Q3 2017 EPS Estimates for ArcBest Corporation Decreased by KeyCorp (NASDAQ:ARCB)

ArcBest Corporation (NASDAQ:ARCB) – Investment analysts at KeyCorp reduced their Q3 2017 EPS estimates for shares of ArcBest Corporation in a note issued to investors on Sunday. KeyCorp analyst T. Fowler now anticipates that the transportation company will earn $0.59 per share for the quarter, down from their prior estimate of $0.63.

ArcBest Corporation (NASDAQ:ARCB) last announced its quarterly earnings data on Friday, July 28th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. ArcBest Corporation had a return on equity of 4.92% and a net margin of 0.83%. The firm had revenue of $720.40 million for the quarter, compared to analysts’ expectations of $721.11 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. ArcBest Corporation’s revenue for the quarter was up 6.5% compared to the same quarter last year.

TRADEMARK VIOLATION WARNING: This report was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.com-unik.info/2017/08/19/q3-2017-eps-estimates-for-arcbest-corporation-decreased-by-keycorp-nasdaqarcb-updated-updated.html.

Other analysts have also issued reports about the company. TheStreet upgraded ArcBest Corporation from a “c” rating to a “b-” rating in a report on Friday. Cowen and Company reiterated a “buy” rating and set a $29.00 price objective on shares of ArcBest Corporation in a report on Sunday. Zacks Investment Research upgraded ArcBest Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. ValuEngine lowered ArcBest Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG cut their price objective on ArcBest Corporation from $33.00 to $25.00 and set a “hold” rating for the company in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.20.

Shares of ArcBest Corporation (ARCB) opened at 27.80 on Tuesday. The firm has a market cap of $714.18 million, a PE ratio of 32.14 and a beta of 1.56. ArcBest Corporation has a 52 week low of $16.95 and a 52 week high of $33.95. The firm’s 50-day moving average price is $21.35 and its 200 day moving average price is $24.83.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Tuesday, August 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, August 4th. ArcBest Corporation’s dividend payout ratio is currently 37.21%.

Several large investors have recently modified their holdings of ARCB. Sei Investments Co. increased its stake in shares of ArcBest Corporation by 40.8% in the second quarter. Sei Investments Co. now owns 33,684 shares of the transportation company’s stock valued at $694,000 after buying an additional 9,764 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of ArcBest Corporation by 1.7% in the second quarter. Texas Permanent School Fund now owns 17,543 shares of the transportation company’s stock valued at $361,000 after buying an additional 299 shares in the last quarter. Spark Investment Management LLC increased its stake in shares of ArcBest Corporation by 42.4% in the second quarter. Spark Investment Management LLC now owns 77,600 shares of the transportation company’s stock valued at $1,598,000 after buying an additional 23,100 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of ArcBest Corporation by 6.0% in the second quarter. Great West Life Assurance Co. Can now owns 33,798 shares of the transportation company’s stock valued at $695,000 after buying an additional 1,900 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of ArcBest Corporation by 1,508.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 87,350 shares of the transportation company’s stock valued at $1,799,000 after buying an additional 81,920 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

ArcBest Corporation Company Profile

ArcBest Corporation is a holding company of businesses providing integrated logistics solutions. The Company operates through three segments: Asset-Based, which consists of ABF Freight System, Inc and other subsidiaries; ArcBest, which represents the consolidation of the operations of the Premium Logistics, Transportation Management and Household Goods Moving Services segments, and FleetNet, which includes the results of operations of FleetNet America, Inc (FleetNet).

Earnings History and Estimates for ArcBest Corporation (NASDAQ:ARCB)

What are top analysts saying about ArcBest Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for ArcBest Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit