Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Old Dominion Freight Line, Inc. (NASDAQ: ODFL) closed at $182.42 in the last session, down -7.24% from day before closing price of $196.66. In other words, the price has decreased by -$7.24 from its previous closing price. On the day, 3.47 million shares were traded. ODFL stock price reached its highest trading level at $191.49 during the session, while it also had its lowest trading level at $181.3.
Ratios:
We take a closer look at ODFL’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 68.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.91. For the most recent quarter (mrq), Quick Ratio is recorded 2.10 and its Current Ratio is at 2.29. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
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, TD Cowen on April 26, 2024, Reiterated its Hold rating but revised its target price to $206 from $209 previously.
On March 11, 2024, JP Morgan started tracking the stock assigning a Neutral rating and target price of $465.
BofA Securities Downgraded its Buy to Neutral on March 06, 2024, whereas the target price for the stock was revised from $443 to $446.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 39694589952 and an Enterprise Value of 39192502272. As of this moment, Old’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.10, and their Forward P/E ratio for the next fiscal year is 25.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.75 while its Price-to-Book (P/B) ratio in mrq is 9.34. Its current Enterprise Value per Revenue stands at 6.661 whereas that against EBITDA is 19.858.
Stock Price History:
The Beta on a monthly basis for ODFL is 1.05, which has changed by 0.14823437 over the last 52 weeks, in comparison to a change of 0.22363698 over the same period for the S&P500. 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 -15.70%, while the 200-Day Moving Average is calculated to be -10.90%.
Shares Statistics:
According to the various share statistics, ODFL traded on average about 1.43M shares per day over the past 3-months and 2071650 shares per day over the past 10 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 74.09% stake in the company. Shares short for ODFL as of 1713139200 were 4117834 with a Short Ratio of 2.88, compared to 1710460800 on 4193126. Therefore, it implies a Short% of Shares Outstanding of 4117834 and a Short% of Float of 3.15.
Dividends & Splits
The forward annual dividend rate for ODFL is 1.72, which was 0.86 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.00437303The stock’s 5-year Average Dividend Yield is 0.34. The current Payout Ratio is 14.21% for ODFL, which recently paid a dividend on 2024-03-05 with an ex-dividend date of 1709596800. Stock splits for the company last occurred on 2024-03-28 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 18.0 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.5 for the current quarter, with a high estimate of $1.68 and a low estimate of $1.44, while EPS last year was $1.32. The consensus estimate for the next quarter is $1.65, with high estimates of $1.81 and low estimates of $1.5.
Analysts are recommending an EPS of between $6.72 and $5.85 for the fiscal current year, implying an average EPS of $6.14. EPS for the following year is $7.26, with 21.0 analysts recommending between $7.67 and $6.82.
Revenue Estimates
According to 13 analysts, the current quarter’s revenue is expected to be $1.52B. It ranges from a high estimate of $1.64B to a low estimate of $1.48B. As of the current estimate, Old Dominion Freight Line, Inc.’s year-ago sales were $1.41BFor the next quarter, 13 analysts are estimating revenue of $1.61B. There is a high estimate of $1.72B for the next quarter, whereas the lowest estimate is $1.54B.
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 $6.05B, resulting in an average revenue estimate of $6.21B. In the same quarter a year ago, actual revenue was $5.87BBased on 17 analysts’ estimates, the company’s revenue will be $6.85B in the next fiscal year. The high estimate is $7.21B and the low estimate is $6.41B.
