La catena delle opzioni mostra i dati chiave delle opzioni azionarie di ArcBest a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per ArcBest..

ArcBest (NASDAQ:ARCB) Azioni, Catena delle Opzioni

ArcBest

ArcBest Corp is engaged in logistics operations. The company operates in two operating segments, The Asset-Based segment includes the results of operations of ABF Freight System, Inc. and certain other subsidiaries. The segment operations include national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed LTL services. The services including freight transportation related to managed transportation solutions and other services. The Asset-Light segment includes the results of operations of the Company's service offerings in truckload, ground expedite, dedicated, intermodal, household goods moving, managed transportation, warehousing and distribution, and international freight transportation for air, ocean, and ground.

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Scopri le ultime mosse degli insider su Coupang, Comstock e ArcBest: chi compra e perché questi titoli sono interessanti.

Insider trading: le società sulla lista della spesa

ArcBest Corp

Arcblock - United States Dollar

UBS analyst Thomas Wadewitz maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Neutral and lowers the price target from $111 to $110.

Price Target

Analyst Ratings

UBS Maintains Neutral on ArcBest, Lowers Price Target to $110

JP Morgan analyst Brian Ossenbeck maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Neutral and lowers the price target from $130 to $117.

JP Morgan Maintains Neutral on ArcBest, Lowers Price Target to $117

Wells Fargo analyst Christian Wetherbee maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Equal-Weight and lowers the price target from $112 to $105.

Wells Fargo Maintains Equal-Weight on ArcBest, Lowers Price Target to $105

Morgan Stanley analyst Ravi Shanker maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Overweight and lowers the price target from $175 to $170.

Morgan Stanley Maintains Overweight on ArcBest, Lowers Price Target to $170

ArcBest Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) shares are trading lower after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41678433/arcbest-announces-third-quarter-2024-results" rel="noreferrer noopener">worse-than-expected third-quarter 2024 results</a>.
The company reported a third-quarter revenue decline of 5.8% year over year to $1.06 billion, missing the consensus of $1.07 billion.
Sales by segments: Asset-Based $707.7 million (per-day decrease of 5.8%), and Asset-Light $385.3 million (per-day decrease of 9.6%).
Asset-based business total tonnage per day decreased by 11.3%, and total shipments per day fell by 0.7% Y/Y.
Pricing momentum continued in the quarter, driven by a 5.9% general rate increase on Sept. 9, and contract renewal increases of 4.6%. Overall, LTL industry pricing remains rational.
Meanwhile, Asset-Light revenues fell due to lower shipment rates and a higher mix of smaller managed transportation shipments. Shipments per day dipped, but productivity rose, with shipments per employee up 19.5% year over year. Soft freight and excess capacity continue to weigh on results.
Adjusted EBITDA from continuing operations declined to $86.404 million from $101.59 million a year ago.
Adjusted EPS was $1.64 compared to $2.31 a year ago, missing the consensus of $1.83.
ArcBest's operating cash flow for the nine months totaled $229.05 million, compared to $194.76 million a year ago. The company held cash and equivalents of $150.46 million as of the end of September.
"Over the past year, we have made substantial strides in controlling costs, improving productivity, and enhancing our service quality. These efforts contributed to ABF once again being recognized by Mastio for exceeding the industry benchmark for service," said Judy R. McReynolds, ArcBest chairman and CEO
Price Action: ARCB shares traded lower by 5.22% at $98.96 premarket at the last check Friday.
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Photo: Pixabay

Earnings

ArcBest Shares Fall On Q3 Revenue Miss, Productivity Gains Can't Offset Shipment Decline

ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) reported quarterly earnings of $1.64 per share which missed the analyst consensus estimate of $1.83 by 10.38 percent. This is a 29 percent decrease over earnings of $2.31 per share from the same period last year. The company reported quarterly sales of $1.06 billion which missed the analyst consensus estimate of $1.07 billion by 0.54 percent. This is a 5.76 percent decrease over sales of $1.13 billion the same period last year.

