Old Dominion Freight Line (ODFL) has recently seen a variety of investment adjustments. Advisory Services Network LLC and Parallel Advisors LLC have both reduced their shares, while Evoke Wealth LLC, Parnassus Investments LLC and PNC Financial Services Group Inc. have all increased theirs. Despite experiencing some underperformance compared with competitors on certain days, ODFL's five-year total shareholder return has outpaced its earnings growth. Its presence in the Northeast is expanding as part of an 'LTL land rush'. Amid some cost-related challenges, ODFL continues to deliver dividends and buybacks for its shareholders. The company has strong institutional backing, with approximately 73%-74% owned by institutional shareholders. ODFL also posted solid LTL Unit Performance in November. Its Q4 performance reflected a weak freight market but it managed to top estimates for earnings and revenues. Its Q1 earnings were in line with expectations, matching analyst EPS estimates. However, the company's stock split announcement caused a dip in stock value. Despite some challenges, the financial strength of ODFL remains robust, contributing to its ongoing earnings growth. Market value analyses reveal that now may be a good time to examine ODFL, particularly in light of its strong financials and dividend growth.
Old Dominion Freight Line ODFL News Analytics from Thu, 14 Sep 2023 07:00:00 GMT to Sat, 01 Jun 2024 12:59:15 GMT -
Rating -3
- Innovation 7
- Information 8
- Rumor -5
