Old Dominion Freight Line (ODFL) has generated mixed news recently. Performance in Q4 2024 beat estimates, with the company reporting an EPS of $1.23 and revenues of $1,385.8 million. Yet revenues slid by 7.3% compared to previous performances, although a dividend increased was announced amid service victories. Despite the revenue drop, the firm exceeded Q4 estimates, getting a PT increased to $208 at BofA Securities. Interestingly, several fund management firms have reduced their positions in the company. ODFL's Q4 performance showed robust EPS growth, but saw a decrease in comparison to the previous year. Still, this did not deter firms like Mirae Asset Global Investments Co. Ltd., Capital Insight Partners LLC, and Ibex Wealth Advisors from increasing positions or establishing new ones. Alongside this, ODFL issued a general rate increase of 4.9% due to rising costs. However, the firm's shares have also seen a gap up due to strong earnings. While there is potential for strong price appreciation according to Morgan Stanley, others forecast intrinsic value to be potentially 25% below its share price.
Old Dominion Freight Line ODFL News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 08 Feb 2025 09:16:28 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor -2
