Q3 2024 EPS Estimates for ARC Document Solutions, Inc. (NYSE:ARC) Lowered by Analyst

ARC Document Solutions, Inc. (NYSE:ARC) – Investment analysts at Sidoti Csr cut their Q3 2024 earnings per share estimates for shares of ARC Document Solutions in a research note issued on Wednesday, May 8th. Sidoti Csr analyst G. Burns now anticipates that the business services provider will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.07. The consensus estimate for ARC Document Solutions’ current full-year earnings is $0.26 per share. Sidoti Csr also issued estimates for ARC Document Solutions’ FY2024 earnings at $0.24 EPS, Q2 2025 earnings at $0.08 EPS and FY2025 earnings at $0.31 EPS.

Separately, TheStreet lowered ARC Document Solutions from a “b-” rating to a “c” rating in a research report on Thursday, February 29th.

ARC Document Solutions Stock Performance

ARC Document Solutions stock opened at $2.75 on Thursday. The stock’s 50 day moving average price is $2.67 and its 200 day moving average price is $2.83. The firm has a market capitalization of $118.49 million, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.86 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.40 and a current ratio of 1.53. ARC Document Solutions has a one year low of $2.56 and a one year high of $3.68.

ARC Document Solutions (NYSE:ARC) last released its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $68.88 million for the quarter, compared to analyst estimates of $68.30 million. ARC Document Solutions had a return on equity of 7.49% and a net margin of 2.93%.

ARC Document Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, July 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 7.29%. The ex-dividend date is Wednesday, July 31st. ARC Document Solutions’s dividend payout ratio is currently 111.11%.

Institutional Investors Weigh In On ARC Document Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC raised its position in shares of ARC Document Solutions by 8.2% during the 1st quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock valued at $622,000 after acquiring an additional 16,975 shares in the last quarter. North Star Investment Management Corp. raised its position in shares of ARC Document Solutions by 36.5% during the 1st quarter. North Star Investment Management Corp. now owns 1,494,828 shares of the business services provider’s stock valued at $4,141,000 after acquiring an additional 400,000 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of ARC Document Solutions by 43.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 53,125 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 16,167 shares in the last quarter. Mirador Capital Partners LP raised its position in shares of ARC Document Solutions by 3.0% during the 1st quarter. Mirador Capital Partners LP now owns 400,151 shares of the business services provider’s stock valued at $1,108,000 after acquiring an additional 11,519 shares in the last quarter. Finally, JB Capital Partners LP raised its position in shares of ARC Document Solutions by 2.6% during the 4th quarter. JB Capital Partners LP now owns 969,700 shares of the business services provider’s stock valued at $3,181,000 after acquiring an additional 25,000 shares in the last quarter. 48.93% of the stock is owned by institutional investors and hedge funds.

About ARC Document Solutions

ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.