleetNet segment provides roadside repair solutions and vehicle maintenance management services for commercial and private fleets through a network of third-party service providers. 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.

Analyst Upgrades and Downgrades

ARCB has been the subject of a number of recent research reports. Stifel Nicolaus dropped their price objective on shares of ArcBest from $143.00 to $135.00 and set a "buy" rating for the company in a research note on Tuesday, August 2nd. Cowen dropped their price objective on shares of ArcBest to $127.00 in a research note on Tuesday. Morgan Stanley dropped their price objective on shares of ArcBest to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, May 18th. Credit Suisse Group lifted their price objective on shares of ArcBest to $106.00 in a research note on Tuesday. Finally, Stephens raised their target price on shares of ArcBest from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, August 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.44.

ArcBest Trading Up 0.2 %

ARCB traded up $0.18 on Friday, reaching $90.95. 3,304 shares of the company traded hands, compared to its average volume of 217,786. ArcBest has a one year low of $61.63 and a one year high of $125.00. The firm has a fifty day simple moving average of $77.64 and a two-hundred day simple moving average of $79.90. The company has a market cap of $2.23 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 0.24 and a beta of 1.59. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.16.

ArcBest (NASDAQ:ARCB - Get Rating) last announced its quarterly earnings data on Friday, July 29th. The transportation company reported $4.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.95 by $0.35. ArcBest had a net margin of 6.11% and a return on equity of 33.83%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business posted $1.97 EPS. The firm's revenue for the quarter was up 46.8% on a year-over-year basis. As a group, equities research analysts expect that ArcBest will post 14.18 earnings per share for the current year.

ArcBest Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $0.48 dividend on an annualized basis and a yield of 0.53%. ArcBest's payout ratio is 4.16%.