ArcBest Corp (NASDAQ:ARCB) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, November 8th.
Shares of ARCB stock traded down $0.43 during trading hours on Wednesday, hitting $31.18. 6,795 shares of the company were exchanged, compared to its average volume of 175,465. The firm has a fifty day simple moving average of $29.89 and a 200 day simple moving average of $28.66. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.39. ArcBest has a 52-week low of $24.68 and a 52-week high of $42.38. The stock has a market capitalization of $753.87 million, a price-to-earnings ratio of 8.11 and a beta of 1.99.
ArcBest (NASDAQ:ARCB) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.15. ArcBest had a net margin of 2.00% and a return on equity of 11.27%. The company had revenue of $787.56 million during the quarter, compared to analyst estimates of $797.16 million. During the same quarter last year, the business posted $1.49 EPS. ArcBest’s quarterly revenue was down 4.7% compared to the same quarter last year. Sell-side analysts anticipate that ArcBest will post 2.6 EPS for the current year.
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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