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.

Analysts Set New Price Targets

ARCB has been the topic of several research analyst reports. Stephens boosted 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. Cowen reaffirmed a "buy" rating and set a $133.00 price target on shares of ArcBest in a research note on Monday, May 2nd. Morgan Stanley decreased their price target on shares of ArcBest to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 18th. Cowen decreased their price target on shares of ArcBest to $127.00 in a research note on Tuesday, August 9th. Finally, Stifel Nicolaus decreased their price target on shares of ArcBest from $143.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $116.44.

ArcBest Trading Down 2.4 %

Shares of NASDAQ:ARCB traded down $2.18 during mid-day trading on Friday, reaching $88.84. The company had a trading volume of 1,405 shares, compared to its average volume of 220,359. The business's 50-day moving average is $78.57 and its 200-day moving average is $80.05. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.23 and a beta of 1.59. ArcBest has a 52 week low of $61.63 and a 52 week high of $125.00.

ArcBest (NASDAQ:ARCB - Get Rating) last posted its quarterly earnings results on Friday, July 29th. The transportation company reported $4.30 EPS for the quarter, topping analysts' consensus estimates of $3.95 by $0.35. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.37 billion. ArcBest had a net margin of 6.11% and a return on equity of 33.83%. The business's revenue for the quarter was up 46.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.97 earnings per share. Equities analysts expect that ArcBest will post 14.36 earnings per share for the current year.

ArcBest Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, August 9th. ArcBest's payout ratio is 4.16%.