ArcBest (NASDAQ:ARCB – Get Free Report) issued its quarterly earnings data on Friday. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.22, RTT News reports. ArcBest had a return on equity of 14.27% and a net margin of 4.54%. During the same quarter in the previous year, the firm earned $2.47 earnings per share.
ArcBest Stock Down 2.1 %
ArcBest stock traded down $1.94 during midday trading on Friday, hitting $92.57. The stock had a trading volume of 234,276 shares, compared to its average volume of 243,519. The business has a fifty day moving average price of $101.59 and a 200 day moving average price of $106.03. ArcBest has a 12 month low of $91.01 and a 12 month high of $153.60. The stock has a market cap of $2.17 billion, a P/E ratio of 11.42, a P/E/G ratio of 1.78 and a beta of 1.53. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09.
ArcBest Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.52%. ArcBest’s dividend payout ratio (DPR) is presently 5.93%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on ArcBest
Insiders Place Their Bets
In other news, Director Craig E. Philip sold 3,900 shares of ArcBest stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $109.91, for a total value of $428,649.00. Following the completion of the transaction, the director now directly owns 23,250 shares of the company’s stock, valued at approximately $2,555,407.50. The trade was a 14.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael E. Newcity sold 10,443 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $120.60, for a total transaction of $1,259,425.80. Following the completion of the transaction, the senior vice president now directly owns 5,051 shares in the company, valued at $609,150.60. This represents a 67.40 % decrease in their position. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by company insiders.
ArcBest Company Profile
ArcBest Corporation, an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products.
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