Why Old Dominion Freight Line Stock Is Down Today [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
Investors were disappointed by its latest update, sending Old Dominion shares down 2.9% as of 2:15 p.m. ET. The "softness" continues Old Dominion and other transportation companies have been stuck in neutral lately, with the company's stock flat over the last six months. The issue is the economy, or at least the perception that things could turn worse from here. Large manufacturers and other big shipping clients have become more cautious, which has taken a lot of the demand out of the trucking market. On Tuesday, Old Dominion reported tepid year-over-year growth in February. Revenue per day was up 1.2% for the month compared to 2023. Weight per shipment was down, but it was partially offset by a 0.2% increase in shipments per day. "Our revenue results turned slightly positive in February but continue to reflect softness in the domestic economy," CEO Marty Freeman said in a statement. "We believe our value proposition is unmatched in the marketplace, which provides us with a tr
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ODFL
News
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) was upgraded by analysts at Vertical Research from a "sell" rating to a "hold" rating. They now have a $175.00 price target on the stock.MarketBeat
- Why I have hated this earnings season — and you might too [Yahoo! Finance]Yahoo! Finance
- 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
ODFL
Earnings
- 4/24/24 - Beat
ODFL
Sec Filings
- 5/2/24 - Form 4
- 4/24/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- ODFL's page on the SEC website