It is Poised to be a Bull Market for ArcBest Corp (ARCB)

With 0.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.34 million shares. During the session, the Trucking company that operates in wider Industrials sector, reached to the highest price of $112.1299 whereas the lowest price it dropped to was $106.435. The 52-week range on ARCB shows that it touched its highest point at $153.60 and its lowest point at $84.54 during that stretch. It currently has a 1-year price target of $142.08. With its current market cap of 2.57 billion, ARCB has annualized dividend of $0.48 while the current yield stands at 0.44%. Beta for the stock currently stands at 1.49.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARCB was up-trending over the past week, with a rise of 6.72%, but this was down by -5.11% over a month. Three-month performance dropped to -19.22% while six-month performance rose 2.02%. The stock gained 24.91% in the past year, while it has lost -8.63% so far this year. A look at the trailing 12-month EPS for ARCB yields 4.90 with Next year EPS estimates of 11.13. For the next quarter, that number is 2.15. This implies an EPS growth rate of 8.10% for this year and 30.63% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 33.81%.

Float and Shares Shorts:

At present, 23.56 million ARCB shares are outstanding with a float of 22.96 million shares on hand for trading. On 2024-05-15, short shares totaled 1.34 million, which was 569.99996 higher than short shares on 1713139200. In addition to Ms. Judy R. McReynolds as the firm’s Chairman, President & CEO, Mr. J. Matthew Beasley serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 1.02434 of ARCB’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, ARCB reported revenue of $1036419000.0 and operating income of $29755000.0. The EBITDA in the recently reported quarter was $41704000.0 and diluted EPS was -$0.1.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARCB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.