Old Dominion Freight Line Shares Rise 1.46% to $383.28 on Positive Trading Session
July 19, 2023
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Old Dominion Freight ($NASDAQ:ODFL) Line Inc., a leading provider of transportation and logistics services throughout the United States, saw its stock rise 1.46% to $383.28 on Monday. This positive performance reflects the generally favorable trading session in the stock market, with several major indices reaching record highs. This increase follows the strong performance of the company’s stock in the preceding weeks, proving the confidence of investors in the company’s potential. It offers a wide range of services, such as standard, air and ground shipping, freight forwarding and warehousing services, custom distribution services, supply chain consulting services, and much more.
The company has been rapidly growing in popularity among both consumers and business clients due to its reliable and top-notch services. It has also been successful in expanding its service base to include international operations as well as a wide array of value-added services.
Analysis
At GoodWhale, we recently conducted an analysis of OLD DOMINION FREIGHT LINE’s wellbeing. We can confidently determined that, according to our Risk Rating, OLD DOMINION FREIGHT LINE is a low risk investment in terms of financial and business aspects. However, our analysis did detect one risk warning in the company’s balance sheet. To find out more details about this warning, we recommend that you become a registered user of GoodWhale. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ODFL. More…
| Total Revenues | Net Income | Net Margin |
| 6.2k | 1.36k | 22.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ODFL. More…
| Operations | Investing | Financing |
| 1.69k | -547.47 | -1.42k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ODFL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.96k | 1.21k | 33.22 |
Key Ratios Snapshot
Some of the financial key ratios for ODFL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.8% | 30.2% | 29.4% |
| FCF Margin | ROE | ROA |
| 14.8% | 31.2% | 23.0% |
Peers
Old Dominion Freight Line Inc is a company that provides transportation and logistics services. The company has been in operation for over 100 years and has a network of more than 200 locations across the United States. The company’s main competitors are ParcelPal Logistics Inc, MaltaPost PLC, and ANE (Cayman) Inc.
– ParcelPal Logistics Inc ($OTCPK:PTNYF)
ParcelPal Logistics Inc is a Canadian technology company that provides on-demand delivery and logistics services. The company offers a range of services including same-day delivery, last-mile delivery, and white-glove delivery. ParcelPal Logistics Inc has a market cap of 2.13M as of 2022 and a return on equity of -1572.25%. The company was founded in 2014 and is headquartered in Vancouver, Canada.
– MaltaPost PLC ($LTS:0IVO)
MaltaPost PLC is the national postal operator of Malta. It was founded in 1858 as the Post Office Department and became a public limited company in 2002. The company is headquartered in Valletta and has a network of 62 post offices across the Maltese Islands.
MaltaPost PLC has a market cap of 41.8M as of 2022, a Return on Equity of 3.87%. The company provides postal and courier services in Malta and Gozo. It also offers logistics and e-commerce solutions.
– ANE (Cayman) Inc ($SEHK:09956)
Cayman Islands-based CAYMAN (Cayman) Inc is a holding company that, through its subsidiaries, engages in the provision of financial services. The company’s subsidiaries include Cayman National Bank and Trust Company, Cayman National Insurance Company, Cayman National Corporation (CNC), and Cayman National Investment Services. CAYMAN (Cayman) Inc has a market cap of 2.67B as of 2022, a Return on Equity of 16.69%.
Cayman National Bank and Trust Company is a full-service bank that provides personal and corporate banking services, including savings accounts, checking accounts, loans, and credit products. Cayman National Insurance Company offers a range of insurance products, including life insurance, health insurance, and property and casualty insurance. Cayman National Corporation is a holding company that owns and operates a number of businesses in the Cayman Islands, including a printing company, a water utility, and a real estate development company. Cayman National Investment Services is an investment management company that offers a range of investment products and services, including asset management, investment advisory, and financial planning services.
Summary
Old Dominion Freight Line Inc. experienced a strong trading session on Monday, with its stock prices increasing by 1.46% to $383.28. This is a positive sign for investors, suggesting that there is potential for further growth in the company. Despite the current economic climate, Old Dominion Freight Line has managed to maintain a steady performance and is likely to remain a reliable investment in the near future.
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