News articles about ArcBest Corporation (NASDAQ:ARCB) have trended somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ArcBest Corporation earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 45.1867606901285 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of ArcBest Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reissued a “hold” rating and issued a $28.00 price target on shares of ArcBest Corporation in a research note on Thursday. TheStreet raised shares of ArcBest Corporation from a “c” rating to a “b-” rating in a research note on Friday, July 28th. Cowen and Company reissued a “buy” rating and issued a $29.00 price target on shares of ArcBest Corporation in a research note on Sunday, July 30th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $29.00 price target (up from $26.00) on shares of ArcBest Corporation in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. ArcBest Corporation has an average rating of “Hold” and a consensus target price of $29.60.

ArcBest Corporation (NASDAQ ARCB) opened at 30.70 on Friday. The firm has a market cap of $789.17 million, a PE ratio of 35.49 and a beta of 1.70. 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 $27.44 and a 200-day moving average of $23.98.

ArcBest Corporation (NASDAQ:ARCB) last posted 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 net margin of 0.83% and a return on equity of 4.92%. The firm had revenue of $720.40 million for the quarter, compared to analyst estimates of $721.11 million. During the same quarter last year, the firm posted $0.38 earnings per share. ArcBest Corporation’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that ArcBest Corporation will post $1.31 earnings per share for the current year.

In related news, VP Michael R. Johns sold 6,593 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $29.98, for a total value of $197,658.14. Following the transaction, the vice president now owns 35,700 shares in the company, valued at $1,070,286. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel E. Loe sold 9,929 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $25.87, for a total transaction of $256,863.23. Following the completion of the transaction, the insider now owns 33,600 shares in the company, valued at approximately $869,232. The disclosure for this sale can be found here. Insiders sold 24,210 shares of company stock worth $665,376 in the last 90 days. 0.97% of the stock is currently owned by 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).

Insider Buying and Selling by Quarter for ArcBest Corporation (NASDAQ:ARCB)

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