ARC Document Solutions, Inc. (ARC) Releases FY17 Earnings Guidance

ARC Document Solutions, Inc. (NYSE:ARC) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.24-0.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.22.

Shares of ARC Document Solutions, Inc. (NYSE ARC) traded down 4.09% during midday trading on Friday, hitting $3.52. 139,579 shares of the stock were exchanged. The firm’s 50 day moving average price is $3.96 and its 200-day moving average price is $3.96. The stock has a market cap of $163.47 million, a P/E ratio of 14.79 and a beta of 2.50. ARC Document Solutions, Inc. has a 52-week low of $3.06 and a 52-week high of $5.55.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $102.30 million during the quarter, compared to the consensus estimate of $100.74 million. ARC Document Solutions had a return on equity of 7.00% and a net margin of 2.72%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. On average, equities research analysts expect that ARC Document Solutions, Inc. will post $0.22 earnings per share for the current fiscal year.

ARC has been the topic of a number of research analyst reports. B. Riley reissued a buy rating and issued a $5.25 price target on shares of ARC Document Solutions in a report on Sunday, August 6th. TheStreet raised ARC Document Solutions from a d+ rating to a c rating in a report on Tuesday, August 1st. Finally, Raymond James Financial, Inc. raised ARC Document Solutions from an outperform rating to a strong-buy rating in a report on Thursday, July 6th.

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About ARC Document Solutions

ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.

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