ARC Document Solutions (NYSE:ARC) Updates FY 2019 Earnings Guidance

ARC Document Solutions (NYSE:ARC) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.14-0.18 for the period.

Separately, ValuEngine raised shares of ARC Document Solutions from a sell rating to a hold rating in a research note on Thursday, August 1st.

Shares of NYSE ARC traded up $0.09 during trading on Tuesday, reaching $1.91. The company had a trading volume of 79,024 shares, compared to its average volume of 135,271. ARC Document Solutions has a 52 week low of $1.76 and a 52 week high of $3.59. The stock has a market cap of $87.45 million, a PE ratio of 10.05 and a beta of 1.88. The company has a current ratio of 1.23, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $1.97.

ARC Document Solutions (NYSE:ARC) last announced its earnings results on Monday, May 6th. The business services provider reported $0.01 earnings per share for the quarter. ARC Document Solutions had a net margin of 2.21% and a return on equity of 5.96%. The company had revenue of $97.12 million during the quarter. As a group, equities analysts expect that ARC Document Solutions will post 0.2 EPS for the current year.

About ARC Document Solutions

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; construction document and information management services, which consists of professional services to manage and distribute documents and information primarily related to construction projects; and archive and information management services that combines software and professional services to facilitate the capture, management, access, and retrieval of documents and information that have been produced in the past.

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