Equities analysts expect ArcBest Corp (NASDAQ:ARCB) to post sales of $714.47 million for the current quarter, according to Zacks. Three analysts have issued estimates for ArcBest’s earnings. The lowest sales estimate is $706.20 million and the highest is $719.50 million. ArcBest posted sales of $774.28 million during the same quarter last year, which suggests a negative year-over-year growth rate of 7.7%. The business is expected to announce its next earnings results after the market closes on Thursday, January 30th.

On average, analysts expect that ArcBest will report full-year sales of $2.99 billion for the current fiscal year, with estimates ranging from $2.98 billion to $3.00 billion. For the next year, analysts forecast that the firm will report sales of $3.03 billion, with estimates ranging from $2.99 billion to $3.10 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover ArcBest.

ArcBest (NASDAQ:ARCB) last announced its earnings results on Thursday, October 31st. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.15. The company had revenue of $787.56 million during the quarter, compared to analysts’ expectations of $797.16 million. ArcBest had a net margin of 2.00% and a return on equity of 11.27%. ArcBest’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.49 earnings per share.

A number of equities research analysts have recently issued reports on ARCB shares. SunTrust Banks set a $35.00 target price on shares of ArcBest and gave the company a “buy” rating in a research report on Wednesday, September 18th. ValuEngine cut shares of ArcBest from a “buy” rating to a “hold” rating in a research report on Saturday, January 4th. Morgan Stanley reduced their target price on shares of ArcBest from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. BidaskClub cut shares of ArcBest from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 24th. Finally, TheStreet cut shares of ArcBest from a “b-” rating to a “c+” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.56.

Shares of ArcBest stock traded up $0.18 during trading on Friday, reaching $28.37. The company’s stock had a trading volume of 117,954 shares, compared to its average volume of 136,350. The business’s 50-day moving average price is $27.78 and its 200-day moving average price is $28.70. The firm has a market cap of $730.52 million, a PE ratio of 7.35 and a beta of 1.94. ArcBest has a 52 week low of $24.68 and a 52 week high of $41.87. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.39.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its holdings in shares of ArcBest by 1.2% in the third quarter. California State Teachers Retirement System now owns 39,688 shares of the transportation company’s stock worth $1,208,000 after acquiring an additional 474 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of ArcBest by 6.3% in the third quarter. Stephens Inc. AR now owns 8,401 shares of the transportation company’s stock worth $256,000 after acquiring an additional 500 shares during the last quarter. Meridian Investment Counsel Inc. lifted its holdings in shares of ArcBest by 3.8% in the third quarter. Meridian Investment Counsel Inc. now owns 16,250 shares of the transportation company’s stock worth $495,000 after acquiring an additional 600 shares during the last quarter. James Investment Research Inc. lifted its holdings in shares of ArcBest by 6.3% in the third quarter. James Investment Research Inc. now owns 12,195 shares of the transportation company’s stock worth $371,000 after acquiring an additional 720 shares during the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of ArcBest by 14.2% in the second quarter. United Services Automobile Association now owns 8,778 shares of the transportation company’s stock worth $247,000 after acquiring an additional 1,090 shares during the last quarter. 91.56% of the stock is owned by institutional investors and hedge funds.

About ArcBest

ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services.

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