Streetbeat News

ODFL

Old Dominion Freight Line, Inc.

https://www.odfl.com

Industry

Trucking

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, 2021, it owned and operated 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers; 3 fleet maintenance centers; and 251 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.

Open

222.14

Mkt cap

48B

Volume

1.1M

High

226.40

P/E Ratio

39.46

52-wk high

231.36

Low

220.56

Div yield

0.01

52-wk low

165.49

Goldman Sachs analyst Jordan Alliger has maintained a Neutral rating on Old Dominion Freight Line (ODFL) and increased the price target from $400 to $444.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:48 pm

Susquehanna analyst Bascome Majors maintains a Positive rating on Old Dominion Freight Line (ODFL) and raises the price target from $465 to $515.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:22 pm

Old Dominion Freight Line (NASDAQ:ODFL) has significantly outperformed the market with an average annual return of 30.54% over the past 15 years, turning a $100 investment into $5,277.19 today. The company now has a market capitalization of $44.59 billion.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 7:30 pm

Old Dominion Freight Line Inc (NASDAQ:ODFL) reported Q4 FY23 results with a marginal revenue increase of 0.3% Y/Y to $1.496 billion, slightly missing consensus estimates. The company saw a 3.0% rise in LTL revenue per hundredweight but a 2.0% decrease in LTL tons per day. Operating income fell 2.1% Y/Y, and EPS of $2.94 beat estimates. The board raised the quarterly dividend by 30% to $0.52 per share. Despite a weak economy, ODFL's investments in employees, service centers, equipment, and technology position it well for future demand increases. Shares rose 1.03% to $399.94.

Portfolio Pulse from Lekha Gupta

January 31, 2024 | 6:20 pm

Ahead of the FOMC meeting, the Nasdaq 100 and S&P 500 fell due to disappointing earnings from tech companies like Alphabet and AMD. The ADP National Employment Report showed slower job growth, and the VIX rose. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. The SPDR S&P Regional Banking ETF dropped after New York Community Bancorp reported a loss. Other stocks moved on earnings reports, with Boeing rallying on strong results.

Portfolio Pulse from Piero Cingari

January 31, 2024 | 5:45 pm

Old Dominion Freight Line (ODFL) reported Q4 earnings of $2.94 per share, surpassing the consensus estimate of $2.85, marking a 0.68% year-over-year increase. However, their quarterly sales of $1.50B slightly missed the estimate by 0.27%, though it's a 0.27% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:03 pm

A comprehensive list of companies is scheduled to report earnings on January 31, 2024, before and after the bell. The list includes a variety of sectors with projected earnings per share and revenue. Notable companies include Novartis, Boeing, Mastercard, and Qualcomm, among others. Some companies are expected to report losses, such as Regis and Silicon Laboratories.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 11:09 am

Old Dominion Freight Line (NASDAQ:ODFL) is expected to report an EPS of $2.85 in its upcoming quarterly earnings on January 31, 2024. Investors are looking for an earnings beat and positive guidance for future growth. Historically, ODFL's stock price has shown mixed reactions to earnings reports. Shares are currently trading at $397.23, with a 7.22% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 4:01 pm

The past week's earnings reports from companies like Tesla, Intel, and Texas Instruments were disappointing, affecting market sentiment. However, Netflix's strong performance provided some optimism. With 25% of S&P 500 companies having reported, 69% beat EPS estimates and 68% beat revenue estimates. The upcoming week is tech-heavy with earnings from Microsoft and Apple being highly anticipated, especially Microsoft's AI initiatives. FactSet expects six 'Mag 7' companies, excluding Tesla, to report a 53.7% year-over-year earnings growth for Q4. Energy sector earnings are also to be watched due to low crude oil prices. The SPDR S&P 500 ETF Trust (SPY) saw a slight premarket increase.

Portfolio Pulse from Shanthi Rexaline

January 29, 2024 | 10:51 am

Stifel analyst J. Bruce Chan has reaffirmed a Buy rating on Old Dominion Freight Line (NASDAQ:ODFL) and increased the price target from $416 to $434.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 3:44 pm

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