Earnings Misses

ArcBest Q3 2024 Adj EPS $1.64 Misses $1.83 Estimate, Sales $1.06B Miss $1.07B Estimate

Stifel analyst J. Bruce Chan maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy and lowers the price target from $131 to $119.

Stifel Maintains Buy on ArcBest, Lowers Price Target to $119

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Evercore ISI Group raised JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) price target from $217 to $230. Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating. JPMorgan shares closed at $222.29 on Friday. <a href="https://www.benzinga.com/quote/jpm/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital cut the price target for Nurix Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIX#NASDAQ">NRIX</a>) from $27 to $26. RBC Capital analyst Gregory Renza maintained an Outperform rating. Nurix Therapeutics shares closed at $23.63 on Friday. <a href="https://www.benzinga.com/quote/nrix/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised the price target for V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) from $21 to $25. Stifel analyst Jim Duffy maintained a Buy rating. V.F. Corporation shares closed at $20.33 on Friday. <a href="https://www.benzinga.com/quote/vfc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush raised Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) price target from $25 to $45. Wedbush analyst David Chiaverini upgraded the stock from Underperform to Neutral. Affirm shares closed at $47.08 on Friday. <a href="https://www.benzinga.com/quote/afrm/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) price target from $13 to $11. Stifel analyst Mark Kelley maintained a Hold rating. Snap shares closed at $11.13 on Friday. <a href="https://www.benzinga.com/quote/snap/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group raised Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) price target from $68 to $71. Evercore ISI Group analyst John Pancari maintained an Outperform rating. Wells Fargo shares closed at $60.99 on Friday. <a href="https://www.benzinga.com/quote/wfc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JMP Securities raised the price target for Benitec Biopharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTC#NASDAQ">BNTC</a>) from $16 to $18. JMP Securities analyst Silvan Tuerkcan maintained a Market Outperform rating. Benitec Biopharma settled at $10.86 on Friday. <a href="https://www.benzinga.com/quote/bntc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) price target from $147 to $179. Piper Sandler analyst Peter Keith maintained an Overweight rating. Boot Barn shares closed at $159.36 on Friday. <a href="https://www.benzinga.com/quote/boot/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird raised the price target for Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) from $67 to $80. Baird analyst David Manthey maintained a Neutral rating. Fastenal shares closed at $76.82 on Friday. <a href="https://www.benzinga.com/quote/fast/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen cut ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) price target from $131 to $114. TD Cowen analyst Jason Seidl downgraded the stock from Buy to Hold. ArcBest shares rose 1.4% to close at $105.95 on Friday. <a href="https://www.benzinga.com/quote/arcb/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying WFC stock? Here&#8217;s what analysts think:

AFRM

BNTC

BOOT

FAST

NRIX

SNAP

Wells Fargo To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Monday

TD Cowen analyst Jason Seidl downgrades ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) from Buy to Hold and lowers the price target from $131 to $114.

Downgrades

TD Cowen Downgrades ArcBest to Hold, Lowers Price Target to $114

Jefferies analyst Stephanie Moore maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy and lowers the price target from $140 to $130.

Jefferies Maintains Buy on ArcBest, Lowers Price Target to $130

Goldman Sachs analyst Jordan Alliger maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Neutral and lowers the price target from $133 to $125.

Goldman Sachs Maintains Neutral on ArcBest, Lowers Price Target to $125

Wolfe Research analyst Scott Group downgrades ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) from Outperform to Peer Perform.

