ArcBest Corporation (NASDAQ:ARCB) Given Price Target Of $20


As per ArcBest Corporation (NASDAQ:ARCB)’s news release on 2016-07-28, its shareholders will get cash dividend of $0.08 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-11 and 2016-08-25, respectively.

The stock will commence trading ex-dividend from 2016-08-09, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year ArcBest Corporation (NASDAQ:ARCB) disbursed $0.08 in dividend compared to distribution of $0.08, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 73.3333%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated ArcBest Corporation (NASDAQ:ARCB) to attain a price target of $20. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $24. The low price range is set at $17 for next year while the arithmetic mean is seen at 2.57.

Eyeing Earnings ArcBest Corporation (NASDAQ:ARCB) is likely to post quarterly numbers around 2016-11-04 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.48 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, ArcBest Corporation (NASDAQ:ARCB) earnings came at $0.38 suggesting a deviation of $-0.03. The brokerages targeted EPS of $0.41 for the quarter.

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