NASDAQ:ODFL Old Dominion Freight Line (ODFL) Stock Forecast, Price & News $319.67 +2.02 (+0.64%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$316.19▼$324.6250-Day Range$298.43▼$354.4452-Week Range$231.70▼$381.81Volume927,684 shsAverage Volume769,887 shsMarket Capitalization$35.05 billionP/E Ratio26.29Dividend Yield0.50%Price Target$333.89 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Old Dominion Freight Line MarketRank™ ForecastAnalyst RatingHold2.18 Rating ScoreUpside/Downside4.4% Upside$333.89 Price TargetShort InterestBearish5.26% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-5.90Upright™ Environmental ScoreNews Sentiment-0.08Based on 13 Articles This WeekInsider TradingN/AProj. Earnings Growth16.62%From $10.83 to $12.63 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.75 out of 5 starsTransportation Sector96th out of 120 stocksTrucking, Except Local Industry11th out of 15 stocks 2.1 Analyst's Opinion Consensus RatingOld Dominion Freight Line has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 6 buy ratings, 8 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $333.89, Old Dominion Freight Line has a forecasted upside of 4.4% from its current price of $319.67.Amount of Analyst CoverageOld Dominion Freight Line has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.26% of the float of Old Dominion Freight Line has been sold short.Short Interest Ratio / Days to CoverOld Dominion Freight Line has a short interest ratio ("days to cover") of 7.Change versus previous monthShort interest in Old Dominion Freight Line has recently increased by 1.85%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldOld Dominion Freight Line has a dividend yield of 0.50%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthOld Dominion Freight Line has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Old Dominion Freight Line is 13.16%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Old Dominion Freight Line will have a dividend payout ratio of 12.67% next year. This indicates that Old Dominion Freight Line will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOld Dominion Freight Line has received a -102.98% net impact score from Upright. The largest negative impact of Old Dominion Freight Line in category "GHG emissions" seems to be driven mostly by its "Truck freight transport services", "Refrigerated truck freight transport services", and "Road freight brokerage services" products. See details.Environmental SustainabilityThe Environmental Impact score for Old Dominion Freight Line is -5.90. Previous Next 1.1 News and Social Media Coverage News SentimentOld Dominion Freight Line has a news sentiment score of -0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Old Dominion Freight Line this week, compared to 7 articles on an average week.Search InterestOnly 14 people have searched for ODFL on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Old Dominion Freight Line to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Old Dominion Freight Line insiders have not sold or bought any company stock.Percentage Held by Insiders10.40% of the stock of Old Dominion Freight Line is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions73.08% of the stock of Old Dominion Freight Line is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Old Dominion Freight Line are expected to grow by 16.62% in the coming year, from $10.83 to $12.63 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Old Dominion Freight Line is 26.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.80.Price to Earnings Ratio vs. SectorThe P/E ratio of Old Dominion Freight Line is 26.29, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 23.52.Price to Earnings Growth RatioOld Dominion Freight Line has a PEG Ratio of 3.53. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioOld Dominion Freight Line has a P/B Ratio of 9.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Old Dominion Freight Line (NASDAQ:ODFL) StockOld Dominion Freight Line, Inc. engages in the provision of regional, inter-regional, and national less-than-truckload services through a single integrated, union-free organization. Its services include container drayage, truckload brokerage, and supply chain consulting. The company was founded by Earl Congdon Sr. and Lillian Congdon in 1934 and is headquartered in Thomasville, NC.Read More Receive ODFL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Old Dominion Freight Line and its competitors with MarketBeat's FREE daily newsletter. Email Address ODFL Stock News HeadlinesJune 4, 2023 | finance.yahoo.com2 Nasdaq-100 Stocks to Double Down On in JuneJune 4, 2023 | americanbankingnews.comOld Dominion Freight Line, Inc. Announces Quarterly Dividend of $0.40 (NASDAQ:ODFL)June 4, 2023 | Stocks To Trade (Ad)Free SMS Trade Alerts. Up to 15 opportunities a day.Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.June 4, 2023 | americanbankingnews.comOld Dominion Freight Line, Inc. (NASDAQ:ODFL) Forecasted to Earn Q1 2024 Earnings of $2.77 Per ShareJune 1, 2023 | americanbankingnews.comZacks Research Research Analysts Lower Earnings Estimates for Old Dominion Freight Line, Inc. (NASDAQ:ODFL)May 31, 2023 | finance.yahoo.comOld Dominion (ODFL) Falls 6% in the Past 3 Months: Here's HowMay 22, 2023 | msn.comHere's How Much $1000 Invested In Old Dominion Freight Line 20 Years Ago Would Be Worth TodayMay 20, 2023 | americanbankingnews.comEvercore ISI Upgrades Old Dominion Freight Line (NASDAQ:ODFL) to "Outperform"June 4, 2023 | Legacy Research (Affiliate) (Ad)The “Amazon Secret Royalty Program” Can Help Anyone Retire Like RoyaltyA unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.May 19, 2023 | msn.comOld Dominion Freight Line (ODFL) Declares $0.40 DividendMay 19, 2023 | americanbankingnews.comOld Dominion Freight Line, Inc. (NASDAQ:ODFL) Receives $331.32 Consensus Target Price from AnalystsMay 18, 2023 | finance.yahoo.comBattalion 6 Triple 8 – An untold story from WWIIMay 18, 2023 | msn.comOld Dominion Freight Line declares $0.40 dividendMay 18, 2023 | finance.yahoo.comOld Dominion Freight Line Announces $0.40 Per Share Quarterly Cash DividendMay 17, 2023 | markets.businessinsider.comChugging Through Challenges: NSC And ODFL Earn Upgrades Amid Freight FrenzyMay 17, 2023 | msn.comOld Dominion Freight Line gains after Evercore ISI upgradeMay 17, 2023 | marketwatch.comOld Dominion Freight Lns $ODFL Technical Pivots with Risk ControlsMay 17, 2023 | msn.comEvercore ISI Group Upgrades Old Dominion Freight Line (ODFL)May 17, 2023 | americanbankingnews.comZacks Research Comments on Old Dominion Freight Line, Inc.'s FY2025 Earnings (NASDAQ:ODFL)May 15, 2023 | finance.yahoo.comInvesting in Old Dominion Freight Line (NASDAQ:ODFL) five years ago would have delivered you a 212% gainMay 12, 2023 | bizjournals.comConcord shoots down incentives for Old Dominion Freight Line project at former Philip Morris siteMay 12, 2023 | msn.comOld Dominion's Matthew Ramsey Addresses Using a Cane at ACM Awards After Accident (Exclusive)May 12, 2023 | yahoo.comOld Dominion Address ‘Divisiveness and Shootings’ in 2023 ACM Awards Speech: ‘There Are People Hurting Right Now’May 11, 2023 | msn.comOld Dominion's Matthew Ramsey Accepts 2023 ACM Awards Win with Cane 2 Months After Breaking PelvisMay 10, 2023 | news.yahoo.comOld Dominion Freight Line eyes high-profile Concord site for $18M, 100-job projectMay 9, 2023 | bizjournals.comOld Dominion Freight Line eyes former Philip Morris site in Concord for $18M, 100-job projectMay 7, 2023 | finance.yahoo.comThis Stock Could Be the No. 1 Buy in a RecessionSee More Headlines ODFL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ODFL Company Calendar Ex-Dividend for 3/15 Dividend2/28/2023Dividend Payable3/15/2023Last Earnings4/26/2023Today6/04/2023Ex-Dividend for 6/21 Dividend6/06/2023Dividend Payable6/21/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Trucking, except local Sub-IndustryTrucking SectorTransportation Current SymbolNASDAQ:ODFL CUSIP67958010 CIK878927 Webwww.odfl.com Phone(336) 889-5000Fax336-822-5239Employees23,471Year Founded1934Price Target and Rating Average Stock Price Forecast$333.89 High Stock Price Forecast$425.00 Low Stock Price Forecast$260.00 Forecasted Upside/Downside+4.4%Consensus RatingHold Rating Score (0-4)2.18 Research Coverage17 Analysts Profitability EPS (Most Recent Fiscal Year)$12.16 Trailing P/E Ratio26.29 Forward P/E Ratio29.52 P/E Growth3.53Net Income$1.38 billion Net Margins21.96% Pretax Margin29.34% Return on Equity37.55% Return on Assets28.09% Debt Debt-to-Equity Ratio0.02 Current Ratio1.57 Quick Ratio1.57 Sales & Book Value Annual Sales$6.26 billion Price / Sales5.60 Cash Flow$14.97 per share Price / Cash Flow21.36 Book Value$34.17 per share Price / Book9.36Miscellaneous Outstanding Shares109,650,000Free Float98,248,000Market Cap$35.05 billion OptionableOptionable Beta1.07 Social Links Key ExecutivesGreg C. GanttPresident, Chief Executive Officer & DirectorKevin Marty FreemanChief Operating Officer & Executive Vice PresidentAdam N. SatterfieldCFO, Senior VP-Finance & Assistant SecretaryCecil E. OverbeySenior Vice President-Strategic DevelopmentChristopher J. KelleySenior Vice President-OperationsKey CompetitorsJ.B. Hunt Transport ServicesNASDAQ:JBHTKnight-Swift TransportationNYSE:KNXRyanairNASDAQ:RYAAYDelta Air LinesNYSE:DALNorfolk SouthernNYSE:NSCView All CompetitorsInsiders & InstitutionsOntario Teachers Pension Plan BoardSold 10,417 shares on 6/1/2023Ownership: 0.005%ProShare Advisors LLCBought 10,829 shares on 5/26/2023Ownership: 0.099%Toroso Investments LLCBought 165 shares on 5/23/2023Ownership: 0.002%Ameriprise Financial Inc.Sold 9,494 shares on 5/22/2023Ownership: 0.079%JPMorgan Chase & Co.Bought 18,096 shares on 5/18/2023Ownership: 1.919%View All Insider TransactionsView All Institutional Transactions ODFL Stock - Frequently Asked Questions Should I buy or sell Old Dominion Freight Line stock right now? 