Why We Like The Returns At Old Dominion Freight Line (NASDAQ:ODFL) [Yahoo! Finance]
Old Dominion Freight Line, Inc. (ODFL)
Last old dominion freight line, inc. earnings: 4/23 07:00 am
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odfl.com/financials
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Source: Yahoo! Finance
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at the ROCE trend of Old Dominion Freight Line NASDAQ:ODFL ) we really liked what we saw. Understanding Return On Capital Employed (ROCE) For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Old Dominion Freight Line: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.33 = US$1.6b ÷ (US$5.5b - US$545m) (Based on the trailing twelve months to December 2023) Thus, Old Dominion Freight Line has an ROCE of 33%. In absolute terms that's a great return and it's even better than the Transportation industry average of
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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