Wolfe Research Downgrades ArcBest to Peer Perform

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c2edb9b85e930001ba5412/robert-drbul">Guggenheim analyst Robert Drbul</a> initiated coverage on Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) with a Buy rating and announced a price target of $182. Crocs shares fell 0.7% to close at $135.61 on Tuesday. <a href="https://www.benzinga.com/quote/CROX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst John Coffey initiated coverage on Shift4 Payments, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) with an Overweight rating and announced a price target of $120. Shift4 Payments shares gained 1.3% to close at $91.94 on Tuesday. <a href="https://www.benzinga.com/quote/FOUR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Ariel Rosa initiated coverage on ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Neutral rating and announced a price target of $111. ArcBest shares gained 1.6% to close at $102.68 on Tuesday. <a href="https://www.benzinga.com/quote/ARCB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank analyst Matt Niknam initiated coverage on Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) with a Hold rating and announced a price target of $22. Hewlett Packard shares gained 0.5% to close at $20.97 on Tuesday. <a href="https://www.benzinga.com/quote/HPE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen analyst Bill Kerr initiated coverage on Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) with a Buy rating and announced a price target of $38. Chewy shares closed at $29.52 on Tuesday. <a href="https://www.benzinga.com/quote/CHWY/analyst-ratings">See how other analysts view this stock</a>.</li>
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<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09093216/image-63-1024x519.png" alt="" class="wp-image-587724" style="width:671px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09093216/image-63-1024x519.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09093216/image-63-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09093216/image-63-768x389.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09093216/image-63.png 1322w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Initiation

CHWY

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This Chewy Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

Citigroup analyst Ariel Rosa initiates coverage on ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Neutral rating and announces Price Target of $111.

Citigroup Initiates Coverage On ArcBest with Neutral Rating, Announces Price Target of $111

JP Morgan analyst Brian Ossenbeck maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Neutral and lowers the price target from $134 to $133.

JP Morgan Maintains Neutral on ArcBest, Lowers Price Target to $133

TD Cowen analyst Jason Seidl maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy and lowers the price target from $136 to $131.

TD Cowen Maintains Buy on ArcBest, Lowers Price Target to $131

Stephens &amp; Co. analyst Daniel Imbro reiterates ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Overweight and maintains $130 price target.

Reiteration

Stephens & Co. Reiterates Overweight on ArcBest, Maintains $130 Price Target

Wells Fargo analyst Christian Wetherbee downgrades ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) from Overweight to Equal-Weight and lowers the price target from $122 to $112.

Wells Fargo Downgrades ArcBest to Equal-Weight, Lowers Price Target to $112

B of A Securities analyst Ken Hoexter maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Underperform and lowers the price target from $102 to $99.

B of A Securities Maintains Underperform on ArcBest, Lowers Price Target to $99

Although U.S. stocks closed mixed on Monday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Coupang</h3>
<ul>
<li>The Trade: Coupang, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NASDAQ">CPNG</a>) Director Neil Mehta <a href="https://www.benzinga.com/quote/CPNG/analyst-ratings">acquired a total of 950,000 shares </a> at an average price of $22.34. To acquire these shares, it cost around $21.2 million.</li>
<li>What's Happening: On Aug. 6, Coupang reported better-than-expected second-quarter adjusted EPS results.</li>
<li>What Coupang Does: Coupang Inc is an e-commerce company. It sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products.</li>
</ul>
<h3 class="wp-block-heading">Comstock Resources</h3>
<ul>
<li>The Trade: Comstock Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) 10% owner Jerral W. Jones acquired a total of 2,633,634 shares at an average price of $9.79. To acquire these shares, it cost around $25.8 million.</li>
<li>What's Happening: On July 30, Comstock Resources posted worse-than-expected second-quarter financial results.</li>
<li>What Comstock Resources Does: Comstock Resources Inc is an independent energy company operating in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets.</li>
</ul>
<h3 class="wp-block-heading">ArcBest</h3>
<ul>
<li>The Trade: ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) Director Salvatore A Abbate <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 1,000 share</a>s at an average price of $103.93. To acquire these shares, it cost around $103,930.</li>
<li>What's Happening: On Aug. 2, ArcBest reported worse-than-expected second-quarter adjusted EPS results.</li>
<li>What ArcBest Does: ArcBest Corp is engaged in logistics operations. The company operates in two operating segments, The Asset-Based segment includes the results of operations of ABF Freight System, Inc. and certain other subsidiaries.</li>
</ul>
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$21M Bet On Coupang? Check Out These 3 Stocks Insiders Are Buying

