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

ARC Document Solutions, Inc. (NYSE:ARC) – Sidoti Csr reduced their Q3 2024 earnings per share (EPS) estimates for shares of ARC Document Solutions in a note issued to investors 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 previous forecast 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.

ARC Document Solutions (NYSE:ARC) last issued its 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 business had revenue of $68.88 million for the quarter, compared to the consensus estimate of $68.30 million. ARC Document Solutions had a net margin of 2.93% and a return on equity of 7.49%.

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

ARC Document Solutions Stock Performance

Shares of ARC Document Solutions stock opened at $2.75 on Thursday. The firm has a fifty day moving average of $2.67 and a two-hundred day moving average of $2.83. The stock has a market capitalization of $118.49 million, a price-to-earnings ratio of 15.25, a PEG ratio of 0.86 and a beta of 1.21. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.68. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, July 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis 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 Trading of ARC Document Solutions

A number of large investors have recently made changes to their positions in the company. North Star Investment Management Corp. increased its holdings in 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 worth $4,141,000 after purchasing an additional 400,000 shares in the last quarter. Thompson Davis & CO. Inc. increased its holdings in ARC Document Solutions by 28.6% during the 4th quarter. Thompson Davis & CO. Inc. now owns 556,585 shares of the business services provider’s stock worth $1,826,000 after purchasing an additional 123,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of ARC Document Solutions by 252.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,942 shares of the business services provider’s stock worth $168,000 after buying an additional 37,925 shares during the last quarter. JB Capital Partners LP boosted its stake 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 worth $3,181,000 after buying an additional 25,000 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of ARC Document Solutions during the 4th quarter worth about $82,000. Institutional investors own 48.93% of the company’s stock.

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.