ArcBest Corporation (ARCB) Getting Somewhat Positive Press Coverage, Study Shows
Media headlines about ArcBest Corporation (NASDAQ:ARCB) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. ArcBest Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 46.4866510124608 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Arcbest Corp Up 45.7% Since SmarTrend Uptrend Call (ARCB) (mysmartrend.com)
- ArcBest Corporation (ARCB) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Shippers reroute, adjust for Harvey (arkansasonline.com)
- ArcBest : Hurricane Harvey update (4-traders.com)
- Head to Head Review: ArcBest Corporation (ARCB) vs. YRC Worldwide (YRCW) (americanbankingnews.com)
ARCB has been the subject of several recent analyst reports. Zacks Investment Research raised shares of ArcBest Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Cowen and Company lifted their target price on shares of ArcBest Corporation from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. Deutsche Bank AG dropped their target price 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. ValuEngine lowered shares of ArcBest Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of ArcBest Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.00.
Shares of ArcBest Corporation (ARCB) opened at 29.70 on Thursday. The company has a market capitalization of $763.47 million, a price-to-earnings ratio of 34.34 and a beta of 1.62. ArcBest Corporation has a one year low of $16.95 and a one year high of $33.95. The stock has a 50 day moving average of $24.32 and a 200-day moving average of $24.23.
ArcBest Corporation (NASDAQ:ARCB) last announced its quarterly earnings results on Friday, July 28th. The transportation company reported $0.57 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 business had revenue of $720.40 million for the quarter, compared to analyst estimates of $721.11 million. During the same quarter in the prior year, the company posted $0.38 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts expect that ArcBest Corporation will post $1.31 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 22nd. Stockholders of record on Tuesday, August 8th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Friday, August 4th. ArcBest Corporation’s dividend payout ratio (DPR) is presently 37.21%.
In related news, COO James A. Ingram sold 6,918 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $27.14, for a total transaction of $187,754.52. Following the transaction, the chief operating officer now owns 43,500 shares of the company’s stock, valued at approximately $1,180,590. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel E. Loe sold 9,929 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $25.87, for a total value of $256,863.23. Following the transaction, the insider now directly owns 33,600 shares in the company, valued at approximately $869,232. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by corporate insiders.
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About ArcBest Corporation
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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