Media coverage about ArcBest Corporation (NASDAQ:ARCB) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ArcBest Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 45.748186785027 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

ArcBest Corporation (ARCB) opened at 32.90 on Friday. The stock’s 50 day moving average is $29.51 and its 200-day moving average is $24.41. ArcBest Corporation has a 1-year low of $16.95 and a 1-year high of $34.25. The firm has a market cap of $845.73 million, a P/E ratio of 38.03 and a beta of 1.78.

ArcBest Corporation (NASDAQ:ARCB) last released its quarterly earnings results on Friday, July 28th. The transportation company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. The business had revenue of $720.40 million during the quarter, compared to analyst estimates of $721.11 million. ArcBest Corporation had a return on equity of 4.92% and a net margin of 0.83%. ArcBest Corporation’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. Analysts forecast that ArcBest Corporation will post $1.31 EPS for the current year.

Several research analysts recently weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $28.00 target price on shares of ArcBest Corporation in a research note on Thursday, September 21st. Deutsche Bank AG reissued a “hold” rating and issued a $29.00 target price (up previously from $26.00) on shares of ArcBest Corporation in a research note on Wednesday, August 9th. TheStreet raised shares of ArcBest Corporation from a “c” rating to a “b-” rating in a research note on Friday, July 28th. Buckingham Research assumed coverage on shares of ArcBest Corporation in a research note on Monday, August 21st. They issued a “neutral” rating and a $29.00 target price for the company. Finally, Cowen and Company reissued a “buy” rating and issued a $29.00 target price on shares of ArcBest Corporation in a research note on Sunday, July 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.40.

TRADEMARK VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect ArcBest Corporation (ARCB) Stock Price” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/10/06/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-arcbest-corporation-arcb-stock-price.html.

In related news, insider Daniel E. Loe sold 9,929 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $25.87, for a total value of $256,863.23. Following the completion of the sale, the insider now directly owns 33,600 shares of the company’s stock, valued at approximately $869,232. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michael R. Johns sold 6,593 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $29.98, for a total value of $197,658.14. Following the completion of the sale, the vice president now directly owns 35,700 shares of the company’s stock, valued at $1,070,286. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,210 shares of company stock valued at $665,376. Company insiders own 0.97% of the company’s stock.

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).

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

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