News stories about ArcBest Corporation (NASDAQ:ARCB) have been trending somewhat positive on Friday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ArcBest Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 33 out of 100, meaning that recent news coverage is unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Throwback Thursday: 1970 — ABF Freight Driver Records Country Songs (4-traders.com)
- ETFs with exposure to ArcBest Corp. : June 22, 2017 (finance.yahoo.com)
- ArcBest Corp. :ARCB-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017 (finance.yahoo.com)
- Trucking firms leery of Fort Smith’s plans (arkansasonline.com)
- Genesee & Wyoming (GWR) vs. ArcBest Corporation (ARCB) Critical Comparison (americanbankingnews.com)
Shares of ArcBest Corporation (NASDAQ:ARCB) traded up 1.03% during trading on Friday, reaching $19.55. 11,345 shares of the company’s stock traded hands. ArcBest Corporation has a 52-week low of $14.85 and a 52-week high of $33.95. The company has a market cap of $505.07 million, a price-to-earnings ratio of 29.71 and a beta of 1.53. The company’s 50-day moving average is $19.75 and its 200 day moving average is $26.46.
ArcBest Corporation (NASDAQ:ARCB) last announced its quarterly earnings data on Friday, May 5th. The transportation company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.11. The business had revenue of $651.10 million during the quarter, compared to the consensus estimate of $659.29 million. ArcBest Corporation had a return on equity of 4.14% and a net margin of 0.64%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.23) earnings per share. Equities analysts forecast that ArcBest Corporation will post $1.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Stockholders of record on Tuesday, May 16th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.65%. ArcBest Corporation’s payout ratio is 49.23%.
A number of research firms recently issued reports on ARCB. Zacks Investment Research cut shares of ArcBest Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Cowen and Company upped their price objective on shares of ArcBest Corporation from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, May 8th. Deutsche Bank AG lowered their price objective on shares of ArcBest Corporation from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Monday, May 8th. Finally, ValuEngine cut shares of ArcBest Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.80.
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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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