ArcBest falls short of earnings expectations amid challenging freight environment

The freight and logistics industry is booming thanks to the growing demand, substantial infrastructure investments, and trade growth. Thus, quality trucking freight stocks Old Dominion Freight Line (ODFL), C.H. Robinson Worldwide (CHRW), and ArcBest (ARCB) could be ideal watchlist additions for now. Read more... The freight and logistics market is set for a rebound propelled by the expanding commercial activities globally. Also, easy access and convenience through digital technologies are fueling worldwide consumption and demand.
Considering the industry's bright outlook, it could be wise to watch fundamentally sound trucking freight stocks Old Dominion Freight Line, Inc. (<a href="https://stocknews.com/stock/ODFL/">ODFL</a>), C.H. Robinson Worldwide, Inc. (<a href="https://stocknews.com/stock/CHRW/">CHRW</a>), and ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>) with strengthening global trade trends.
After a slump in 2023 owing to high inflation and rising interest rates, global trade is experiencing an uptrend in 2024. During the first quarter, the <a href="https://unctad.org/news/global-trade-resumes-growth-first-quarter-2024#:~:text=The%20report%20expects%20the%20increase,the%20second%20half%20of%202023.">value of trade in goods increased</a> by around 1% quarter-over-quarter, and services grew by 1.5%. The growth was accelerated by positive trade dynamics for the United States and some developing countries.
Also, in a recent update of <a href="https://www.wto.org/english/news_e/news24_e/stat_10oct24_e.htm#:~:text=In%20the%20October%202024%20update,the%20year%20and%20in%202025.">Global Trade Outlook and Statistics</a>, WTO economists noted global merchandise trade growth of 2.3% year-on-year in the first half of 2024 and expect moderate expansion ahead in the year and in 2025.
Despite lingering geopolitical tensions and increased economic policy uncertainty, the global goods trade is expected to grow 2.7% in 2024, up from the prior estimate of 2.6%. Also, the volume of world merchandise trade is likely to exhibit a 3.0% increase in 2025.
Amid this, the <a href="https://www.mordorintelligence.com/industry-reports/united-states-freight-logistics-market/market-size">United States freight and logistics market</a> is expected to value $1.33 trillion in 2024. It is expected to grow to $1.67 trillion by 2030, exhibiting a 3.90% CAGR, driven by the rising e-commerce trade, technological advancement, rising consumption across the globe, and steady infrastructure investments.
Also, the global road freight transport market is projected to see strong growth and reach around $136.38 billion in 2028, growing at a <a href="https://www.thebusinessresearchcompany.com/report/road-freight-transport-global-market-report">CAGR of 6.5%</a>. Trends like green initiatives and sustainability, digitalization, artificial intelligence, resilience, and supply chain visibility support the sector's expansion.
With these encouraging trends in mind, let's delve into the fundamentals of the three top <a href="https://stocknews.com/category/trucking-freight/">Trucking Freight</a> stock picks, beginning with the third choice.
Stock #3: Old Dominion Freight Line, Inc. (<a href="https://stocknews.com/stock/ODFL/">ODFL</a>)
ODFL operates as a less-than-truckload motor carrier. The company provides regional, inter-regional, and national less-than-truckload services, and expedited transportation. The company also offers various value-added services, including container drayage, truckload brokerage, and supply chain consulting.
On October 17, ODFL's Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on December 18, 2024, to shareholders of record at the close of business on December 4, 2024. The dividend payment represents a 30% increase from the quarterly cash dividend paid in December 2023.
ODFL's annual dividend of $1.04 translates to a yield of 0.53% at the current share price. Its four-year average dividend yield is 0.35%. Also, the company's dividend payouts have increased at a CAGR of 37.7% over the past three years. ODFL has raised its dividends for 6 consecutive years.
ODFL's total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenue</a> increased 6.1% year-over-year to $1.50 billion during the second quarter, which ended June 30, 2024. The company reported operating income of $421.69 million, up 7.7% from the prior-year period. Its net income and EPS came in at $322.04 million and $1.48, indicating growth of 10.2% and 11.3% year-over-year, respectively.
In addition, as of June 30, 2024, the company's cash and cash equivalents stood at $74.30 million, compared to $433.80 million as of December 31, 2023.
Street expects ODFL's revenue for the fiscal year (ending December 2025) to increase 6.1% year-over-year to $6.33 billion. The company's EPS is expected to grow 12.4% year-over-year to $6.24 over the same year. Moreover, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
Shares of ODFL have surged 1.6% over the past month and 2.2% over the past year to close the last trading session at $198.05.
ODFL's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
ODFL has a B grade for Quality. It is ranked #10 out of 17 stocks in the <a href="https://stocknews.com/category/trucking-freight/">Trucking Freight</a> industry.
