In the latest trading session, 1.04 million Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares changed hands as the company’s beta touched 0.99. With the company’s most recent per share price at $189.26 changed hands at -$10.29 or -5.16% at last look, the market valuation stands at $40.56B. ODFL’s current price is a discount, trading about -20.36% off its 52-week high of $227.80. The share price had its 52-week low at $165.49, which suggests the last value was 12.56% up since then. When we look at Old Dominion Freight Line, Inc.’s average trading volume, we note the 10-day average is 1.17 million shares, with the 3-month average coming to 1.41 million.
Analysts gave the Old Dominion Freight Line, Inc. (ODFL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.92. If we narrow down to specifics, the data shows that 1 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended ODFL as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Old Dominion Freight Line, Inc.’s EPS for the current quarter is expected to be 1.42.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) trade information
Instantly ODFL was in red as seen in intraday trades today. With action -6.99%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -6.61%, with the 5-day performance at -6.99% in the red. However, in the 30-day time frame, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is -4.62% down. Looking at the short shares, we see there were 6.64 million shares sold at short interest cover period of 4.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is 281.5, meaning bulls need an upside of 32.77% from its recent market value. According to analyst projections, ODFL’s forecast low is 185 with 396 as the target high. To hit the forecast high, the stock’s price needs a -109.24% plunge from its current level, while the stock would need to tank 2.25% for it to hit the projected low.
Old Dominion Freight Line, Inc. (ODFL) estimates and forecasts
Data shows that the Old Dominion Freight Line, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -2.97% over the past 6 months, a -1.24% in annual growth rate that is considerably higher than the industry average of -17.80%. Year-over-year growth is forecast to reach 0.80% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 1.49B. 13 analysts are of the opinion that Old Dominion Freight Line, Inc.’s revenue for the current quarter will be 1.46B. The estimates for the next quarter sales put growth at -2.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 17.99%. The 2024 estimates are for Old Dominion Freight Line, Inc. earnings to decrease by -1.36%, but the outlook for the next 5-year period is at 8.54% per year.
ODFL Dividends
Old Dominion Freight Line, Inc. is expected to release its next quarterly earnings report on 2024-Oct-23. The 0.76% annual yield figure for the share gives it an annual dividend of 1.44. It is important to note, however, that the 0.76% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.35 per year.
Old Dominion Freight Line, Inc. (NASDAQ:ODFL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.10% of Old Dominion Freight Line, Inc. shares while 79.96% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.94%. There are 79.96% institutions holding the Old Dominion Freight Line, Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 10.1293% of the shares, roughly 22.04 million ODFL shares worth $3.89 billion.
PRICE T ROWE ASSOCIATES INC /MD/ holds the second largest percentage of outstanding shares, with 7.5026% or 16.33 million shares worth $2.88 billion as of 2024-06-30.
