Is Old Dominion Stock a Good Investment?
Old Dominion Investment Advice | ODFL |
- Examine Old Dominion's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Old Dominion's leadership team and their track record. Good management can help Old Dominion navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Cargo Ground Transportation space and any emerging trends that could impact Old Dominion's business and its evolving consumer preferences.
- Compare Old Dominion's performance and market position to its competitors. Analyze how Old Dominion is positioned in terms of product offerings, innovation, and market share.
- Check if Old Dominion pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Old Dominion's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Old Dominion Freight stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Old Dominion Freight is a good investment.
Sell | Buy |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Old Dominion Stock
Researching Old Dominion's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 81.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 2.63. Old Dominion Freight recorded earning per share (EPS) of 5.49. The entity last dividend was issued on the 5th of March 2025. The firm had 2:1 split on the 28th of March 2024.
To determine if Old Dominion is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Old Dominion's research are outlined below:
| Old Dominion Freight generated a negative expected return over the last 90 days | |
| Old Dominion Freight is unlikely to experience financial distress in the next 2 years | |
| Old Dominion Freight has a strong financial position based on the latest SEC filings | |
| Over 81.0% of the company shares are owned by institutional investors | |
| On 19th of March 2025 Old Dominion paid $ 0.28 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: FedEx Faces Challenges with Lowered Guidance and Economic Headwinds |
Old Dominion Quarterly Cost Of Revenue |
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Old Dominion uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Old Dominion Freight. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Old Dominion's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 31st of January 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Old Dominion's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Old Dominion's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2010-04-28 | 2010-03-31 | 0.05 | 0.06 | 0.01 | 20 | ||
2010-01-28 | 2009-12-31 | 0.07 | 0.08 | 0.01 | 14 | ||
2008-04-22 | 2008-03-31 | 0.09 | 0.08 | -0.01 | 11 | ||
2007-04-26 | 2007-03-31 | 0.1 | 0.11 | 0.01 | 10 | ||
2006-04-27 | 2006-03-31 | 0.09 | 0.1 | 0.01 | 11 | ||
2005-07-22 | 2005-06-30 | 0.1 | 0.11 | 0.01 | 10 | ||
2005-04-22 | 2005-03-31 | 0.07 | 0.08 | 0.01 | 14 | ||
2003-01-30 | 2002-12-31 | 0.04 | 0.05 | 0.01 | 25 |
Old Dominion Target Price Consensus
Old target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Old Dominion's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 24 | Buy |
Most Old analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Old stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Old Dominion Freight, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationOld Dominion Target Price Projection
Old Dominion's current and average target prices are 168.20 and 199.67, respectively. The current price of Old Dominion is the price at which Old Dominion Freight is currently trading. On the other hand, Old Dominion's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Old Dominion Market Quote on 25th of March 2025
Target Price
Analyst Consensus On Old Dominion Target Price
Old Dominion Analyst Ratings
Old Dominion's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Old Dominion stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Old Dominion's financials, market performance, and future outlook by experienced professionals. Old Dominion's historical ratings below, therefore, can serve as a valuable tool for investors.Know Old Dominion's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Old Dominion is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Old Dominion Freight backward and forwards among themselves. Old Dominion's institutional investor refers to the entity that pools money to purchase Old Dominion's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Fmr Inc | 2024-12-31 | 2.5 M | Capital World Investors | 2024-12-31 | 2.5 M | Northern Trust Corp | 2024-12-31 | 2 M | Jpmorgan Chase & Co | 2024-12-31 | 1.7 M | First Trust Advisors L.p. | 2024-12-31 | 1.5 M | T. Rowe Price Investment Management,inc. | 2024-12-31 | 1.4 M | Wellington Management Company Llp | 2024-12-31 | 1.4 M | Legal & General Group Plc | 2024-12-31 | 1.3 M | Ameriprise Financial Inc | 2024-12-31 | 1.3 M | Vanguard Group Inc | 2024-12-31 | 22.3 M | Blackrock Inc | 2024-12-31 | 16.9 M |
Old Dominion's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 36.14 B.Market Cap |
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Old Dominion's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.22 | 0.23 | |
| Return On Capital Employed | 0.31 | 0.33 | |
| Return On Assets | 0.22 | 0.23 | |
| Return On Equity | 0.28 | 0.29 |
Determining Old Dominion's profitability involves analyzing its financial statements and using various financial metrics to determine if Old Dominion is a good buy. For example, gross profit margin measures Old Dominion's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Old Dominion's profitability and make more informed investment decisions.