In addition to the POWR Ratings we've stated above, we also have ODFL's ratings for Value, Growth, Momentum, Sentiment, and Stability. Get all ODFL ratings <a href="https://stocknews.com/stock/ODFL/">here</a>.
Stock #2: C.H. Robinson Worldwide, Inc. (<a href="https://stocknews.com/stock/CHRW/">CHRW</a>)
CHRW provides freight transportation services and related logistics and supply chain services internationally. It operates through two segments, North American Surface Transportation; and Global Forwarding. It provides transportation and logistics services, like truckload and less-than-truckload transportation brokerage services.
On August 8, CHRW's Board of Directors declared an increase to its regular quarterly cash dividend to $0.62 per share from $0.61 per share, paid on October 1, 2024, to shareholders of record on September 6, 2024.
CHRW pays an annual dividend of $2.48, which translates to a yield of 2.28% at the current share price. Its four-year average dividend yield is 2.41%. Moreover, the company's dividend payouts have increased at a CAGR of 6.3% over the past three years. CHRW has raised its dividends for 26 consecutive years.
On July 30, CHRW arrived at the strategic decision to sell its European Surface Transportation business to Sennder Technologies GmbH, the leading digital road freight forwarder in Europe. This was part of its enterprise strategy to get fit, fast, and focused.
The move will also drive focus on profitable growth in its four core modes – North American truckload, less-than-truckload, and global ocean and air – as the engines to create the most value for its stakeholders.
For the second quarter that ended June 30, 2024, CHRW's total revenues increased 1.4% year-over-year to $4.48 billion, and its adjusted gross profit grew 3.3% from the year-ago value to $687.41 million. The company's adjusted income from operations was $193.28 million for the quarter, up 31.7% year-over-year.
In addition, CHRW's non-GAAP net income of $137.79 million or $1.15 per share reflects increases of 25.1% and 25% from the prior year's quarter, respectively.
Analysts expect CHRW's revenue and EPS for the third quarter (ended September 2024) to increase 4.5% and 36.7% year-over-year to $4.54 billion and $1.15, respectively. Furthermore, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
Shares of CHRW have surged 53.9% over the past six months and 29.3% over the past year to close the last trading session at $108.88.
CHRW's sound fundamentals are reflected in its POWR Ratings. The stock has a B grade for Growth. Within the same industry, CHRW is ranked #6 of 17 stocks.
<a href="https://stocknews.com/stock/CHRW/">Click here</a> to access additional ratings of CHRW for Quality, Value, Momentum, Sentiment, and Stability.
Stock #1: ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>)
ARCB engages in the provision of ground, air, and ocean transportation solutions. It operates in Asset-Based and Asset-Light segments. The company provides less-than-truckload (LTL) services that transport general commodities like food, textiles, apparel, and furniture.
On October 10, ARCB announced that its household goods moving service, U-Pack&#xAE; partnered with Affirm to provide financing options for long-distance moves. Through the collaboration, customers who apply and are qualified can book a move now and pay on a payment plan later. The innovative payment plans will help customers manage their long-distance moving costs.
On August 6, ARCB joined TriumphPay as a full audit and payments network participant. This is a part of ARCB's strategy to better serve carriers, improve operational efficiency, and enhance payment security.
In the second quarter that ended June 30, 2024, ARCB reported revenues of $1.08 billion. Its non-GAAP operating income grew 28.1% from the prior year's quarter to $64.20 million. Its non-GAAP net income and EPS of $47.38 million and $1.98 indicate 24.8% and 28.6% growth from the year-ago value, respectively.
Furthermore, the company's consolidated adjusted EBITDA from continuing operations rose 24.3% from the prior year's quarter to $94.86 million.
Street expects ARCB's revenue and EPS for the first quarter (ending March 2025) to increase 3.5% and 20.3% year-over-year to $1.07 billion and $1.61, respectively. The company has topped the consensus revenue estimates in all four trailing quarters.
Over the past year, ARCB's stock has surged 8.2% to close the last trading session at $101.86.
ARCB's POWR Ratings reflect its bright prospects. The stock has a B grade for Value and Growth. ARCB has topped among the 17 stocks in the Trucking Freight industry.
<a href="https://stocknews.com/stock/ARCB/">Click here</a> to access additional ratings of ARCB for Momentum, Sentiment, Quality, and Stability.
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ODFL shares were unchanged in after-hours trading Tuesday. Year-to-date, ODFL has declined -1.20%, versus a 23.88% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/odfl-chrw-arcb-3-freight-and-logistics-stocks-to-watch-as-global-trade/>3 Freight and Logistics Stocks to Watch as Global Trade Rebounds</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Freight and Logistics Stocks to Watch as Global Trade Rebounds

