NASDAQ:ODFL

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

$183.07
+0.90 (+0.49%)
(As of 05/17/2024 ET)
Today's Range
$181.24
$184.86
50-Day Range
$180.18
$427.95
52-Week Range
$147.90
$227.80
Volume
2.18 million shs
Average Volume
1.48 million shs
Market Capitalization
$39.78 billion
P/E Ratio
32.23
Dividend Yield
0.57%
Price Target
$209.08

Old Dominion Freight Line MarketRank™ Stock Analysis

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
14.2% Upside
$209.08 Price Target
Short Interest
Healthy
2.34% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.90
Upright™ Environmental Score
News Sentiment
0.46mentions of Old Dominion Freight Line in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$3.52 M Sold Last Quarter
Proj. Earnings Growth
18.36%
From $5.99 to $7.09 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.27 out of 5 stars

Transportation Sector

27th out of 117 stocks

Trucking, Except Local Industry

5th out of 13 stocks

ODFL stock logo

About Old Dominion Freight Line Stock (NASDAQ:ODFL)

Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2023, it owned and operated 10,791 tractors, 31,233 linehaul trailers, and 15,181 pickup and delivery trailers; 46 fleet maintenance centers; and 257 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

Q1 2024 Old Dominion Freight Line Inc Earnings Call
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Company Calendar

Ex-Dividend for 3/20 Dividend
3/05/2024
Dividend Payable
3/20/2024
Last Earnings
4/24/2024
Today
5/17/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Trucking, except local
Sub-Industry
Trucking
Current Symbol
NASDAQ:ODFL
CUSIP
67958010
Employees
22,902
Year Founded
1934

Price Target and Rating

Average Stock Price Target
$209.08
High Stock Price Target
$257.50
Low Stock Price Target
$175.00
Potential Upside/Downside
+14.2%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
19 Analysts

Profitability

Net Income
$1.24 billion
Pretax Margin
28.15%

Debt

Sales & Book Value

Annual Sales
$5.87 billion
Cash Flow
$7.14 per share
Book Value
$20.26 per share

Miscellaneous

Free Float
195,774,000
Market Cap
$39.78 billion
Optionable
Optionable
Beta
1.07

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Key Executives

  • Mr. David S. CongdonMr. David S. Congdon (Age 67)
    Executive Chairman of the Board
    Comp: $5.51M
  • Mr. Kevin M. Freeman (Age 65)
    President & CEO
    Comp: $6.15M
  • Mr. Adam N. Satterfield (Age 49)
    Executive VP of Finance, CFO & Assistant Secretary
    Comp: $5.15M
  • Mr. Gregory B. Plemmons (Age 59)
    Executive VP & COO
    Comp: $3.84M
  • Mr. Earl E. Congdon (Age 93)
    Chairman Emeritus & Senior Advisor
    Comp: $3.8M
  • Ms. Kimberly S. Maready (Age 53)
    Principal Accounting Officer and VP of Accounting & Finance
  • Mr. Ross H. Parr (Age 52)
    Senior VP of Legal Affairs, General Counsel & Secretary
  • Sam Faucette
    Vice President of Safety & Compliance
  • Mr. Steven W. HartsellMr. Steven W. Hartsell (Age 56)
    Senior Vice President of Sales
  • Mr. Christopher Thomas Brooks (Age 53)
    Senior Vice President of Human Resources & Safety

ODFL Stock Analysis - Frequently Asked Questions

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

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last twelve months. There are currently 11 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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 analysts have issued 1-year target prices for Old Dominion Freight Line's shares. Their ODFL share price targets range from $175.00 to $257.50. On average, they anticipate the company's share price to reach $209.08 in the next year. This suggests a possible upside of 14.2% 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 2024?

Old Dominion Freight Line's stock was trading at $202.6650 at the start of the year. Since then, ODFL shares have decreased by 9.7% and is now trading at $183.07.
View the best growth stocks for 2024 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 24th 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 quarterly earnings data on Wednesday, April, 24th. The transportation company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.01. The transportation company earned $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 30.12% and a net margin of 21.19%.
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 Wednesday, January 31st. Shareholders of record on Wednesday, March 6th will be paid a dividend of $0.26 per share on Wednesday, March 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Tuesday, March 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 $1.04 per share and currently has a dividend yield of 0.57%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 14.67% 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 Thursday, March 28th 2024. The 2-1 split was announced on Friday, February 16th 2024. The newly created shares were issued to shareholders after the closing bell on Wednesday, March 27th 2024. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

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

Old Dominion Freight Line declared that its Board of Directors has approved a share buyback plan on Wednesday, July 26th 2023, which allows the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are 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 Vanguard Group Inc. (10.01%), Price T Rowe Associates Inc. MD (6.32%), Capital Research Global Investors (3.03%), Bank of New York Mellon Corp (2.73%), Capital World Investors (1.12%) and WCM Investment Management LLC (0.91%). Insiders that own company stock include Bradley R Gabosch, David J Bates, David S Congdon, John D Kasarda, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ODFL) was last updated on 5/18/2024 by MarketBeat.com Staff

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