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In the latest session, Old Dominion Freight Line, Inc. (NASDAQ: ODFL) closed at $195.06 down -11.05% from its previous closing price of $219.28. In other words, the price has decreased by -$11.05 from its previous closing price. On the day, 4.48 million shares were traded. ODFL stock price reached its highest trading level at $216.94 during the session, while it also had its lowest trading level at $189.07.
Ratios:
For a deeper understanding of Old Dominion Freight Line, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 97.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 52.30. For the most recent quarter (mrq), Quick Ratio is recorded 2.10 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on March 11, 2024, initiated with a Neutral rating and assigned the stock a target price of $465.
On March 06, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $443 to $446.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 27 ’24 when Kasarda John D. sold 7,972 shares for $442.15 per share. The transaction valued at 3,524,857 led to the insider holds 6,770 shares of the business.
CONGDON DAVID S sold 34,000 shares of ODFL for $14,993,133 on Feb 23 ’24. The Executive Chairman now owns 732,712 shares after completing the transaction at $440.97 per share. On Nov 10 ’23, another insider, CONGDON DAVID S, who serves as the Executive Chairman of the company, sold 24,100 shares for $390.59 each. As a result, the insider received 9,413,208 and left with 766,754 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ODFL now has a Market Capitalization of 47715381248 and an Enterprise Value of 47498149888. As of this moment, Old’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.64, and their Forward P/E ratio for the next fiscal year is 26.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.24 while its Price-to-Book (P/B) ratio in mrq is 9.98. Its current Enterprise Value per Revenue stands at 8.097 whereas that against EBITDA is 24.171.
Stock Price History:
Over the past 52 weeks, ODFL has reached a high of $227.80, while it has fallen to a 52-week low of $147.90. The 50-Day Moving Average of the stock is -10.14%, while the 200-Day Moving Average is calculated to be -4.69%.
Shares Statistics:
For the past three months, ODFL has traded an average of 1.35M shares per day and 1711480 over the past ten days. A total of 217.93M shares are outstanding, with a floating share count of 187.51M. Insiders hold about 13.86% of the company’s shares, while institutions hold 74.22% stake in the company. Shares short for ODFL as of 1711584000 were 4459421 with a Short Ratio of 3.31, compared to 1709164800 on 3937994. Therefore, it implies a Short% of Shares Outstanding of 4459421 and a Short% of Float of 2.29.
Dividends & Splits
According to the company, the forward annual dividend rate for ODFL is 1.72, from 0.8 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0036483037The stock’s 5-year Average Dividend Yield is 0.34.
Earnings Estimates
The stock of Old Dominion Freight Line, Inc. (ODFL) is currently drawing attention from 18.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of $1.34 for the current quarter, with a high estimate of $1.38 and a low estimate of $1.29, while EPS last year was $1.29. The consensus estimate for the next quarter is $1.63, with high estimates of $1.68 and low estimates of $1.5.
Analysts are recommending an EPS of between $6.72 and $6.01 for the fiscal current year, implying an average EPS of $6.41. EPS for the following year is $7.41, with 21.0 analysts recommending between $7.75 and $6.93.
Revenue Estimates
A total of 13 analysts believe the company’s revenue will be $1.47B this quarter.It ranges from a high estimate of $1.5B to a low estimate of $1.42B. As of the current estimate, Old Dominion Freight Line, Inc.’s year-ago sales were $1.44BFor the next quarter, 13 analysts are estimating revenue of $1.56B. There is a high estimate of $1.64B for the next quarter, whereas the lowest estimate is $1.48B.
A total of 17 analysts have provided revenue estimates for ODFL’s current fiscal year. The highest revenue estimate was $6.5B, while the lowest revenue estimate was $6.13B, resulting in an average revenue estimate of $6.34B. In the same quarter a year ago, actual revenue was $5.87BBased on 17 analysts’ estimates, the company’s revenue will be $6.95B in the next fiscal year. The high estimate is $7.21B and the low estimate is $6.63B.
