ARC Document Solutions Inc to Post FY2018 Earnings of $0.17 Per Share, B. Riley Forecasts (ARC)

ARC Document Solutions Inc (NYSE:ARC) – Research analysts at B. Riley lifted their FY2018 earnings per share (EPS) estimates for ARC Document Solutions in a report issued on Thursday, November 8th. B. Riley analyst J. Nichols now anticipates that the business services provider will post earnings per share of $0.17 for the year, up from their previous forecast of $0.14. B. Riley currently has a “Buy” rating and a $3.50 target price on the stock. B. Riley also issued estimates for ARC Document Solutions’ Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.02 EPS and FY2019 earnings at $0.18 EPS.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of ARC Document Solutions from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Thursday, October 11th. ValuEngine cut shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.

Shares of NYSE ARC opened at $2.84 on Friday. The company has a market cap of $104.59 million, a P/E ratio of 18.93 and a beta of 2.08. The company has a quick ratio of 1.24, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. ARC Document Solutions has a 52-week low of $1.62 and a 52-week high of $3.59.

Institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new position in shares of ARC Document Solutions in the third quarter valued at approximately $120,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of ARC Document Solutions by 146.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 43,862 shares of the business services provider’s stock valued at $125,000 after buying an additional 26,054 shares during the period. California Public Employees Retirement System boosted its holdings in shares of ARC Document Solutions by 91.5% in the first quarter. California Public Employees Retirement System now owns 65,893 shares of the business services provider’s stock valued at $145,000 after buying an additional 31,493 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of ARC Document Solutions by 180.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,300 shares of the business services provider’s stock valued at $155,000 after buying an additional 56,200 shares during the period. Finally, LMR Partners LLP acquired a new position in shares of ARC Document Solutions in the second quarter valued at approximately $219,000. Institutional investors own 61.20% of the company’s stock.

ARC Document Solutions Company Profile

ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and operates 175 offsite service centers, which offers managed print service customers with the flexibility and overflow capacity during peak workloads.

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Earnings History and Estimates for ARC Document Solutions (NYSE:ARC)

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