According to Zacks, “ARC Document Solutions Inc. is a document solutions company providing business-to-business document management technology and services to the architectural, engineering and construction, or AEC industries. It also provides document management services to companies in non-AEC industries, such as technology, financial services, retail, entertainment, and food and hospitality. The Company provides services that include scanning, imaging, and managing black and white and color documents. ARC Document Solutions Inc., formerly known as American Reprographics Company, is headquartered in Walnut Creek, California. “
Separately, B. Riley restated a buy rating and set a $5.00 price objective on shares of ARC Document Solutions in a research report on Monday, August 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $7.70.
ARC Document Solutions (NYSE:ARC) opened at 3.60 on Tuesday. ARC Document Solutions has a 1-year low of $3.06 and a 1-year high of $6.77. The stock has a market cap of $165.63 million, a PE ratio of 5.63 and a beta of 2.16. The stock has a 50 day moving average price of $3.49 and a 200-day moving average price of $3.86.
ARC Document Solutions (NYSE:ARC) last posted its earnings results on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $103.80 million for the quarter, compared to the consensus estimate of $109.31 million. ARC Document Solutions had a return on equity of 7.66% and a net margin of 7.18%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. On average, equities analysts expect that ARC Document Solutions will post $0.25 EPS for the current year.
Large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in shares of ARC Document Solutions by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 574,720 shares of the company’s stock worth $2,235,000 after buying an additional 1,872 shares during the period. DIAM Co. Ltd. increased its stake in shares of ARC Document Solutions by 6.0% in the second quarter. DIAM Co. Ltd. now owns 105,200 shares of the company’s stock valued at $409,000 after buying an additional 6,000 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of ARC Document Solutions by 0.6% in the second quarter. BlackRock Fund Advisors now owns 1,070,069 shares of the company’s stock valued at $4,163,000 after buying an additional 6,892 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of ARC Document Solutions by 1.8% in the second quarter. BlackRock Advisors LLC now owns 550,927 shares of the company’s stock valued at $2,143,000 after buying an additional 9,747 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of ARC Document Solutions by 2.2% in the second quarter. North Star Investment Management Corp. now owns 464,725 shares of the company’s stock valued at $1,808,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 71.95% of the company’s stock.
ARC Document Solutions Company Profile
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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