ArcBest Corporation 2024 Q3 - Results - Earnings Call Presentation

ArcBest (ARCB – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Jason Seidl from TD Cowen r...

ArcBest's Challenging Outlook: Jason Seidl Maintains Hold Rating Amid Underperformance

Arcbest ( ($ARCB) ) has released its Q3 earnings. Here is a breakdown of the information Arcbest presented to its investors. ArcBest Corporation, a...

ArcBest Reports Q3 2024 Financial Results

Wells Fargo analyst Christian Wetherbee maintained a Hold rating on ArcBest (ARCB – Research Report) today and set a price target of $105.00. The c...

Wells Fargo Remains a Hold on ArcBest (ARCB)

TD Cowen analyst Jason Seidl lowered the firm's price target on ArcBest (ARCB) to $112 from $114 and keeps a Hold rating on the shares. The firm sa...

ArcBest price target lowered to $112 from $114 at TD Cowen

Jefferies analyst Stephanie Moore reiterated a Buy rating on ArcBest (ARCB – Research Report) today and set a price target of $120.00. The company'...

Jefferies Sticks to Its Buy Rating for ArcBest (ARCB)

The latest update is out from ArcBest ( ($ARCB) ). ArcBest Corporation's Chief Innovation Officer, Michael E. Newcity, will retire in December 2024...

ArcBest Announces Leadership Transition and Compensation Changes

CHRW

ODFL

Press Releases

ArcBest Announces Its Second Quarter 2024 Earnings Conference Call

ABF Freight President Seth Runser Appointed President of ArcBest

ArcBest Declares a $0.12/Share Quarterly Dividend

ArcBest Announces Second Quarter 2024 Results

Contracts

ArcBest Joins the TriumphPay Network to Enhance Carrier Payments

ArcBest Announces Retirement and Succession of Chief Innovation Officer and President of ArcBest Technologies

ArcBest Announces Its Third Quarter 2024 Earnings Conference Call

ArcBest's Moving Service, U-Pack, Has Partnered with Affirm to Offer Flexible Financing Options

ArcBest Announces Third Quarter 2024 Results

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