Old Dominion Stock Analysis

ODFL
 Stock
  

USD 297.04  6.27  2.07%   

The new hike in Old Dominion short term price appreciation may encourage stakeholders to take a closer look at the company as it is trading at a share price of 297.04 on 668,490 in trading volume. The company directors and management have successfully maneuvered the company at convenient times to take advantage of all market conditions in July. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.4. The current volatility is consistent with the ongoing market swings in July 2022 as well as with Old Dominion unsystematic, company-specific events.
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The Old Dominion stock analysis report makes it easy to digest most publicly released information about Old Dominion and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Old Dominion Stock analysis module also helps to analyze the Old Dominion price relationship with some important fundamental indicators such as market cap and management efficiency.

Old Dominion Stock Analysis Notes

About 12.0% of the company outstanding shares are owned by corporate insiders. The company has Price/Earnings To Growth (PEG) ratio of 1.13. Old Dominion Freight recorded earning per share (EPS) of 8.09. The entity last dividend was issued on the 6th of September 2022. The firm had 3-2 split on the 25th of March 2020. 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 24585 people. To find out more about Old Dominion Freight contact David Congdon at 336 889-5000 or learn more at www.odfl.com.

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.
About 74.0% of the company shares are owned by institutional investors
Latest headline from www.joc.com: Gains in July US imports from Asia debunk cliff speculation - JOC.com

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.
Upcoming Quarterly Report2nd of February 2022
Next Financial Report28th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End2nd of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Old Dominion 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 Market Capitalization

The company currently falls under 'Large-Cap' category with current market capitalization of 34.87 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 these looking for more risk prefer small-cap and mid-cap equities.

Old Dominion 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 20.77 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 32.42 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.32.
Last ReportedProjected for 2022
Return on Investment 38.62  31.65 
Return on Average Assets 22.51  24.28 
Return on Average Equity 29.53  23.99 
Return on Invested Capital 0.30  0.27 
Return on Sales 0.23  0.22 

Management Efficiency

The entity has return on total asset (ROA) of 22.38 % which means that it generated profit of $22.38 on every $100 spent on asset. This is very large. Similarly, it shows return on stockholders equity (ROE) of 35.68 %, meaning that it created $35.68 on every $100 dollars invested by stockholders. Old Dominion management efficiency ratios could be used to measure how well old dominion freight manages its routine affairs as well as how well it operates its assets and liabilities. Return on Average Assets is expected to hike to 24.28 this year, although the value of Return on Investment will most likely fall to 31.65. Old Dominion Net Current Assets as percentage of Total Assets are relatively stable at the moment as compared to the past year. The company's current value of Net Current Assets as percentage of Total Assets is estimated at 20.58. Asset Turnover is expected to hike to 1.30 this year, although the value of Goodwill and Intangible Assets will most likely fall to nearly 17.4 M.
Last ReportedProjected for 2022
Book Value per Share 29.42  23.29 
Enterprise Value over EBIT 20.70  19.06 
Enterprise Value over EBITDA 15.70  14.23 
Price to Book Value 5.65  5.10 
Tangible Assets Book Value per Share 37.97  31.16 
Enterprise Value17.1 B18.5 B
Tangible Asset Value4.6 B3.8 B

Technical Drivers

As of the 19th of August, Old Dominion holds the Risk Adjusted Performance of 0.1182, semi deviation of 2.99, and Coefficient Of Variation of 1100.17. 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 297.04 per share. Given that Old Dominion has jensen alpha of 0.1177, 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

The output start index for this execution was fourty-one with a total number of output elements of twenty. 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.
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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.

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 Forecast Models

Old Dominion time-series forecasting models is one of many Old Dominion's stock analysis techniquest aimed to predict 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 Dominion 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 Dominion 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 Dominion Stock analysis, traders can create a robust methodology for identifying Old Dominion entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin 26.47  21.12 
EBITDA Margin 31.38  26.04 
Gross Margin 96.47  91.52 
Profit Margin 19.68  21.23 

Current Old Dominion Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Old Dominion 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 Dominion 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
325.67Hold15Odds
Old Dominion Freight current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Old Dominion 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 Dominion 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 Dominion conference calls.
Old Dominion Analyst Advice Details

Old Dominion 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.
Quick Ratio0.67
Trailing Annual Dividend Rate0.75
Fifty Two Week Low231.31
Revenue Growth26.40%
Payout Ratio9.28%
Average Daily Volume Last 10 Day721.11k
Shares Short Prior Month3.75M
Average Daily Volume In Three Month902.26k
Earnings Growth42.90%
Shares Percent Shares Out3.50%
Earnings Quarterly Growth39.50%
Gross Margins38.57%
Forward Price Earnings24.83
Short Percent Of Float3.90%
Float Shares103.26M
Fifty Two Week High373.58
Fifty Day Average271.19
Enterprise Value To Ebitda17.55
Two Hundred Day Average300.78
Enterprise Value To Revenue5.69
Trailing Annual Dividend Yield0.24%
Please check Your Equity Center. 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Old Dominion Freight 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 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 Dominion 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 YOY
0.43
Market Capitalization
33.9 B
Quarterly Revenue Growth YOY
0.26
Return On Assets
0.22
Return On Equity
0.36
The market value of Old Dominion Freight is measured differently than its book value, which is the value of Old Dominion 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 Old Dominion value 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.