ArcBest Corp (NASDAQ:ARCB) – Stock analysts at Seaport Global Securities issued their FY2017 earnings estimates for shares of ArcBest in a report issued on Tuesday. Seaport Global Securities analyst W. Milby anticipates that the transportation company will post earnings per share of $1.22 for the year. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for ArcBest’s Q4 2017 earnings at $0.28 EPS, Q1 2018 earnings at ($0.12) EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $2.06 EPS, Q1 2019 earnings at ($0.03) EPS, Q2 2019 earnings at $0.90 EPS, Q3 2019 earnings at $0.97 EPS, Q4 2019 earnings at $0.69 EPS and FY2019 earnings at $2.53 EPS.

ARCB has been the topic of several other research reports. Zacks Investment Research cut ArcBest from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut ArcBest from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Stifel Nicolaus cut ArcBest from a “hold” rating to a “sell” rating and increased their target price for the company from $27.00 to $32.00 in a research report on Wednesday, December 13th. ValuEngine cut ArcBest from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Bank of America increased their target price on ArcBest from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $32.14.

ArcBest (NASDAQ ARCB) opened at $36.95 on Thursday. The company has a market capitalization of $947.28, a price-to-earnings ratio of 39.73 and a beta of 1.83. ArcBest has a fifty-two week low of $16.95 and a fifty-two week high of $38.75. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33.

ArcBest (NASDAQ:ARCB) last released its quarterly earnings data on Friday, November 3rd. The transportation company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. The company had revenue of $744.30 million for the quarter, compared to the consensus estimate of $750.16 million. ArcBest had a return on equity of 5.34% and a net margin of 0.88%. ArcBest’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS.

In other news, Director Janice E. Stipp sold 3,700 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $38.09, for a total value of $140,933.00. Following the completion of the sale, the director now owns 20,200 shares of the company’s stock, valued at approximately $769,418. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Spinner sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $32.00, for a total value of $128,000.00. Following the completion of the sale, the director now directly owns 24,700 shares of the company’s stock, valued at approximately $790,400. The disclosure for this sale can be found here. Insiders have sold a total of 13,853 shares of company stock worth $499,794 in the last ninety days. Insiders own 0.97% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in shares of ArcBest by 61.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,757 shares of the transportation company’s stock worth $160,000 after purchasing an additional 2,957 shares in the last quarter. Petrus Trust Company LTA boosted its position in shares of ArcBest by 39.8% in the 2nd quarter. Petrus Trust Company LTA now owns 14,047 shares of the transportation company’s stock worth $289,000 after purchasing an additional 3,996 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of ArcBest by 6.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 14,480 shares of the transportation company’s stock worth $298,000 after purchasing an additional 870 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of ArcBest in the 3rd quarter worth $299,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of ArcBest in the 3rd quarter worth $414,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

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ArcBest 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).

Earnings History and Estimates for ArcBest (NASDAQ:ARCB)

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