Somewhat Favorable Press Coverage Somewhat Unlikely to Impact ARC Document Solutions (ARC) Stock Price
Headlines about ARC Document Solutions (NYSE:ARC) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ARC Document Solutions earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.3599622287604 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities analysts have recently issued reports on ARC shares. Raymond James Financial, Inc. raised shares of ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 6th. B. Riley reissued a “buy” rating and set a $5.00 price target on shares of ARC Document Solutions in a report on Thursday, July 27th. Finally, TheStreet raised shares of ARC Document Solutions from a “d+” rating to a “c” rating in a report on Tuesday, August 1st.
Shares of ARC Document Solutions (NYSE:ARC) traded up 0.25% during trading on Friday, hitting $4.05. 44,549 shares of the stock traded hands. The company has a market cap of $188.08 million, a price-to-earnings ratio of 17.02 and a beta of 2.54. The firm’s 50-day moving average price is $3.83 and its 200-day moving average price is $3.78. ARC Document Solutions has a 52 week low of $3.17 and a 52 week high of $5.55.
ARC Document Solutions (NYSE:ARC) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. ARC Document Solutions had a return on equity of 7.00% and a net margin of 2.72%. The company had revenue of $102.30 million during the quarter, compared to analyst estimates of $100.74 million. During the same period last year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that ARC Document Solutions will post $0.22 earnings per share for the current year.
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ARC Document Solutions Company Profile
ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.
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