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AMC   6.82 (+0.44%)
PFE   28.71 (-0.28%)
PYPL   58.47 (-1.78%)
XOM   98.16 (-0.96%)

Old Dominion Freight Line Stock Price, News & Analysis (NASDAQ:ODFL)

$371.80
-1.09 (-0.29%)
(As of 03:28 PM ET)
Compare
Today's Range
$367.05
$374.87
50-Day Range
$368.46
$425.76
52-Week Range
$277.49
$438.05
Volume
696,883 shs
Average Volume
766,508 shs
Market Capitalization
$40.57 billion
P/E Ratio
33.08
Dividend Yield
0.43%
Price Target
$395.47

Old Dominion Freight Line MarketRank™ Stock Analysis

Analyst Rating
Hold
2.26 Rating Score
Upside/​Downside
6.8% Upside
$395.47 Price Target
Short Interest
Healthy
2.42% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.90
Upright™ Environmental Score
News Sentiment
0.37mentions of Old Dominion Freight Line in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$14.10 M Sold Last Quarter
Proj. Earnings Growth
18.50%
From $11.19 to $13.26 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Transportation Sector

48th out of 97 stocks

Trucking, Except Local Industry

8th out of 12 stocks


ODFL stock logo

About Old Dominion Freight Line Stock (NASDAQ:ODFL)

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, 2022, it owned and operated 11,274 tractors, 31,252 linehaul trailers, and 14,315 pickup and delivery trailers; 44 fleet maintenance centers; and 255 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.

ODFL Stock Price History

ODFL Stock News Headlines

Recent Reports Are A Wake-Up Call For Investors
As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.
James Madison at Old Dominion odds, tips and betting trends
Recent Reports Are A Wake-Up Call For Investors
As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.
Old Dominion reports muted November
Old Dominion at Northeastern odds, tips and betting trends
See More Headlines
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Company Calendar

Ex-Dividend for 9/20 Dividend
9/05/2023
Dividend Payable
9/20/2023
Last Earnings
10/25/2023
Ex-Dividend for 12/20 Dividend
12/05/2023
Today
12/07/2023
Dividend Payable
12/20/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/07/2024

Industry, Sector and Symbol

Industry
Trucking, except local
Sub-Industry
Trucking
Current Symbol
NASDAQ:ODFL
CUSIP
67958010
Employees
23,471
Year Founded
1934

Price Target and Rating

Average Stock Price Target
$395.47
High Stock Price Target
$473.00
Low Stock Price Target
$297.00
Potential Upside/Downside
+6.1%
Consensus Rating
Hold
Rating Score (0-4)
2.26
Research Coverage
19 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
28.22%

Debt

Sales & Book Value

Annual Sales
$5.86 billion
Cash Flow
$13.75 per share
Book Value
$33.06 per share

Miscellaneous

Free Float
97,766,000
Market Cap
$40.69 billion
Optionable
Optionable
Beta
1.04

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Key Executives

  • Mr. David S. CongdonMr. David S. Congdon (Age 66)
    Executive Chairman of the Board
    Comp: $5.51M
  • Mr. Kevin M. Freeman (Age 64)
    President & CEO
    Comp: $6.15M
  • Mr. Adam N. Satterfield (Age 48)
    Executive VP of Finance, CFO & Assistant Secretary
    Comp: $5.15M
  • Mr. Gregory B. Plemmons (Age 58)
    Executive VP & COO
    Comp: $3.84M
  • Mr. Earl E. Congdon (Age 92)
    Chairman Emeritus & Senior Advisor
    Comp: $3.8M
  • Ms. Kimberly S. Maready (Age 52)
    Principal Accounting Officer and VP of Accounting & Finance
  • Mr. Ross H. Parr (Age 51)
    Senior VP of Legal Affairs, General Counsel & Secretary
  • Sam Faucette
    Vice President of Safety & Compliance
  • Mr. Steven W. HartsellMr. Steven W. Hartsell (Age 55)
    Senior Vice President of Sales
  • Mr. Christopher Thomas Brooks (Age 52)
    Senior Vice President of Human Resources & Safety

Should I Buy Old Dominion Freight Line Stock? ODFL Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Old Dominion Freight Line was last updated on Tuesday, November 28, 2023 at 9:27 AM.

Pros

Here are some ways that investors could benefit from investing in Old Dominion Freight Line, Inc.:

  • Strong Market Position: Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. With its extensive fleet and service centers, the company has established a strong market position in the trucking industry.
  • Value-Added Services: In addition to LTL services, Old Dominion Freight Line, Inc. offers various value-added services such as container drayage, truckload brokerage, and supply chain consulting. These services provide additional revenue streams and enhance the company's competitive advantage.
  • Expedited Transportation: Old Dominion Freight Line, Inc. provides expedited transportation services, which cater to customers with time-sensitive shipments. This offering allows the company to capture higher-margin business and generate additional revenue.
  • Ownership by Insiders: A significant portion of Old Dominion Freight Line, Inc.'s stock is owned by company insiders. This alignment of interests between management and shareholders can be seen as a positive signal, indicating confidence in the company's future prospects.
  • Recent Financial Performance: Old Dominion Freight Line, Inc. has demonstrated strong financial performance in recent periods. Investors may find this attractive as it suggests the company's ability to generate consistent profits and potentially deliver returns.

