Seeking Alpha
 

ArcBest Corporation (ARCB)

- NASDAQ
  • Jul. 31, 2014, 12:45 PM
    | Comment!
  • Dec. 16, 2013, 2:58 PM
    • Deutsche Bank is out with some commentary and price target adjustments for a number of transport names. "We expect slow growth to continue well into 2014," analyst Justin Yagerman notes, but says "this is not a bad environment for earnings growth as cost inflation is generally modest and volumes are expanding, albeit at a slower-than-desired pace."
    • Rundown: XPO reiterated at Buy, PT hiked to $32; ODFL upgraded to Buy from Hold, PT lifted to $59 from $49; UPS reiterated at Buy, PT raised to $123 from $100; UNP reiterated at Buy, PT hiked to $198 from $175; RRTS reiterated at Buy, PT lifted to $35 from $32; SWFT reiterated at Buy, PT raised to $29 from $22; JBHT reiterated at Buy, PT upped to $89 from $83; NSC reiterated at Hold, PT to $91 from $83; LSTR reiterated at Hold, PT hiked to $58 from $56; KNX reiterated at Hold, PT lifted to $19 from $15; ABFS reiterated at Hold, PT raised to $35 from $29; CSX reiterated at Hold, PT hiked to $28 from $25.
    | 3 Comments
  • Nov. 11, 2013, 9:05 AM
    • Shares of Arkansas Best (ABFS) jump higher after the company beats estimates for Q3 handily.
    • The company says its emerging business provided a nice lift during the quarter.
    • ABFS +10.2% premarket.
    | Comment!
  • Sep. 16, 2013, 12:35 PM
    • Arkansas Best (ABFS -4.7%) is trading notably lower.
    • Deutsche's Justin Yagerman is out with a valuation call, cutting the shares to Hold from Buy as the risk/reward seems more balanced with the stock trading just 7% below the firm's target price.
    • "We remain optimistic that ABFS will eventually be able to implement the 7% Teamster wage reduction," Yagerman says, before cautioning that "the timetable has been pushed back by at least two months."
    • Price target maintained at $29.
    • It may indeed be time for a breather: The stock is up 169% since May 6, when the company came to a tentative agreement with the Teamsters.
    | Comment!
  • Aug. 26, 2013, 11:32 AM
    • Arkansas Best (ABFS +5.1%) gets a lift from an upgrade to Strong Buy (from Market Perform) at Raymond James.
    • Price target is $46.
    • The shares are now up some 33% since the company reported Q2 earnings on August 9.
    | Comment!
  • Aug. 9, 2013, 3:54 PM
    • Shares of Arkansas Best (ABFS +16.6%) are having a banner day on the heels of the company's Q2 report.
    • Revenue was up 13% Y/Y during the period to $576.9M, beating estimates.
    • Q2 EPS of $0.18 looks optically worse than the $0.44/ share profit the company posted in Q2 2012. However, a tax benefit was largely responsible for last year's Q2 EPS figure. Strip that out and add back a $0.05/ share charge associated with the Panther acquisition and you get $0.18, exactly the same as this quarter's figure. (PR)
    • The company notes that the ratification of the ABF National Master Freight Agreement is a "major step toward returning the company to consistent profitability." (previous)
    | Comment!
  • Jun. 28, 2013, 12:45 PM
    Midday top 10 gainers: HALO +26%. EMMS +19%. SAND +17%. AMSC +15%. TRX +14%. RIC +13%. FSM +12%. TAHO +12%. ABFS +11%. LAS +11%.
    Midday top 10 Losers: QLTI -48%. CDTI -36%. BBRY -25%. LHCG -14%. GTIV -13%. AZZ -13%. AMED -13%. ACN -11%. ETRM -9%. AFAM -8%.
    | Comment!
  • Jun. 28, 2013, 11:22 AM
    Arkansas Best (ABFS +14.7%) surges after ABF employees ratify a collective bargaining agreement — the deal represents a "critical step in helping return ABF to its historic profitability," according to the press release.
    | Comment!
  • May 9, 2013, 10:09 AM
    Arkansas Best (ABFS +8.5%) trades higher after disclosing in a SEC filing that it rebuffed an offer from YRC Worlwide (YRCW +1.5%) last month. (8-K)
    | Comment!
  • May 7, 2013, 8:29 AM
    Shares of Arkansas Best (ABFS) are up another 2.9% in premarket as the buzz over the company's Teamsters deal hasn't worn out yet. Notable Calls thinks Wall Street analysts might be light with their price targets on the company.
    | Comment!
  • May 6, 2013, 12:47 PM
    Midday top 10 gainers: MBI +41%. FSGI +32%. ABFS +31%. MNGA +25%. YRCW +22%. BORN +16%. PRMW +15%. CHLN +14%. RENN +14%. YY +14%.
    Midday top 10 losers: PAL -18%. HGSH -11%. GEOS -9%. LNCO -9%. LINE -9%. CHCI -9%. VISN -8%. OSH -8%. TG -7%. LTBR -7%.
    | 1 Comment
  • May 6, 2013, 9:50 AM
    Shares of Arkansas Best (ABFS +28.8%) pop after the company announces it reached a tentative deal with the Teamsters union. The stock is playing some catch-up after trucking/freight stocks roared higher last week on positive demand news. SA contributor Money Investor nailed the call over a week ago for a rapid rally.
    | Comment!
  • May 3, 2013, 6:18 PM
    After-hours top gainers, as of 5:30 p.m.: ABFS +16.0%. RNR +3.75%. MSG +3.3%. NCT +3.1%. INCY +3.0%.
    After-hours top losers: STM -9%. GRMN -3.6%. BRCD -2.7%. H -2.6%. CPWR -2.1%.
    | Comment!
  • Jan. 10, 2013, 5:35 PM
    After-hours top gainers, as of 5:15 p.m.: RPTP +6%. BGCP +4%. VECO +4%. EXEL +4%. MNST +3%.
    After-hours top losers: KBR -8%. XRTX -5%. ABFS -5%. URBN -4%. QLTY -4%.
    | Comment!
  • Sep. 24, 2012, 3:16 PM
    Struggling transport stocks may be enjoying a lift today on Citi's upgrade of the sector. "While there have been several negative profit pre-announcements of late, they appear to be priced in already," Citi says, noting transports typically do well from October through April. Trucking stocks: ABFS +6.3%, JBHT +1.7%, ODFL +1.4% CNW +1.4%. Rails: NSC +2%, UNP +1.4%.
    | 1 Comment
  • Jun. 15, 2012, 1:30 PM
    Arkansas Best (ABFS +6%) moves higher again today after being upgraded to Sector Perform at RBC Capital on the back of its Panther Expedited Services acquisition and gradual improvement in its core LTL operations. The firm says the deal should be accretive.
    | Comment!
Visit Seeking Alpha's
ARCB vs. ETF Alternatives
Company Description
ArcBest Corp is a holding company, which through its subsidiaries provides freight transportation services and solutions.
Sector: Services
Industry: Trucking
Country: United States