ArcBest Corp (NASDAQ:ARCB) Plans Quarterly Dividend of $0.08

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ArcBest Corp (NASDAQ:ARCB) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.08 per share by the transportation company on Tuesday, November 26th. This represents a $0.32 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, November 8th.

Shares of ArcBest stock opened at $31.28 on Thursday. The company has a market cap of $800.57 million, a P/E ratio of 10.02 and a beta of 1.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.38 and a current ratio of 1.41. ArcBest has a one year low of $24.68 and a one year high of $42.38. The firm has a fifty day moving average of $29.90 and a two-hundred day moving average of $28.65.

ArcBest (NASDAQ:ARCB) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.15. The company had revenue of $787.56 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.49 EPS. As a group, equities analysts predict that ArcBest will post 2.6 earnings per share for the current year.

A number of brokerages have commented on ARCB. ValuEngine upgraded shares of ArcBest from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. BidaskClub upgraded shares of ArcBest from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. Citigroup cut their price objective on shares of ArcBest from $34.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Zacks Investment Research cut shares of ArcBest from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, TheStreet raised shares of ArcBest from a “c+” rating to a “b-” rating in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $35.13.

ArcBest Company Profile

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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Dividend History for ArcBest (NASDAQ:ARCB)

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