Old Dominion Freight Line Stock Rises By 30% In The Last 21 Sessions

(VIANEWS) – Shares of Old Dominion Freight Line (NASDAQ: ODFL) jumped by a staggering 30.87% in 21 sessions from $281.49 at 2023-01-05, to $368.38 at 15:13 EST on Monday, following the last session’s downward trend. NASDAQ is dropping 0.73% to $11,918.81, following the last session’s downward trend.

Old Dominion Freight Line’s last close was $371.01, 2.83% below its 52-week high of $381.81.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2021, it owned and operated 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers; 3 fleet maintenance centers; and 251 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.

Earnings Per Share

As for profitability, Old Dominion Freight Line has a trailing twelve months EPS of $6.27.

PE Ratio

Old Dominion Freight Line has a trailing twelve months price to earnings ratio of 58.72. Meaning,
the purchaser of the share is investing $58.72 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 38.18%.

Volume

Today’s last reported volume for Old Dominion Freight Line is 391849 which is 54.55% below its average volume of 841688.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Dec 5, 2022, the estimated forward annual dividend rate is 1.2 and the estimated forward annual dividend yield is 0.44%.

Sales Growth

Old Dominion Freight Line’s sales growth is 7% for the current quarter and 4.5% for the next.

More news about Old Dominion Freight Line (ODFL).

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