Evaluate Old Dominion's management efficiency
Old Dominion Freight has return on total asset (ROA) of 0.1754 % which means that it generated a profit of $0.1754 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.279 %, meaning that it created $0.279 on every $100 dollars invested by stockholders. Old Dominion's management efficiency ratios could be used to measure how well Old Dominion manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is expected to rise to 0.23 this year. Return On Capital Employed is expected to rise to 0.33 this year. At this time, Old Dominion's Fixed Asset Turnover is quite stable compared to the past year. Return On Assets is expected to rise to 0.23 this year, although the value of Other Assets will most likely fall to 1.09.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 19.71 | 20.70 | |
| Tangible Book Value Per Share | 19.71 | 20.70 | |
| Enterprise Value Over EBITDA | 19.94 | 20.94 | |
| Price Book Value Ratio | 8.95 | 9.40 | |
| Enterprise Value Multiple | 19.94 | 20.94 | |
| Price Fair Value | 8.95 | 9.40 | |
| Enterprise Value | 39.7 B | 41.7 B |
The strategic decisions made by Old Dominion management significantly impact its financial stability and market performance. Evaluating these factors helps determine whether the stock is a worthwhile investment.
Basic technical analysis of Old Stock
As of the 25th of March, Old Dominion holds the Variance of 4.76, coefficient of variation of (1,035), and Risk Adjusted Performance of (0.08). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Old Dominion, as well as the relationship between them. Please check Old Dominion Freight mean deviation, information ratio, as well as the relationship between the Information Ratio and potential upside to decide if Old Dominion Freight is priced some-what accurately, providing market reflects its current price of 168.2 per share. Given that Old Dominion has information ratio of (0.08), we recommend you to check out Old Dominion Freight's recent market performance to make sure the company can sustain itself at a future point.Old Dominion's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Old Dominion insiders, such as employees or executives, is commonly permitted as long as it does not rely on Old Dominion's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Old Dominion insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Old Dominion's Outstanding Corporate Bonds
Old Dominion issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Old Dominion Freight uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Old bonds can be classified according to their maturity, which is the date when Old Dominion Freight has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 4875 Corp BondUS55336VAJ98 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Understand Old Dominion's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Old Dominion's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.18) | |||
| Mean Deviation | 1.61 | |||
| Coefficient Of Variation | (1,035) | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.76 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.19) | |||
| Maximum Drawdown | 13.98 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 2.54 | |||
| Skewness | (0.91) | |||
| Kurtosis | 2.93 |
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.18) | |||
| Mean Deviation | 1.61 | |||
| Coefficient Of Variation | (1,035) | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.76 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.19) | |||
| Maximum Drawdown | 13.98 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 2.54 | |||
| Skewness | (0.91) | |||
| Kurtosis | 2.93 |
Consider Old Dominion's intraday indicators
Old Dominion intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Old Dominion stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 168.2 | |||
| Day Typical Price | 168.2 | |||
| Price Action Indicator | (0.93) | |||
| Period Momentum Indicator | (1.85) | |||
| Relative Strength Index | 36.27 |
Old Dominion Corporate Filings
8K | 4th of March 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 3rd of March 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 14th of February 2025 Other Reports | ViewVerify | |
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
Old Stock media impact
Far too much social signal, news, headlines, and media speculation about Old Dominion that are available to investors today. That information is available publicly through Old media outlets and privately through word of mouth or via Old internal channels. However, regardless of the origin, that massive amount of Old data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Old Dominion news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Old Dominion relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Old Dominion's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Old Dominion alpha.
Old Dominion Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Old Dominion can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Old Dominion Freight Historical Investor Sentiment
Investor biases related to Old Dominion's public news can be used to forecast risks associated with an investment in Old. The trend in average sentiment can be used to explain how an investor holding Old can time the market purely based on public headlines and social activities around Old Dominion Freight. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Old Dominion's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Old Dominion and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Old Dominion news discussions. The higher the estimate score, the more favorable the investor's outlook on Old Dominion.
Old Dominion Corporate Management
| Cecil Overbey | Sr. VP of Marketing Pricing and Strategic Devel. | Profile | |
| Clayton Brinker | VP Officer | Profile | |
| Sam Faucette | Vice Compliance | Profile | |
| Kimberly Maready | Principal Accounting Officer | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Dominion Freight. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Old Dominion. If investors know Old will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Old Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.17) | Dividend Share 1.04 | Earnings Share 5.49 | Revenue Per Share | Quarterly Revenue Growth (0.07) |
The market value of Old Dominion Freight is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old Dominion's value that differs from its market value or its book value, called intrinsic value, which is Old Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Old Dominion's market value can be influenced by many factors that don't directly affect Old Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Old Dominion's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Old Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.