Old Dominion Freight Stock Analysis

ODFL Stock  USD 219.31  5.30  2.48%   
Old Dominion Freight is undervalued with Real Value of 265.37 and Target Price of 417.94. The main objective of Old Dominion stock analysis is to determine its intrinsic value, which is an estimate of what Old Dominion Freight is worth, separate from its market price. There are two main types of Old Dominion's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Old Dominion's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Old Dominion's stock to identify patterns and trends that may indicate its future price movements.
The Old Dominion stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Old Dominion is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Old Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Old Dominion's ongoing operational relationships across important fundamental and technical indicators.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Dominion Freight. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

Old Stock Analysis Notes

About 76.0% of the company shares are owned by institutional investors. The company recorded earning per share (EPS) of 5.64. Old Dominion Freight last dividend was issued on the 5th of March 2024. The entity had 2:1 split on the 28th of March 2024. Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina. Old Dominion operates under Trucking classification in the United States and is traded on NASDAQ Exchange. It employs 24586 people. To find out more about Old Dominion Freight contact David Congdon at 336 889 5000 or learn more at https://www.odfl.com.

Old Dominion Quarterly Total Revenue

1.5 Billion

Old Dominion Freight Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Old Dominion's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Old Dominion Freight or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Old Dominion Freight is unlikely to experience financial distress in the next 2 years
Over 76.0% of the company shares are owned by institutional investors
On 20th of March 2024 Old Dominion paid $ 0.52 per share dividend to its current shareholders
Latest headline from simplywall.st: Investors Continue Waiting On Sidelines For Old Dominion Freight Line, Inc.

Old Dominion Freight Upcoming and Recent Events

Earnings reports are used by Old Dominion to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Old Dominion previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
31st of January 2024
Upcoming Quarterly Report
View
24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
31st of January 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Old Largest EPS Surprises

Earnings surprises can significantly impact Old Dominion's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2010-04-28
2010-03-310.050.060.0120 
2010-01-28
2009-12-310.070.080.0114 
2008-04-22
2008-03-310.090.08-0.0111 
View All Earnings Estimates

Old Dominion Thematic Classifications

In addition to having Old Dominion stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Railroads Idea
Railroads
Railroads and Railways
Sport Products Idea
Sport Products
Sporting goods sport accessories
Transportation Idea
Transportation
USA Equities from Transportation industry as classified by Fama & French

Old Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Old Dominion is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Old Dominion Freight backward and forwards among themselves. Old Dominion's institutional investor refers to the entity that pools money to purchase Old Dominion's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Amvescap Plc.2023-12-31
1.5 M
Norges Bank2023-12-31
1.2 M
Capital World Investors2023-12-31
1.2 M
Morgan Stanley - Brokerage Accounts2023-12-31
1.1 M
Wcm Investment Management2023-12-31
M
Northern Trust Corp2023-12-31
914 K
Legal & General Group Plc2023-12-31
825.1 K
London Company Of Virginia2023-12-31
769.2 K
Royal London Asset Management Ltd2023-12-31
607.6 K
Vanguard Group Inc2023-12-31
10.9 M
Blackrock Inc2023-12-31
8.8 M
Note, although Old Dominion's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Old Market Capitalization

The company currently falls under 'Large-Cap' category with a current market capitalization of 47.72 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Old Dominion's market, we take the total number of its shares issued and multiply it by Old Dominion's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Old Profitablity

Old Dominion's profitability indicators refer to fundamental financial ratios that showcase Old Dominion's ability to generate income relative to its revenue or operating costs. If, let's say, Old Dominion is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Old Dominion's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Old Dominion's profitability requires more research than a typical breakdown of Old Dominion's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.21 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.28 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.28.
Last ReportedProjected for 2024
Return On Capital Employed 0.33  0.18 
Return On Assets 0.22  0.24 
Return On Equity 0.29  0.31 

Management Efficiency

Old Dominion Freight has return on total asset (ROA) of 0.1981 % which means that it generated a profit of $0.1981 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.3134 %, meaning that it created $0.3134 on every $100 dollars invested by stockholders. Old Dominion's management efficiency ratios could be used to measure how well Old Dominion manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Old Dominion's Return On Assets are quite stable compared to the past year. Return On Equity is expected to rise to 0.31 this year, although the value of Return On Capital Employed will most likely fall to 0.18. At this time, Old Dominion's Asset Turnover is quite stable compared to the past year.
Last ReportedProjected for 2024
Price Book Value Ratio 10.42  10.94 
Enterprise Value Multiple 22.45  23.57 
Price Fair Value 10.42  10.94 
The analysis of Old Dominion's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Old Dominion's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Old Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.0047
Forward Dividend Yield
0.0047
Forward Dividend Rate
1.04
Beta
1.029

