|Bid||165.91 x 800|
|Ask||166.05 x 800|
|Day's Range||164.15 - 167.43|
|52 Week Range||115.00 - 171.87|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||21.11|
|Forward Dividend & Yield||0.68 (0.41%)|
|1y Target Est||N/A|
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a stock with outstanding fundamental characteristics. When we build...
Old Dominion Freight Line Inc. (NASDAQ: ODFL) experienced more volume woes in July, a continuation of weaker demand seen by the less-than-truckload (LTL) carrier from second quarter 2019. In its August 7, 2019 post-market close 10-Q filing with the U.S. Securities and Exchange Commission, the Thomasville, North Carolina-based carrier reported a 6 percent decline in tons per day in July when compared to July 2018 tonnage. LTL shipments declined 5.3 percent and weight per shipment was 0.7 percent lower.
Higher LTL service revenues and increased efficiencies lift Old Dominion's (ODFL) Q2 results. However, a sluggish freight environment partly affects the performance.
The overall market for less-than-truckload shipments is showing signs of cracking, but Old Dominion Freight was able to squeeze out another record quarter.
Old Dominion Freight Line Inc.'s (NASDAQ: ODFL) yield management prowess, which helped the less-than-truckload (LTL) carrier blast through second quarter macroeconomic weakness and post record quarterly earnings per share, revenue and operating ratio, will be tested in coming months as flat-to-down traffic trends are expected to persist. Old Dominion reported a 6.3 year-over-year decline in tonnage in the quarter, along with a 2.6 percent drop in shipments and a 3.8 percent drop in weight per shipment. In addition, July tonnage is trending below seasonal levels, Chairman and CEO Greg Gantt said on a July 25 call with analysts to discuss the company's second quarter results.
Less-than-truckload (LTL) carrier Old Dominion Freight Line, Inc. (NASDAQ: ODFL) on Thursday posted record quarterly revenue, earnings per share and operating ratio in its second quarter despite year-on-year declines in tonnage, volume and average shipment weight, as its renowned yield management capabilities offset the impact of weaker industry demand. Thomasville, North Carolina-based Old Dominion reported earnings per diluted share of $2.16, an 8.5 percent increase over year-earlier figures, and $0.05 per share above median estimates of analysts polled by Barchart. Operating income increased 6.4 percent to $234.5 million, while net income increased 6.5 percent to $174 million.
Old Dominion (ODFL) delivered earnings and revenue surprises of 2.37% and -1.29%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
UPS stock was up nearly 3% in premarket trading on July 24. The upswing came after it reported better-than-expected second-quarter results.
A look at the shareholders of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) can tell us which group is most powerful...
UPS is scheduled to report its second-quarter earnings results on July 24. Estimates suggest that things aren't looking good for it this quarter.
Old Dominion (ODFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by nearly 9 percentage points since the end of the third quarter of 2018 as investors worried over the possible ramifications of rising interest rates and escalation of the trade war with China. The hedge funds and institutional investors we track typically invest more […]
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Old Dominion Freight Line Inc NASDAQ/NGS:ODFLView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for ODFL with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.50 billion over the last one-month into ETFs that hold ODFL are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
D.F. Chase Inc., headquartered in Nashville, Tennessee, filed to build a 53,326-square-foot facility estimated to cost $6 million.