ArcBest Corporation (NASDAQ:ARCB) is expected to pay $0.08 on Nov 29, 2016. The indicated annual dividend is $0.32. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on ArcBest Corporation’s current price of $24.20, the dividend is 0.33%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 2, 2016. The stock increased 2.11% or $0.5 during the last trading session, hitting $24.2. ArcBest Corp (NASDAQ:ARCB) has risen 21.24% since April 7, 2016 and is uptrending. It has outperformed by 16.46% the S&P500.
ArcBest Corporation is a holding company of businesses providing freight transportation services and logistics solutions. The company has a market cap of $659.31 million. The Firm operates through five divisions: Freight Transportation segment, Premium Logistics (Panther), Transportation Management (ABF Logistics), Emergency & Preventative Maintenance (FleetNet) and Household Goods Moving Services (ABF Moving). It has a 29.03 P/E ratio. ABF Freight provides interstate and intrastate direct service to over 48,000 communities through over 250 service centers in over 50 states of the United States, Canada and Puerto Rico.
ArcBest Corp (NASDAQ:ARCB) Ratings Coverage
Out of 7 analysts covering Arcbest Corporation (NASDAQ:ARCB), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Arcbest Corporation has been the topic of 20 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, January 7 by Stephens. The rating was maintained by Deutsche Bank on Tuesday, November 3 with “Hold”. The stock has “Hold” rating given by Deutsche Bank on Wednesday, August 5. Stifel Nicolaus upgraded ArcBest Corp (NASDAQ:ARCB) on Thursday, February 4 to “Buy” rating. The rating was downgraded by Bank of America on Wednesday, December 2 to “Underperform”. The rating was maintained by Bank of America on Monday, February 22 with “Underperform”. Cowen & Co maintained it with “Outperform” rating and $25 target price in Friday, November 4 report. The stock of ArcBest Corp (NASDAQ:ARCB) earned “Neutral” rating by Citigroup on Thursday, February 4. Bank of America upgraded the stock to “Neutral” rating in Friday, November 4 report. The firm has “Neutral” rating given on Monday, July 11 by Citigroup.
More notable recent ArcBest Corp (NASDAQ:ARCB) news were published by: Prnewswire.com which released: “ArcBest Corporation® to Implement New Corporate Structure to Better Serve …” on November 03, 2016, also Prnewswire.com with their article: “ArcBest Corporation® Board Director to Retire, Two New Members Added” published on October 31, 2016, Streetinsider.com published: “Form 3 ARCBEST CORP /DE/ For: Nov 01 Filed by: CONRADO EDUARDO F” on November 08, 2016. More interesting news about ArcBest Corp (NASDAQ:ARCB) were released by: Prnewswire.com and their article: “ArcBest Corporation® Announces Its Third Quarter 2016 Earnings Conference Call” published on October 04, 2016 as well as Reuters.com‘s news article titled: “BRIEF-ArcBest Corp’s board director to retire, two new members added” with publication date: October 31, 2016.
ARCB Company Profile
ArcBest Corporation, incorporated on August 23, 1988, is a holding firm of businesses providing freight transportation services and logistics solutions. The Firm operates through five divisions: Freight Transportation (ABF Freight) segment, Premium Logistics (Panther), Transportation Management (ABF Logistics), Emergency & Preventative Maintenance (FleetNet) and Household Goods Moving Services (ABF Moving). The Company’s principal activities are conducted through ABF Freight segment, which consists of ABF Freight System, Inc. and certain other subsidiaries, including ABF Freight System (B.C.), Ltd., ABF Freight System Canada, Ltd., ABF Cartage, Inc. and Land-Marine Cargo, Inc.
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