165.53 0.00 (0.00%)
After hours: 5:53PM EDT
|Bid||165.55 x 800|
|Ask||165.60 x 800|
|Day's Range||164.85 - 166.73|
|52 Week Range||115.00 - 171.87|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||21.05|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||0.68 (0.41%)|
|1y Target Est||160.00|
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 Freight Line, Inc. (ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.17 per share of common stock, payable on September 18, 2019, to shareholders of record at the close of business on September 4, 2019. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
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.
'Is not the Fed now operating on the dual mandate of arsonist - and fireman?' -- Jim Grant, Grant’s Interest Rate Observer Continue reading...
THOMASVILLE, N.C. , June 27, 2019 /PRNewswire/ -- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its second quarter 2019 financial results before opening of trading ...
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