ArcBest - ARCB Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ArcBest in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ARCB shares.
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8 brokers have issued 12 month price objectives for ArcBest's shares. Their ARCB share price forecasts range from $76.00 to $138.00. On average, they anticipate the company's share price to reach $114.13 in the next year. This suggests a possible upside of 10.9% from the stock's current price.
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ArcBest's stock was trading at $70.04 at the start of the year. Since then, ARCB stock has increased by 46.9% and is now trading at $102.89.
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ArcBest saw a increase in short interest in January. As of January 15th, there was short interest totaling 1,410,000 shares, an increase of 8.5% from the December 31st total of 1,300,000 shares. Based on an average trading volume of 215,400 shares, the days-to-cover ratio is presently 6.5 days. Approximately 5.9% of the shares of the stock are short sold.
View ArcBest's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our ARCB earnings forecast.

ArcBest Co. (NASDAQ:ARCB) posted its quarterly earnings data on Friday, February, 3rd. The transportation company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by $0.19. The transportation company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.25 billion. ArcBest had a net margin of 5.60% and a trailing twelve-month return on equity of 32.17%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.79 earnings per share.

ArcBest announced a quarterly dividend on Tuesday, January 31st. Shareholders of record on Tuesday, February 14th will be given a dividend of $0.12 per share on Tuesday, February 28th. This represents a $0.48 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, February 13th.
Read our dividend analysis for ARCB.

ArcBest (NASDAQ:ARCB) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.56%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 4.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ARCB will have a dividend payout ratio of 3.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ARCB.

137 employees have rated ArcBest Chief Executive Officer Judy R. McReynolds on Glassdoor.com. Judy R. McReynolds has an approval rating of 85% among the company's employees. 77.0% of employees surveyed would recommend working at ArcBest to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other ArcBest investors own include YRC Worldwide (YRCW), Intel (INTC), Energy Transfer (ET), Pfizer (PFE), Delta Air Lines (DAL), Boeing (BA), American Airlines Group (AAL), Advanced Micro Devices (AMD), Southwest Airlines (LUV) and Valero Energy (VLO).

ArcBest trades on the NASDAQ under the ticker symbol "ARCB."

ArcBest's stock is owned by a variety of institutional and retail investors. Top institutional investors include LSV Asset Management (2.87%), Pacer Advisors Inc. (1.22%), Russell Investments Group Ltd. (0.39%), Nordea Investment Management AB (0.30%), Allspring Global Investments Holdings LLC (0.30%) and UBS Group AG (0.29%). Insiders that own company stock include Craig E Philip, Daniel E Loe, David R Cobb, Erin K Gattis, James A Ingram, Judy R Mcreynolds, Kathleen D Mcelligott, Lawrence Joseph Ellison, Michael E Newcity, Michael P Hogan, Michael R Johns, Stephen E Gorman, Steven Spinner and Timothy D Thorne.
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Shares of ARCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARCB stock can currently be purchased for approximately $102.89.

ArcBest (NASDAQ:ARCB) has a market capitalization of $2.51 billion and generates $5.32 billion in revenue each year. The transportation company earns $298.21 million in net income (profit) each year or $11.66 on an earnings per share basis.

The company employs 14,000 workers across the globe.

ArcBest's mailing address is 8401 McClure Drive, FORT SMITH AR, 72916. The official website for the company is www.arcb.com. The transportation company can be reached via phone at (479) 785-6000, via email at invrel@arcb.com, or via fax at 479-785-6004.