ArcBest Corporation (NASDAQ:ARCB) is scheduled to post its quarterly earnings results before the market opens on Friday, November 3rd. Analysts expect ArcBest Corporation to post earnings of $0.61 per share for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.98%. The ex-dividend date is Monday, November 13th. ArcBest Corporation’s dividend payout ratio (DPR) is 37.21%.
In other news, insider Daniel E. Loe sold 9,929 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $25.87, for a total value of $256,863.23. Following the completion of the transaction, the insider now directly owns 33,600 shares in the company, valued at $869,232. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael R. Johns sold 6,593 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $29.98, for a total transaction of $197,658.14. Following the completion of the transaction, the vice president now owns 35,700 shares of the company’s stock, valued at $1,070,286. The disclosure for this sale can be found here. Insiders sold 24,210 shares of company stock valued at $665,376 over the last quarter. Insiders own 0.97% of the company’s stock.
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Several research analysts have commented on ARCB shares. Zacks Investment Research upgraded shares of ArcBest Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. ValuEngine upgraded shares of ArcBest Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and issued a $28.00 target price on shares of ArcBest Corporation in a research report on Thursday, September 21st. Cowen and Company cut shares of ArcBest Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Finally, Buckingham Research started coverage on shares of ArcBest Corporation in a research report on Monday, August 21st. They issued a “neutral” rating and a $29.00 target price for the company. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.83.
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).
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