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Old Dominion Freight Line, Inc is a trucking business based in the US. Old Dominion Freight Line shares (ODFL) are listed on the NASDAQ and all prices are listed in US Dollars. Old Dominion Freight Line employs 18,930 staff and has a trailing 12-month revenue of around USD$3.9 billion.
Since the stock market crash in March caused by coronavirus, Old Dominion Freight Line's share price has had significant negative movement.
Its last market close was USD$200.58, which is 9.87% down on its pre-crash value of USD$222.55 and 66.66% up on the lowest point reached during the March crash when the shares fell as low as USD$120.35.
If you had bought USD$1,000 worth of Old Dominion Freight Line shares at the start of February 2020, those shares would have been worth USD$864.46 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,008.92.
|Latest market close||USD$200.58|
|52-week range||USD$119.01 - USD$227.21|
|50-day moving average||USD$192.4363|
|200-day moving average||USD$170.344|
|Wall St. target price||USD$190.83|
|Dividend yield||USD$0.6 (0.3%)|
|Earnings per share (TTM)||USD$4.938|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-13)||-0.01%|
|1 month (2020-09-18)||8.97%|
|3 months (2020-07-20)||6.92%|
|6 months (2020-04-20)||54.42%|
|1 year (2019-10-18)||12.35%|
|2 years (2018-10-19)||51.89%|
|3 years (2017-10-20)||78.29%|
|5 years (2015-10-20)||214.44%|
Valuing Old Dominion Freight Line stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Old Dominion Freight Line's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Old Dominion Freight Line's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 40x. In other words, Old Dominion Freight Line shares trade at around 40x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Old Dominion Freight Line's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.6456. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Old Dominion Freight Line's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Old Dominion Freight Line's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1 billion.
The EBITDA is a measure of a Old Dominion Freight Line's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$3.9 billion|
|Operating margin TTM||20%|
|Gross profit TTM||USD$1.4 billion|
|Return on assets TTM||12.57%|
|Return on equity TTM||20.38%|
|Market capitalisation||USD$23.7 billion|
TTM: trailing 12 months
There are currently 2.3 million Old Dominion Freight Line shares held short by investors – that's known as Old Dominion Freight Line's "short interest". This figure is 26.5% up from 1.8 million last month.
There are a few different ways that this level of interest in shorting Old Dominion Freight Line shares can be evaluated.
Old Dominion Freight Line's "short interest ratio" (SIR) is the quantity of Old Dominion Freight Line shares currently shorted divided by the average quantity of Old Dominion Freight Line shares traded daily (recently around 1.0 million). Old Dominion Freight Line's SIR currently stands at 2.3. In other words for every 100,000 Old Dominion Freight Line shares traded daily on the market, roughly 2300 shares are currently held short.
However Old Dominion Freight Line's short interest can also be evaluated against the total number of Old Dominion Freight Line shares, or, against the total number of tradable Old Dominion Freight Line shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Old Dominion Freight Line's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Old Dominion Freight Line shares in existence, roughly 20 shares are currently held short) or 0.0242% of the tradable shares (for every 100,000 tradable Old Dominion Freight Line shares, roughly 24 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Old Dominion Freight Line.
Find out more about how you can short Old Dominion Freight Line stock.
Dividend payout ratio: 11.49% of net profits
Recently Old Dominion Freight Line has paid out, on average, around 11.49% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.3% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Old Dominion Freight Line shareholders could enjoy a 0.3% return on their shares, in the form of dividend payments. In Old Dominion Freight Line's case, that would currently equate to about $0.6 per share.
While Old Dominion Freight Line's payout ratio might seem low, this can signify that Old Dominion Freight Line is investing more in its future growth.
Old Dominion Freight Line's most recent dividend payout was on 16 September 2020. The latest dividend was paid out to all shareholders who bought their shares by 1 September 2020 (the "ex-dividend date").
Old Dominion Freight Line's shares were split on a 3:2 basis on 25 March 2020. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Old Dominion Freight Line shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Old Dominion Freight Line shares which in turn could have impacted Old Dominion Freight Line's share price.
Over the last 12 months, Old Dominion Freight Line's shares have ranged in value from as little as $119.01 up to $227.21. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Old Dominion Freight Line's is 1.053. This would suggest that Old Dominion Freight Line's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2019, it owned 9,296 tractors, as well as operated 236 service and 42 maintenance centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.
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