Cons

Investors should be bearish about investing in Old Dominion Freight Line, Inc. for these reasons:

  • Industry Challenges: The trucking industry, including less-than-truckload (LTL) carriers, faces various challenges such as fuel price volatility, regulatory changes, and competition. These factors can impact Old Dominion Freight Line, Inc.'s profitability and growth prospects.
  • Economic Downturns: Old Dominion Freight Line, Inc.'s business is sensitive to economic conditions. During economic downturns, demand for transportation services may decline, leading to lower volumes and potentially impacting the company's financial performance.
  • Dependence on Fuel Prices: Fuel costs are a significant expense for the trucking industry. Fluctuations in fuel prices can impact Old Dominion Freight Line, Inc.'s operating costs and profitability.
  • Supply Chain Disruptions: Disruptions in the global supply chain, such as natural disasters or geopolitical events, can impact Old Dominion Freight Line, Inc.'s operations and ability to provide reliable transportation services.
  • Regulatory Risks: The trucking industry is subject to various regulations, including safety and environmental regulations. Compliance with these regulations can increase costs and potentially impact Old Dominion Freight Line, Inc.'s operations.














ODFL Stock Analysis - Frequently Asked Questions

Should I buy or sell Old Dominion Freight Line stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ODFL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ODFL, but not buy additional shares or sell existing shares.
View ODFL analyst ratings
or view top-rated stocks.

What is Old Dominion Freight Line's stock price target for 2024?

19 Wall Street research analysts have issued twelve-month price targets for Old Dominion Freight Line's stock. Their ODFL share price targets range from $297.00 to $473.00. On average, they anticipate the company's share price to reach $395.47 in the next year. This suggests a possible upside of 6.8% from the stock's current price.
View analysts price targets for ODFL
or view top-rated stocks among Wall Street analysts.

How have ODFL shares performed in 2023?

Old Dominion Freight Line's stock was trading at $283.78 at the beginning of 2023. Since then, ODFL stock has increased by 30.5% and is now trading at $370.34.
View the best growth stocks for 2023 here
.

When is Old Dominion Freight Line's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our ODFL earnings forecast
.

How were Old Dominion Freight Line's earnings last quarter?

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) issued its earnings results on Wednesday, October, 25th. The transportation company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.20. The transportation company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 32.45% and a net margin of 21.16%. Old Dominion Freight Line's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the business earned $3.36 earnings per share.
Read the conference call transcript
.

How often does Old Dominion Freight Line pay dividends? What is the dividend yield for Old Dominion Freight Line?

Old Dominion Freight Line declared a quarterly dividend on Thursday, October 19th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.40 per share on Wednesday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Tuesday, December 5th.
Read our dividend analysis for ODFL
.

Is Old Dominion Freight Line a good dividend stock?

Old Dominion Freight Line (NASDAQ:ODFL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 0.39%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 12.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ODFL.

When did Old Dominion Freight Line's stock split?

Shares of Old Dominion Freight Line split on the morning of Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly created shares were distributed to shareholders after the market closes on Monday, March 23rd 2020. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

How will Old Dominion Freight Line's stock buyback program work?

Old Dominion Freight Line declared that its board has authorized a stock buyback program on Wednesday, July 26th 2023, which authorizes the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

What is David S. Congdon's approval rating as Old Dominion Freight Line's CEO?

310 employees have rated Old Dominion Freight Line Chief Executive Officer David S. Congdon on Glassdoor.com. David S. Congdon has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Old Dominion Freight Line own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Old Dominion Freight Line investors own include NVIDIA (NVDA), Walt Disney (DIS), Netflix (NFLX), Home Depot (HD), PayPal (PYPL), Mastercard (MA), Intel (INTC), Johnson & Johnson (JNJ), Visa (V) and ServiceNow (NOW).

Who are Old Dominion Freight Line's major shareholders?

Old Dominion Freight Line's stock is owned by a variety of retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (3.20%), JPMorgan Chase & Co. (2.33%), FMR LLC (2.02%), Invesco Ltd. (1.28%), Northern Trust Corp (0.93%) and WCM Investment Management LLC (0.93%). Insiders that own company stock include Bradley R Gabosch, David J Bates, David S Congdon, Leo H Suggs, Steven W Hartsell and Thomas A Stith III.
View institutional ownership trends
.

How do I buy shares of Old Dominion Freight Line?

Shares of ODFL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:ODFL) was last updated on 12/7/2023 by MarketBeat.com Staff

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