Technical Drivers

As of the 29th of March, Old Dominion holds the Semi Deviation of 1.47, risk adjusted performance of 0.0422, and Coefficient Of Variation of 1565.69. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Old Dominion, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Old Dominion Freight, which can be compared to its competitors. Please check Old Dominion Freight treynor ratio, and the relationship between the standard deviation and downside variance to decide if Old Dominion Freight is priced some-what accurately, providing market reflects its current price of 219.31 per share. Given that Old Dominion has jensen alpha of (0.10), we recommend you to check out Old Dominion Freight's recent market performance to make sure the company can sustain itself at a future point.

Old Dominion Freight Price Movement Analysis

Execute Study
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Old Dominion middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Old Dominion Freight. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Old Dominion Freight Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Old Dominion insiders, such as employees or executives, is commonly permitted as long as it does not rely on Old Dominion's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Old Dominion insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
 
Yowell John B over six months ago
Old Dominion exotic insider transaction detected

Old Dominion Predictive Daily Indicators

Old Dominion intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Old Dominion stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Old Dominion Corporate Filings

8K
19th of March 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
13A
11th of March 2024
An amended filing to the original Schedule 13G
ViewVerify
8K
5th of March 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
4th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
29th of February 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
28th of February 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
27th of February 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
10K
26th of February 2024
Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance
ViewVerify

Old Dominion Forecast Models

Old Dominion's time-series forecasting models are one of many Old Dominion's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Old Dominion's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Old Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Old Dominion prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Old shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Old Dominion. By using and applying Old Stock analysis, traders can create a robust methodology for identifying Old entry and exit points for their positions.
Last ReportedProjected for 2024
Pretax Profit Margin 0.28  0.29 
Operating Profit Margin 0.28  0.29 
Net Profit Margin 0.21  0.22 
Gross Profit Margin 0.34  0.66 

Current Old Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Old analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Old analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
417.94Buy21Odds
Old Dominion Freight current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Old analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Old stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Old Dominion Freight, talking to its executives and customers, or listening to Old conference calls.
Old Analyst Advice Details

Old Stock Analysis Indicators

Old Dominion Freight stock analysis indicators help investors evaluate how Old Dominion stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Old Dominion shares will generate the highest return on investment. By understating and applying Old Dominion stock analysis, traders can identify Old Dominion position entry and exit signals to maximize returns.
Begin Period Cash Flow186.3 M
Long Term Debt60 M
Common Stock Shares Outstanding110.1 M
Total Stockholder Equity4.3 B
Tax Provision408.3 M
Quarterly Earnings Growth Y O Y0.008
Property Plant And Equipment Net4.2 B
Cash And Short Term Investments433.8 M
Cash433.8 M
Accounts Payable112.8 M
Net Debt-233.4 M
50 Day M A212.1831
Total Current Liabilities544.7 M
Other Operating Expenses4.2 B
Non Current Assets Total4.4 B
Forward Price Earnings33.3333
Non Currrent Assets Other-205.9 M
Stock Based Compensation11.1 M
When determining whether Old Dominion Freight is a strong investment it is important to analyze Old Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Old Dominion's future performance. For an informed investment choice regarding Old Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Dominion Freight. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the Old Dominion Freight information on this page should be used as a complementary analysis to other Old Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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When running Old Dominion's price analysis, check to measure Old Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Old Dominion is operating at the current time. Most of Old Dominion's value examination focuses on studying past and present price action to predict the probability of Old Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old Dominion's price. Additionally, you may evaluate how the addition of Old Dominion to your portfolios can decrease your overall portfolio volatility.
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Is Old Dominion's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Old Dominion. If investors know Old will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Old Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.008
Dividend Share
0.8
Earnings Share
5.64
Revenue Per Share
26.805
Quarterly Revenue Growth
0.003
The market value of Old Dominion Freight is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old Dominion's value that differs from its market value or its book value, called intrinsic value, which is Old Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Old Dominion's market value can be influenced by many factors that don't directly affect Old Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Old Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.