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 3 sell ratings, 8 hold ratings and 6 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 forecast for 2023? 17 brokers have issued 12 month price targets for Old Dominion Freight Line's shares. Their ODFL share price forecasts range from $260.00 to $425.00. On average, they expect the company's stock price to reach $333.89 in the next year. This suggests a possible upside of 4.4% 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 on January 1st, 2023. Since then, ODFL stock has increased by 12.6% and is now trading at $319.67. 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, July 26th 2023. View our ODFL earnings forecast. How were Old Dominion Freight Line's earnings last quarter? Old Dominion Freight Line, Inc. (NASDAQ:ODFL) released its earnings results on Wednesday, April, 26th. The transportation company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by $0.11. The transportation company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.48 billion. Old Dominion Freight Line had a net margin of 21.96% and a trailing twelve-month return on equity of 37.55%. The business's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.60 EPS. 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, May 18th. Stockholders of record on Wednesday, June 7th will be paid a dividend of $0.40 per share on Wednesday, June 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Tuesday, June 6th. Read our dividend analysis for ODFL. What ETFs hold Old Dominion Freight Line's stock? ETFs with the largest weight of Old Dominion Freight Line (NASDAQ:ODFL) stock in their portfolio include ProShares Supply Chain Logistics ETF (SUPL), iShares U.S. Transportation ETF (IYT), Profound Medical (PRN), Direxion Daily Transportation Bull 3X Shares (TPOR), Invesco Focused Discovery Growth ETF (IVDG), Siren DIVCON Leaders Dividend ETF (LEAD), Sterling Capital Focus Equity ETF (LCG) and VictoryShares THB Mid Cap ESG ETF (MDCP). 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 0.50%. 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 13.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 12.67% 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 issued shares were payable to shareholders after the closing bell on Monday, March 23rd 2020. An investor that had 100 shares of stock prior to the split would have 150 shares after the split. 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). What is Old Dominion Freight Line's stock symbol? Old Dominion Freight Line trades on the NASDAQ under the ticker symbol "ODFL." Who are Old Dominion Freight Line's major shareholders? Old Dominion Freight Line's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.33%), Price T Rowe Associates Inc. MD (6.82%), State Street Corp (3.33%), FMR LLC (2.17%), Geode Capital Management LLC (2.00%) and Bank of New York Mellon Corp (1.99%). Insiders that own company stock include Bradley R Gabosch, David J Bates, David S Congdon and Leo H Suggs. 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. What is Old Dominion Freight Line's stock price today? One share of ODFL stock can currently be purchased for approximately $319.67. How much money does Old Dominion Freight Line make? Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $35.05 billion and generates $6.26 billion in revenue each year. The transportation company earns $1.38 billion in net income (profit) each year or $12.16 on an earnings per share basis. How many employees does Old Dominion Freight Line have? The company employs 23,471 workers across the globe. How can I contact Old Dominion Freight Line? Old Dominion Freight Line's mailing address is 500 OLD DOMINION WAY, THOMASVILLE NC, 27360. The official website for the company is www.odfl.com. The transportation company can be reached via phone at (336) 889-5000, via email at investor.relations@odfl.com, or via fax at 336-822-5239. This page (NASDAQ:ODFL) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Old Dominion Freight Line, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.