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.

ArcBest Trading Up 0.2 %

ArcBest stock traded up $0.17 during trading on Monday, hitting $88.45. The company had a trading volume of 170,247 shares, compared to its average volume of 362,956. ArcBest has a 1-year low of $61.63 and a 1-year high of $125.00. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.16. The company's 50 day simple moving average is $76.98 and its 200-day simple moving average is $79.79. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 0.24 and a beta of 1.59.

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 the consensus estimate of $3.95 by $0.35. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. ArcBest had a net margin of 6.11% and a return on equity of 33.83%. The company's quarterly revenue was up 46.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.97 earnings per share. As a group, analysts expect that ArcBest will post 14.18 EPS for the current fiscal year.

ArcBest Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ARCB. StockNews.com raised shares of ArcBest from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 1st. Stephens lifted their price target on shares of ArcBest from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, August 1st. Morgan Stanley reduced their price target on shares of ArcBest to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 18th. Stifel Nicolaus reduced their price target on shares of ArcBest from $143.00 to $135.00 and set a "buy" rating on the stock in a research report on Tuesday, August 2nd. Finally, Cowen reaffirmed a "buy" rating and set a $133.00 price target on shares of ArcBest in a research report on Monday, May 2nd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.11.