ArcBest (NASDAQ:ARCB) released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.03), Briefing.com reports. The firm had revenue of $771.50 million during the quarter, compared to the consensus estimate of $779.07 million. ArcBest had a net margin of 2.77% and a return on equity of 13.11%. ArcBest’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 earnings per share.
Shares of ArcBest stock opened at $27.20 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.40 and a current ratio of 1.38. ArcBest has a 52-week low of $24.68 and a 52-week high of $51.45. The stock has a market capitalization of $749.28 million, a price-to-earnings ratio of 8.27 and a beta of 2.02. The company’s 50 day moving average price is $27.57 and its 200-day moving average price is $30.56.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, August 8th. ArcBest’s dividend payout ratio (DPR) is presently 8.29%.
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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