ArcBest Co. (NASDAQ:ARCB – Get Free Report) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Stockholders of record on Tuesday, August 13th will be paid a dividend of 0.12 per share by the transportation company on Tuesday, August 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Tuesday, August 13th.
ArcBest has increased its dividend by an average of 14.5% per year over the last three years. ArcBest has a payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ArcBest to earn $10.89 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 4.4%.
ArcBest Trading Down 1.1 %
Shares of NASDAQ ARCB traded down $1.41 during midday trading on Wednesday, reaching $122.91. The stock had a trading volume of 5,515 shares, compared to its average volume of 298,577. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.23 and a current ratio of 1.23. ArcBest has a twelve month low of $86.93 and a twelve month high of $153.60. The company’s 50 day moving average price is $109.94 and its 200 day moving average price is $124.41. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 0.98 and a beta of 1.48.
Analysts Set New Price Targets
A number of analysts have commented on the stock. UBS Group decreased their price target on shares of ArcBest from $150.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. The Goldman Sachs Group upped their target price on shares of ArcBest from $133.00 to $149.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Morgan Stanley reduced their target price on shares of ArcBest from $180.00 to $176.00 and set an “overweight” rating for the company in a research note on Monday, July 8th. Stifel Nicolaus reduced their target price on shares of ArcBest from $159.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Bank of America upped their target price on shares of ArcBest from $110.00 to $112.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.85.
View Our Latest Report on ArcBest
About ArcBest
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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