Here's Why You Should Avoid Old Dominion (ODFL) Stock Now [Yahoo! Finance]
Old Dominion Freight Line, Inc. (ODFL)
Last old dominion freight line, inc. earnings: 4/23 07:00 am
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US:NASDAQ Investor Relations:
odfl.com/financials
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Source: Yahoo! Finance
Capital expenditures, though aimed at driving long-term growth, may hurt the company in the near term. Capex was $225.1 million in 2020, $550.1 million in 2021, $775.1 million in 2022 and $757.3 million in 2023. For 2024, ODFL anticipates its total capital expenditures to be approximately $750 million. Of the total, $350 million is anticipated to be invested in real estate and service center expansion projects, $325 million in tractors and trailers, and $75 million in information technology and other assets. The elevated capex may hurt the company's free cash flow generating ability. Weakness in ODFL's main unit, LTL services, represents a huge concern. Segmental revenues declined 6% year over year in 2023. Due to lackluster revenues, the operating ratio in 2023 increased to 71.8% from 71.2% in 2022. A lower value of the metric is preferable. The truck industry, of which Old Dominion is an integral part, has been persistently battling driver shortage for several years. As old dri
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News
- Old Dominion Freight Line First Quarter 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at TD Cowen from $209.00 to $206.00. They now have a "hold" rating on the stock.MarketBeat
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at Barclays PLC from $210.00 to $205.00. They now have an "equal weight" rating on the stock.MarketBeat
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at JPMorgan Chase & Co. from $231.00 to $219.00. They now have a "neutral" rating on the stock.MarketBeat
ODFL
Earnings
- 4/24/24 - Beat
ODFL
Sec Filings
- 4/24/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- 4/15/24 - Form ARS
- ODFL's page on the SEC website