B. Riley Weighs in on ARC Document Solutions’ Q3 2018 Earnings (NYSE:ARC)

ARC Document Solutions (NYSE:ARC) – Research analysts at B. Riley upped their Q3 2018 earnings per share (EPS) estimates for ARC Document Solutions in a research report issued on Wednesday, May 2nd, according to Zacks Investment Research. B. Riley analyst J. Nichols now forecasts that the business services provider will post earnings per share of $0.03 for the quarter, up from their previous forecast of $0.02. B. Riley also issued estimates for ARC Document Solutions’ FY2019 earnings at $0.10 EPS.

Separately, Zacks Investment Research lowered shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. ARC Document Solutions presently has a consensus rating of “Hold” and a consensus target price of $4.00.

Shares of ARC traded down $0.02 during mid-day trading on Thursday, reaching $2.11. 145,366 shares of the stock traded hands, compared to its average volume of 118,359. The firm has a market capitalization of $96.41 million, a P/E ratio of 14.07 and a beta of 2.07. ARC Document Solutions has a 12-month low of $2.04 and a 12-month high of $4.84. The company has a quick ratio of 1.27, a current ratio of 1.57 and a debt-to-equity ratio of 0.85.

ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings data on Tuesday, May 1st. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $97.71 million for the quarter, compared to analysts’ expectations of $96.19 million. ARC Document Solutions had a negative net margin of 5.76% and a positive return on equity of 3.68%.

Several hedge funds have recently added to or reduced their stakes in ARC. California Public Employees Retirement System boosted its holdings in ARC Document Solutions by 91.5% in the first quarter. California Public Employees Retirement System now owns 65,893 shares of the business services provider’s stock worth $145,000 after purchasing an additional 31,493 shares during the period. Wells Fargo & Company MN boosted its holdings in ARC Document Solutions by 94.1% in the fourth quarter. Wells Fargo & Company MN now owns 66,971 shares of the business services provider’s stock worth $171,000 after purchasing an additional 32,463 shares during the period. Shepherd Kaplan Krochuk LLC boosted its holdings in ARC Document Solutions by 188.8% in the first quarter. Shepherd Kaplan Krochuk LLC now owns 75,100 shares of the business services provider’s stock worth $165,000 after purchasing an additional 49,100 shares during the period. Deutsche Bank AG boosted its holdings in ARC Document Solutions by 91.6% in the fourth quarter. Deutsche Bank AG now owns 89,278 shares of the business services provider’s stock worth $226,000 after purchasing an additional 42,680 shares during the period. Finally, Mackay Shields LLC acquired a new position in ARC Document Solutions in the first quarter worth $213,000. 69.52% of the stock is owned by institutional investors and hedge funds.

In other news, insider Rahul K. Roy sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $2.45, for a total transaction of $25,725.00. Following the completion of the sale, the insider now owns 137,753 shares of the company’s stock, valued at $337,494.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director De La Mesa Manuel J. Perez purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were bought at an average cost of $2.35 per share, with a total value of $47,000.00. Following the transaction, the director now directly owns 60,378 shares of the company’s stock, valued at approximately $141,888.30. The disclosure for this purchase can be found here. 15.57% of the stock is currently owned by company insiders.

ARC Document Solutions Company Profile

ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and operates 175 offsite service centers, which offers managed print service customers with the flexibility and overflow capacity during peak workloads.

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