ARC Group WorldWide Inc (ARCW) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $-0.01 EPS for the quarter. Analysts had a consensus estimate of $-0.01. The company posted revenue of $26.50 million in the period, compared to analysts expectations of $26.06 million. The company’s revenue was down -5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on ARC Group WorldWide Inc. Shares were Reiterated by Imperial Capital on Feb 11, 2016 to “In-line” and Lowered the Price Target to $ 3 from a previous price target of $5 .
ARC Group WorldWide Inc closed down -0.02 points or -0.89% at $2.23 with 35,369 shares getting traded on Monday. Post opening the session at $2.21, the shares hit an intraday low of $2.2 and an intraday high of $2.32 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 10, 2015, Jason Taney Young (CEO) purchased 17,671 shares at $5.66 per share price. According to the SEC, on Apr 6, 2015, Drew M. Kelley (CFO) purchased 20,000 shares at $5.00 per share price.
ARC Group Worldwide Inc. is a manufacturing company. The Company operates through four segments: Precision Components Group 3DMT Group Flanges and Fittings Group and Wireless Group. The Precision Components Group companies provide fabricated metal components using processes consisting of metal injection molding precision metal stamping and hermetic sealing. The 3DMT Group accelerates speed-to-market through rapid prototyping short-run production and rapid tooling. The 3DMT Group consists of the tooling product line 3D Material Technologies (Additive Manufacturing operations) and Advance Tooling Concepts LLC. The Flange and Fittings Group consists of General Flange and Forge which provide custom machining solutions and special flange facings. The Wireless Group focuses on wireless broadband technology related to propagation and optimization. The Wireless Group designs and develops hardware including antennas radios and related accessories.