Investing In Old Dominion Freight Line, Inc. (NASDAQ: ODFL): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NASDAQ and operates within the Trucking industry segment. At the end of the last regular session, the stock closed at $219.95 and fluctuated between $225.78 as its day high and $218.79 as its day low. The current market capitalization of Old Dominion Freight Line, Inc. is $47.88B. A total of 1.1 million shares were traded on the day, compared to an average of 1.33M shares.

In the most recent transaction, Kasarda John D. sold 7,972 shares of ODFL for 442.15 per share on Feb 27 ’24. After the transaction, the Director now owns 6,770 company shares. In a previous transaction on Feb 23 ’24, CONGDON DAVID S sold 34,000 shares at 440.97 per share. ODFL shares that Executive Chairman owns now total 732,712.

Among the insiders who sold shares, CONGDON DAVID S disposed of 24,100 shares on Nov 10 ’23 at a per-share price of $390.59. This resulted in the Executive Chairman holding 766,754 shares of ODFL after the transaction. In another insider transaction, CONGDON DAVID S sold 2,400 shares at $390.14 per share on Nov 09 ’23. Company shares held by the Executive Chairman now total 798,604.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Old Dominion Freight Line, Inc. pays an annual dividend of $0.86, resulting in a dividend yield of 0.39%, and it has a price to earnings (P/E) ratio of 39.06. ODFL’s most recent ex-dividend date was 3/5/2024 when it declared a $0.26 quarterly dividend that was paid in cash on 3/20/2024. Previously, the company paid the dividend on 12/20/2023 with an ex-dividend date of 12/5/2023. The ODFL stock dividend was $0.20 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, ODFL has a high of $227.80 and a low of $147.90.

As of this writing, ODFL has an earnings estimate of $OMFL per share for the current quarter.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 $19.54, while its Total Shareholder’s Equity was $3.68B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.39.

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