ArcBest downgraded by Wells Fargo with a new price target
$ARCB
Trucking Freight/Courier Services
Industrials
Wells Fargo downgraded ArcBest from Overweight to Equal Weight and set a new price target of $112.00 from $122.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | $131.00 → $114.00 | Buy → Hold | TD Cowen |
| 10/9/2024 | $111.00 | Neutral | Citigroup |
| 10/9/2024 | Outperform → Peer Perform | Wolfe Research | |
| 9/5/2024 | $136.00 → $131.00 | Buy | TD Cowen |
| 9/4/2024 | $122.00 → $112.00 | Overweight → Equal Weight | Wells Fargo |
| 8/5/2024 | $148.00 → $136.00 | Buy | TD Cowen |
| 7/9/2024 | $145.00 → $127.00 | Overweight → Neutral | JP Morgan |
| 6/7/2024 | $140.00 | Overweight | Wells Fargo |
ArcBest® (NASDAQ:ARCB) will announce its fourth quarter 2024 financial results before the market opens on Friday, January 31, 2025. A conference call with company executives will be held that day at 9:30 a.m. EST (8:30 a.m. CST) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 7688695. Following the call, a recorded playback will be available through the end of the day on February 14, 2025. To listen to the playback, dial (800) 770-2030. The conference ID for the playback is 7688695. The call is being webcast and can be accessed live on ArcBest's website at arcb.com. ABOUT ARCBEST ArcBest® (NASDAQ:ARCB) i
Continued focus on cost control initiatives to mitigate headwinds from challenging freight environment Productivity gains from technology, training, and network design Service improvements, including Mastio recognizing ABF for exceeding the industry benchmark on service ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today reported third quarter 2024 revenue of $1.06 billion, compared to $1.13 billion in third quarter 2023. Net income was $100.3 million, or $4.23 per diluted share, including a $69.1 million after-tax benefit from the reduction in the fair value of contingent consideration related to a 2021 acquisition, compared to $34.9 million, or $1.42 per diluted share
The Board of Directors of ArcBest® (NASDAQ:ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on November 13, 2024, payable on November 27, 2024. ABOUT ARCBEST ArcBest® (NASDAQ:ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 15,000 employees across 250 campuses and service centers, the company is a logistics powerhouse, using its technology, expertise and scale to connect shippers with the solutions they need — from ground, air and ocean transportation to fully managed supply chains. ArcBest has a long history of in
TD Cowen downgraded ArcBest from Buy to Hold and set a new price target of $114.00 from $131.00 previously
Citigroup initiated coverage of ArcBest with a rating of Neutral and set a new price target of $111.00
Wolfe Research downgraded ArcBest from Outperform to Peer Perform
ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today announced leadership and organizational updates to advance the Company's strategic priorities and drive sustainable, long-term growth. The updates are effective February 1, 2025. "As customer supply chains continue to evolve and become increasingly complex, ArcBest keeps taking steps that ensure our customers have the right solutions and capacity to meet their needs," said Judy R. McReynolds, ArcBest chairman and CEO. "The leadership and organizational updates announced today reflect our commitment to continuous improvement and innovation. One of the top priorities of our executive team is to remain flexible and responsive
ArcBest® (NASDAQ:ARCB) will announce its fourth quarter 2024 financial results before the market opens on Friday, January 31, 2025. A conference call with company executives will be held that day at 9:30 a.m. EST (8:30 a.m. CST) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 7688695. Following the call, a recorded playback will be available through the end of the day on February 14, 2025. To listen to the playback, dial (800) 770-2030. The conference ID for the playback is 7688695. The call is being webcast and can be accessed live on ArcBest's website at arcb.com. ABOUT ARCBEST ArcBest® (NASDAQ:ARCB) i
Continued focus on cost control initiatives to mitigate headwinds from challenging freight environment Productivity gains from technology, training, and network design Service improvements, including Mastio recognizing ABF for exceeding the industry benchmark on service ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today reported third quarter 2024 revenue of $1.06 billion, compared to $1.13 billion in third quarter 2023. Net income was $100.3 million, or $4.23 per diluted share, including a $69.1 million after-tax benefit from the reduction in the fair value of contingent consideration related to a 2021 acquisition, compared to $34.9 million, or $1.42 per diluted share
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FORT SMITH, Ark., June 8, 2023 /PRNewswire/ -- ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today announced its Chief Yield Officer Danny Loe has decided to leave the company effective June 16 to explore other opportunities. "Danny has been instrumental in building an incredible yield team," said Judy R. McReynolds, ArcBest chairman, president and CEO. "Since joining ArcBest 26 years ago, Danny has played a key role in many of the initiatives that position ArcBest as a leading logistics company. We thank Danny for his contributions and wish him all the best." "I
FORT SMITH, Ark., Feb. 2, 2023 /PRNewswire/ -- ArcBest® (NASDAQ:ARCB), a leading logistics company with creative problem solvers who deliver innovative solutions, today announced that a new member has been added to the ArcBest Board of Directors. The new director is Salvatore A. Abbate, whose term began January 30. The appointment of Abbate to the board fills the vacancy from Steve Gorman's departure in August 2022, returning the total ArcBest board membership to 9. Abbate, 54, is chief executive officer of Veritiv Corporation (NYSE:VRTV), a position he has held since October
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