ArcBest (ARCB) Tops Q3 EPS by 32c, Revenues Beat
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ArcBest (ARCB) Declares $0.08 Quarterly Dividend; 0.9% Yield
October 30, 2018 11:33 AM EDTArcBest (NASDAQ: ARCB) declared a quarterly dividend of $0.08 per share, or $0.32 annualized.
The dividend will be payable on November 27, 2018, to stockholders of record on November 13, 2018, with an ex-dividend date of November 9, 2018.
The annual yield on the dividend is 0.9 percent.
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BofA/Merrill Lynch Downgrades ArcBest Corp (ARCB) to Underperform
October 30, 2018 6:09 AM EDTBofA/Merrill Lynch analyst Ken Hoexter downgraded ArcBest Corp (NASDAQ: ARCB) from Neutral to Underperform with a price target of $38.00 (from $50.00).
The analyst sees downside risk of the business cycle flips and suspects consensus expectations on earnings may be too optimistic
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