Old Dominion Freight Stock Today

ODFL Stock  USD 427.95  5.67  1.31%   

Performance

4 of 100

 
Low
 
High
Insignificant

Odds Of Distress

Less than 1

 
100  
 
Zero
Very Small
Old Dominion is selling for 427.95 as of the 28th of March 2024. This is a -1.31 percent decrease since the beginning of the trading day. The stock's lowest day price was 423.75. Old Dominion has a very small chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Old Dominion Freight are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Transportation
IPO Date
24th of October 1991
Category
Industrials
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. The company has 108.84 M outstanding shares of which 2.1 M shares are now shorted by private and institutional investors with about 2.48 trading days to cover. More on Old Dominion Freight

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Old Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Old Dominion's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Old Dominion or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Vice Chairman and CEODavid Congdon
Thematic Ideas
(View all Themes)
Business ConcentrationGround Transportation, Transportation, Industrials, SP 500 Index, Nasdaq 100, NASDAQ 100 Pre, NASDAQ Composite, NASDAQ Composite Total, Railroads, Sport Products, Industrials, Ground Transportation, Trucking, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Old Dominion report their recommendations after researching Old Dominion's financial statements, talking to executives and customers, or listening in on Old Dominion's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Old Dominion Freight. The Old consensus assessment is calculated by taking the average forecast from all of the analysts covering Old Dominion.
Financial Strength
Based on the analysis of Old Dominion's profitability, liquidity, and operating efficiency, Old Dominion Freight is performing exceptionally good at this time. It has a great risk to report excellent financial results in April. Financial strength of Old Dominion Freight is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.240.2249
Notably Up
Slightly volatile
Asset Turnover1.581.0642
Way Up
Slightly volatile
Gross Profit Margin0.660.3404
Way Up
Very volatile
Total Current Liabilities571.9 M544.7 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total745.4 M709.9 M
Sufficiently Up
Slightly volatile
Total Assets5.8 B5.5 B
Sufficiently Up
Slightly volatile
Total Current Assets1.2 B1.1 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities1.6 B1.6 B
Sufficiently Up
Slightly volatile
Old Dominion's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Old Dominion's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Old Dominion's financial leverage. It provides some insight into what part of Old Dominion's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Old Dominion's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Old Dominion deploys its capital and how much of that capital is borrowed.
Liquidity
Old Dominion cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 200.38 M in liabilities with Debt to Equity (D/E) ratio of 0.03, which may suggest the company is not taking enough advantage from borrowing. Old Dominion Freight has a current ratio of 1.71, which is within standard range for the sector. Debt can assist Old Dominion until it has trouble settling it off, either with new capital or with free cash flow. So, Old Dominion's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Old Dominion Freight sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Old to invest in growth at high rates of return. When we think about Old Dominion's use of debt, we should always consider it together with cash and equity.

Change In Working Capital

(52.58 Million)
Old Dominion Freight (ODFL) is traded on NASDAQ Exchange in USA. It is located in 500 Old Dominion Way, Thomasville, NC, United States, 27360 and employs 22,902 people. Old Dominion is listed under Ground Transportation category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 47.16 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 Dominion Freight conducts business under Ground Transportation sector and is part of Industrials industry. The entity has 108.84 M outstanding shares of which 2.1 M shares are now shorted by private and institutional investors with about 2.48 trading days to cover. Old Dominion Freight currently holds about 375.56 M in cash with 1.57 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.37.
Check Old Dominion Probability Of Bankruptcy
Ownership Allocation
Old Dominion Freight has a total of 108.84 Million outstanding shares. The majority of Old Dominion Freight outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Old Dominion Freight to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Old Dominion. Please pay attention to any change in the institutional holdings of Old Dominion Freight as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Old Ownership Details

Old Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Old Dominion jumping above the current price in 90 days from now is about 28.23%. The Old Dominion Freight probability density function shows the probability of Old Dominion stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.5725. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Old Dominion will likely underperform. Additionally, old Dominion Freight has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 427.95HorizonTargetOdds Above 427.95
71.56%90 days
 427.95 
28.23%
Based on a normal probability distribution, the odds of Old Dominion to move above the current price in 90 days from now is about 28.23 (This Old Dominion Freight probability density function shows the probability of Old Stock to fall within a particular range of prices over 90 days) .

Old Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Old Dominion that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Old Dominion's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Old Dominion's value.
InstituionRecorded OnShares
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
View Old Dominion Diagnostics

Old Dominion Historical Income Statement

Old Dominion Freight Income Statement is one of the three primary financial statements used for reporting Old's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Old Dominion Freight revenue and expense. Old Dominion Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Old Dominion's Net Income is quite stable compared to the past year. Income Tax Expense is expected to rise to about 428.7 M this year, although the value of Total Other Income Expense Net is projected to rise to (5.4 M). View More Fundamentals

Old Stock Against Markets

Picking the right benchmark for Old Dominion stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Old Dominion stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Old Dominion is critical whether you are bullish or bearish towards Old Dominion Freight at a given time. Please also check how Old Dominion's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Old Dominion without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Old Dominion Corporate Directors

Old Dominion corporate directors refer to members of an Old Dominion board of directors. The board of directors generally takes responsibility for the Old Dominion's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Old Dominion's board members must vote for the resolution. The Old Dominion board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Michael WrayIndependent DirectorProfile
Patrick HanleyIndependent DirectorProfile
Sherry AaholmIndependent DirectorProfile
Robert CulpLead Independent DirectorProfile

How to buy Old Stock?

Before investing in Old Dominion, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Old Dominion. To buy Old Dominion stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Old Dominion. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Old Dominion stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Old Dominion Freight stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Old Dominion Freight stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Old Dominion Freight, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Old Stock please use our How to Invest in Old Dominion guide.

Already Invested in Old Dominion Freight?

The danger of trading Old Dominion Freight is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Old Dominion is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Old Dominion. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Old Dominion Freight is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Old Stock analysis

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
1.6
Earnings Share
11.27
Revenue Per Share
53.611
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.