The Somewhat Critical News Coverage Extremely Likely to Impact ArcBest Corp (ARCB) Share Price

The Somewhat Critical News Coverage Extremely Likely to Impact ArcBest Corp (ARCB) Share Price

Here are some of the news stories that may have impacted AlphaOne Sentiment’s analysis:

News headlines about ArcBest Corp (NASDAQ:ARCB) have trended somewhat negative recently, Alpha One Sentiment Analysis reports. Alpha One, a service of Accern, ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ArcBest Corp earned a media sentiment score of -0.06 on Alpha One’s scale. Alpha One also assigned headlines about the transportation company an impact score of 92 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the immediate future.

ARCB has been the subject of several recent research reports. Cowen and Company lifted their price objective on ArcBest Corp from $25.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, February 9th. TheStreet downgraded ArcBest Corp from a “b-” rating to a “c+” rating in a research report on Wednesday, February 8th. Zacks Investment Research downgraded ArcBest Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Deutsche Bank AG lowered their price objective on ArcBest Corp from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Monday, May 8th. Finally, ValuEngine downgraded ArcBest Corp from a “buy” rating to a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.80. ArcBest Corp (NASDAQ:ARCB) opened at 19.50 on Monday. The stock’s 50 day moving average price is $21.64 and its 200 day moving average price is $27.33. ArcBest Corp has a 1-year low of $14.85 and a 1-year high of $33.95. The stock has a market capitalization of $503.78 million, a PE ratio of 29.64 and a beta of 1.72.

ArcBest Corp (NASDAQ:ARCB) last released its quarterly earnings results on Friday, May 5th. The transportation company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.11. ArcBest Corp had a return on equity of 4.15% and a net margin of 0.69%. The firm had revenue of $651.10 million for the quarter, compared to analyst estimates of $659.29 million. During the same quarter last year, the company earned ($0.23) earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts predict that ArcBest Corp will post $1.20 earnings per share for the current fiscal year. The company also recently declared a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Tuesday, May 16th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, May 12th. ArcBest Corp’s dividend payout ratio (DPR) is 45.71%.

ArcBest Corp (NASDAQ:ARCB) last released its quarterly earnings results on Friday, May 5th. The transportation company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.11. ArcBest Corp had a return on equity of 4.15% and a net margin of 0.69%. The firm had revenue of $651.10 million for the quarter, compared to analyst estimates of $659.29 million. During the same quarter last year, the company earned ($0.23) earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts predict that ArcBest Corp will post $1.20 earnings per share for the current fiscal year. About ArcBest Corp

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ARCB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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