Q2 2018 EPS Estimates for ARC Document Solutions Inc (ARC) Raised by B. Riley
ARC Document Solutions Inc (NYSE:ARC) – Research analysts at B. Riley upped their Q2 2018 earnings estimates for ARC Document Solutions in a report released on Wednesday. B. Riley analyst J. Nichols now forecasts that the business services provider will earn $0.06 per share for the quarter, up from their prior estimate of $0.05. B. Riley also issued estimates for ARC Document Solutions’ FY2018 earnings at $0.12 EPS.
Other equities research analysts have also recently issued reports about the stock. TheStreet cut shares of ARC Document Solutions from a “c-” rating to a “d+” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of ARC Document Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $4.63.
ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.02 earnings per share for the quarter. ARC Document Solutions had a negative net margin of 5.45% and a positive return on equity of 4.30%. The business had revenue of $97.10 million during the quarter, compared to analysts’ expectations of $95.32 million. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis.
In other news, Director Mark W. Mealy sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $2.71, for a total value of $59,620.00. Following the completion of the transaction, the director now owns 116,538 shares of the company’s stock, valued at $315,817.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 14.93% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan purchased a new position in shares of ARC Document Solutions in the fourth quarter valued at approximately $398,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of ARC Document Solutions by 114.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 121,100 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 64,600 shares during the period. Two Sigma Investments LP boosted its stake in shares of ARC Document Solutions by 48.1% in the fourth quarter. Two Sigma Investments LP now owns 169,417 shares of the business services provider’s stock valued at $432,000 after purchasing an additional 54,994 shares during the period. Two Sigma Advisers LP boosted its stake in shares of ARC Document Solutions by 78.8% in the fourth quarter. Two Sigma Advisers LP now owns 168,760 shares of the business services provider’s stock valued at $430,000 after purchasing an additional 74,400 shares during the period. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of ARC Document Solutions in the fourth quarter valued at approximately $263,000. 68.45% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Q2 2018 EPS Estimates for ARC Document Solutions Inc (ARC) Raised by B. Riley” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2018/03/04/q2-2018-eps-estimates-for-arc-document-solutions-inc-arc-raised-by-b-riley.html.
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.
Receive News & Ratings for ARC Document Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Document Solutions and related companies with MarketBeat.com's FREE daily email newsletter.