Old Dominion Freight Line Inc., a leading transportation company, observed mixed market performance recently, both underperforming and outperforming its competitors on different days. The company saw various investment activities with
Jump Financial LLC,
UBS Group AG,
Principal Securities Inc., and
Norges Bank increasing their holdings while
International Assets Investment Management LLC lowered theirs. Old Dominion also joined the
S&P 500 benchmark and declared a quarterly cash dividend of
$0.26 per share. Despite a stock crash, it saw a long-term stock growth of
319% over the last five years. Old Dominion managed to match analyst EPS estimates for Q1 2024 but missed revenue targets. Its mixed earnings led to varied analyst reviews, with
Wells Fargo maintaining an overweight recommendation and
Robert W. Baird upgrading Old Dominion to Outperform. However, others advised avoiding the stock amid these conditions. The company continued to expand in Northeast and declared a
2:1 stock split. Analysts predict growth for the firm's Q1 2025 earnings.
Old Dominion Freight Line ODFL News Analytics from Thu, 14 Sep 2023 07:00:00 GMT to Wed, 22 May 2024 20:59:00 GMT -
Rating 5
- Innovation 4
- Information 6
- Rumor -4
