ArcBest Corporation (ARCB) Receives News Sentiment Rating of 0.16
Media stories about ArcBest Corporation (NASDAQ:ARCB) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty 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. ArcBest Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the transportation company an impact score of 46.2974348436371 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- ArcBest Corporation (NASDAQ:ARCB) vs. Swift Transportation (SWFT) Head to Head Comparison (americanbankingnews.com)
- ArcBest Corporation (ARCB) Expected to Announce Earnings of $0.60 Per Share (americanbankingnews.com)
- ArcBest Honored with Four Quest for Quality Awards (finance.yahoo.com)
- ArcBest Corporation (NASDAQ:ARCB) Stock Rating Reaffirmed by Deutsche Bank AG (americanbankingnews.com)
- Insider Trading Activity ArcBest Corporation (NASDAQ:ARCB) – Insider Sold 9,929 shares of Stock (4-traders.com)
Shares of ArcBest Corporation (NASDAQ:ARCB) traded up 1.74% during midday trading on Friday, reaching $26.35. The company had a trading volume of 229,682 shares. The company has a market capitalization of $677.35 million, a PE ratio of 30.46 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 company has a 50 day moving average of $22.90 and a 200 day moving average of $24.66.
ArcBest Corporation (NASDAQ:ARCB) last issued its quarterly earnings data on Friday, July 28th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $720.40 million for the quarter, compared to the consensus estimate of $721.11 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Analysts predict that ArcBest Corporation will post $1.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Tuesday, August 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 4th. This represents a $0.32 dividend on an annualized basis and a yield of 1.21%. ArcBest Corporation’s dividend payout ratio is presently 37.21%.
Several equities analysts have recently issued reports on ARCB shares. Deutsche Bank AG decreased their price target on ArcBest Corporation from $33.00 to $25.00 and set a “hold” rating on the stock in a research note on Monday, May 8th. Zacks Investment Research lowered ArcBest Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. BidaskClub lowered ArcBest Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine lowered ArcBest Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Cowen and Company reiterated a “buy” rating and issued a $29.00 price target on shares of ArcBest Corporation in a research note on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.00.
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In related news, insider Daniel E. Loe sold 9,929 shares of the stock in a transaction on 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 owns 33,600 shares of the company’s stock, valued at $869,232. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.97% of the stock is owned by corporate insiders.
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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