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Wednesday, December 6, 2023

Make Sure You Stick With Old Dominion Freight Line, Inc. (ODFL). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Old Dominion Freight Line, Inc. (ODFL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $7.37, or 1.88%, to $400.00. The Old Dominion Freight Line, Inc. has recorded 38,952 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Old Dominion Freight Line Reports Third Quarter 2023 Earnings Per Diluted Share of $3.09.

Stocks Info

Old Dominion Freight Line, Inc. is listed on the NASDAQ in the Industrials sector while operating in the Trucking industry. At the end of the last regular session, the stock closed at $392.63 and fluctuated between $393.24 as its day high and $385.37 as its day low. The current market capitalization of Old Dominion Freight Line, Inc. is $42.84B. A total of 0.58 million shares were traded on the day, compared to an average of 659.58K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ODFL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 69 SELLs from insiders. Insiders purchased 39,837 shares during that period but sold 36,288.

In the most recent transaction, Stith Thomas A. III sold 225 shares of ODFL for 411.66 per share on Aug 11. After the transaction, the Director now owns 1,342 company shares. In a previous transaction on Aug 10, Hartsell Steven W. sold 403 shares at 405.33 per share. ODFL shares that SVP – Sales owns now total 491.

Among the insiders who sold shares, Bates David J. disposed of 1,208 shares on Feb 27 at a per-share price of $344.71. This resulted in the SVP – Operations holding 14,082 shares of ODFL after the transaction. In another insider transaction, CONGDON DAVID S sold 20,000 shares at $351.82 per share on Feb 16. Company shares held by the Executive Chairman now total 822,707.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Old Dominion Freight Line, Inc. pays an annual dividend of $1.48, resulting in a dividend yield of 0.38%, and it has a price to earnings (P/E) ratio of 34.95. ODFL’s most recent ex-dividend date was 12/5/2023 when it declared a $0.40 quarterly dividend that was paid in cash on 12/20/2023. Previously, the company paid the dividend on 9/20/2023 with an ex-dividend date of 9/5/2023. The ODFL stock dividend was $0.40 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ODFL in the last 3 months, the mean price target is $411.89 with high estimates of $490.00 and low estimates of $330.00. In terms of 52-week highs and lows, ODFL has a high of $438.05 and a low of $277.49.

As of this writing, ODFL has an earnings estimate of $2.92 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $3.02 per share and a lower estimate of $2.83. The company reported an EPS of $2.58 in the last quarter, which was -4.40% lower than expectations of $2.7.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ODFL’s latest balance sheet shows that the firm has $717.00M in Cash & Short Term Investments as of fiscal 2021. There were $99.95M in debt and $464.23M in liabilities at the time. Its Book Value Per Share was $37.22, while its Total Shareholder’s Equity was $3.68B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ODFL is Buy with a score of 3.81.

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