A new trading day began on Friday, with Old Dominion Freight Line, Inc. (NASDAQ: ODFL) stock price down -0.98% from the previous day of trading, before settling in for the closing price of $201.52. ODFL’s price has ranged from $165.49 to $227.80 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 8.61%. Meanwhile, its annual earnings per share averaged -1.13%. With a float of $185.07 million, this company’s outstanding shares have now reached $217.93 million.
The extent of productivity of a business whose workforce counts for 22902 workers is very important to gauge. In terms of profitability, gross margin is 35.61%, operating margin of 28.04%, and the pretax margin is 28.33%.
Old Dominion Freight Line, Inc. (ODFL) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Trucking Industry. The insider ownership of Old Dominion Freight Line, Inc. is 13.64%, while institutional ownership is 78.02%. The most recent insider transaction that took place on Aug 29 ’24, was worth 1,951,700. In this transaction Executive Chairman of this company sold 10,000 shares at a rate of $195.17, taking the stock ownership to the 1,391,621 shares. Before that another transaction happened on Aug 30 ’24, when Company’s Executive Chairman sold 10,025 for $190.19, making the entire transaction worth $1,906,655. This insider now owns 1,381,596 shares in total.
Old Dominion Freight Line, Inc. (ODFL) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.54 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.13% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.54% during the next five years compared to 17.99% growth over the previous five years of trading.
Old Dominion Freight Line, Inc. (NASDAQ: ODFL) Trading Performance Indicators
Here are Old Dominion Freight Line, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.16. Likewise, its price to free cash flow for the trailing twelve months is 41.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.83, a number that is poised to hit 1.42 in the next quarter and is forecasted to reach 6.27 in one year’s time.
Technical Analysis of Old Dominion Freight Line, Inc. (ODFL)
The latest stats from [Old Dominion Freight Line, Inc., ODFL] show that its last 5-days average volume of 1.23 million was inferior to 1.54 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 67.68%. Additionally, its Average True Range was 5.11.
During the past 100 days, Old Dominion Freight Line, Inc.’s (ODFL) raw stochastic average was set at 66.70%, which indicates a significant increase from 61.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.57% in the past 14 days, which was lower than the 29.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $195.54, while its 200-day Moving Average is $197.06. Now, the first resistance to watch is $201.63. This is followed by the second major resistance level at $203.72. The third major resistance level sits at $205.47. If the price goes on to break the first support level at $197.79, it is likely to go to the next support level at $196.04. Assuming the price breaks the second support level, the third support level stands at $193.95.
Old Dominion Freight Line, Inc. (NASDAQ: ODFL) Key Stats
With a market capitalization of 42.76 billion, the company has a total of 217,285K Shares Outstanding. Currently, annual sales are 5,866 M while annual income is 1,240 M. The company’s previous quarter sales were 1,499 M while its latest quarter income was 322,050 K.
