Old Dominion Freight Line Inc. (NASDAQ:ODFL) has a beta of 1.02, a 12-month trailing P/E ratio of 39.74, and a growth ratio of 2.00. The stock’s Relative Strength Index (RSI) is 39.42, with weekly volatility at 1.86% and ATR at 5.77. The ODFL stock’s 52-week price range has touched low of $161.07 and a $276.09 high. Its shares traded lower over the last trading session, losing -1.29% on 06/17/21. The shares fell to a low of $245.89 before closing at $249.19. Intraday shares traded counted 0.54 million, which was 23.1% higher than its 30-day average trading volume of 698.61K. ODFL’s previous close was $252.44 while the outstanding shares total 116.50M.
Investors have identified the Trucking company Old Dominion Freight Line Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $28.59 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Old Dominion Freight Line Inc. (ODFL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.22 billion total, with 513.86 million as their total liabilities.
ODFL were able to record 259.36 million as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by -49.53 million. In cash movements, the company had a total of 310.31 million as operating cash flow.
Potential earnings growth for Old Dominion Freight Line Inc. (ODFL)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, Old Dominion Freight Line Inc. recorded a total of 1.13 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 12.35% coming in sequential stages and their sales for the 07/29/2021 quarter increasing by 4.72%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 34.71 million trying to sell their products during the last quarter, with the result yielding a gross income of 1.09 billion. This allows shareholders to hold on to 116.50M with the recently reported earning now reading 1.71 cents per share. This is a figure that compared to analyst’s prediction for their 07/29/2021 (1.70 cents a share).
Having a look at the company’s valuation, the company is expected to record 8.89 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ODFL sounds very interesting.
Is the stock of ODFL attractive?
In related news, SVP – Sales, Plemmons Gregory B sold 1,102 shares of the company’s stock in a transaction that recorded on Nov 17. The sale was performed at an average price of 205.59, for a total value of 226,560. As the sale deal closes, the Director, SUGGS LEO H now sold 4,500 shares of the company’s stock, valued at 900,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
7 out of 18 analysts covering the stock have rated it a Buy, while 8 have maintained a Hold recommendation on Old Dominion Freight Line Inc.. 1 analysts has assigned a Sell rating on the ODFL stock. The 12-month mean consensus price target for the company’s shares has been set at $266.40.