ArcBest (NASDAQ:ARCB – Get Free Report) released its earnings results on Tuesday. The transportation company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.19), Yahoo Finance reports. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. ArcBest had a return on equity of 15.27% and a net margin of 2.80%. ArcBest’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 EPS.
ArcBest Trading Up 0.8 %
Shares of ARCB stock traded up $0.91 during trading hours on Thursday, reaching $109.27. 81,150 shares of the stock traded hands, compared to its average volume of 314,906. ArcBest has a 1-year low of $82.18 and a 1-year high of $153.60. The business has a fifty day moving average price of $138.58 and a 200 day moving average price of $125.60. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $2.57 billion, a PE ratio of 21.80, a PEG ratio of 0.48 and a beta of 1.56.
ArcBest Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. ArcBest’s dividend payout ratio is currently 9.66%.
Analysts Set New Price Targets
Read Our Latest Research Report on ARCB
Insider Activity
In other ArcBest news, insider Erin K. Gattis sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $141.58, for a total value of $283,160.00. Following the completion of the sale, the insider now owns 32,247 shares in the company, valued at approximately $4,565,530.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.65% of the stock is owned by company insiders.
About ArcBest
ArcBest Corporation, an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products.
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