ArcBest (NASDAQ:ARCB – Get Free Report) released its quarterly 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. ArcBest had a return on equity of 15.27% and a net margin of 2.80%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the company earned $1.58 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis.
ArcBest Trading Up 0.4 %
ArcBest stock traded up $0.40 during trading on Thursday, hitting $108.76. The company had a trading volume of 108,864 shares, compared to its average volume of 315,264. The company has a current ratio of 1.23, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12. The company’s 50 day simple moving average is $138.58 and its 200-day simple moving average is $125.60. ArcBest has a 1-year low of $82.18 and a 1-year high of $153.60. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 0.48 and a beta of 1.56.
ArcBest Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given 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 payout ratio is currently 9.66%.
Analysts Set New Price Targets
View Our Latest Report on ARCB
Insider Transactions at ArcBest
In related news, insider Erin K. Gattis sold 2,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $141.58, for a total transaction of $283,160.00. Following the transaction, the insider now owns 32,247 shares of the company’s stock, valued at approximately $4,565,530.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.65% of the company’s stock.
ArcBest Company Profile
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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