Old Dominion Freight Line Stock Price, News & Analysis (NASDAQ:ODFL) $371.80 -1.09 (-0.29%) (As of 03:28 PM ET) Add Compare Share Share Today's Range$367.05▼$374.8750-Day Range$368.46▼$425.7652-Week Range$277.49▼$438.05Volume696,883 shsAverage Volume766,508 shsMarket Capitalization$40.57 billionP/E Ratio33.08Dividend Yield0.43%Price Target$395.47 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Old Dominion Freight Line MarketRank™ Stock AnalysisAnalyst RatingHold2.26 Rating ScoreUpside/Downside6.8% Upside$395.47 Price TargetShort InterestHealthy2.42% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-5.90Upright™ Environmental ScoreNews Sentiment0.37Based on 23 Articles This WeekInsider TradingSelling Shares$14.10 M Sold Last QuarterProj. Earnings Growth18.50%From $11.19 to $13.26 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.2.13 out of 5 starsTransportation Sector48th out of 97 stocksTrucking, Except Local Industry8th out of 12 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 2.26, and is based on 7 buy ratings, 10 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $395.47, Old Dominion Freight Line has a forecasted upside of 6.8% from its current price of $370.34.Amount of Analyst CoverageOld Dominion Freight Line has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.42% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Old Dominion Freight Line has recently increased by 2.25%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldOld Dominion Freight Line has a dividend yield of 0.39%, 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 14.23%. 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 12.07% 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 1.9 News and Social Media Coverage News SentimentOld Dominion Freight Line has a news sentiment score of 0.37. 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 0.47 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 23 news articles for Old Dominion Freight Line this week, compared to 9 articles on an average week.Search InterestOnly 7 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 6 people have added Old Dominion Freight Line to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Old Dominion Freight Line insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,095,019.00 in 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 Institutions72.14% 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 18.50% in the coming year, from $11.19 to $13.26 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Old Dominion Freight Line is 32.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.20.Price to Earnings Ratio vs. SectorThe P/E ratio of Old Dominion Freight Line is 32.95, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 12.47.Price to Earnings Growth RatioOld Dominion Freight Line has a PEG Ratio of 4.21. 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 11.20. 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 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.Read More ODFL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ODFL Stock News HeadlinesDecember 7, 2023 | finance.yahoo.comOld Dominion (ODFL) Posts LTL Unit Performance for NovemberDecember 7, 2023 | msn.comOld Dominion's 'Memory Lane' features veteran band's best crossover country craftsmanshipDecember 7, 2023 | Financial Alphas (Ad)Recent Reports Are A Wake-Up Call For InvestorsAs 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.December 7, 2023 | sportsbookwire.usatoday.comJames Madison at Old Dominion odds, tips and betting trendsDecember 7, 2023 | finance.yahoo.comThis Stock Has Made Investors 10 Times Richer Than UPS or FedExDecember 6, 2023 | msn.comTransport Company Old Dominion Freight Line Posts Weak November Metrics On Weak Economy: Here's DetailsDecember 6, 2023 | benzinga.comHere's How Much You Would Have Made Owning Old Dominion Freight Line Stock In The Last 10 YearsDecember 6, 2023 | yahoo.comSee country act Old Dominion or dress as Santa for a 5K this weekend in Des MoinesDecember 7, 2023 | Financial Alphas (Ad)Recent Reports Are A Wake-Up Call For InvestorsAs 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.December 6, 2023 | usatoday.comOld Dominion visits William & Mary following Allette's 21-point gameDecember 6, 2023 | finance.yahoo.comOld Dominion reports muted NovemberDecember 5, 2023 | msn.comOld Dominion Freight Line November revenue/day decreasesDecember 5, 2023 | finance.yahoo.comOld Dominion Freight Line Provides Update for Fourth Quarter 2023December 5, 2023 | finance.yahoo.comThis Boring Trucking Stock Turned $3,000 Into $1 Million. Can It Still Make You Rich?December 4, 2023 | news.yahoo.comArtsQuest announces next Musikfest 2024 headliner; Old Dominion for August 6December 4, 2023 | msn.comOld Dominion to make first Musikfest appearance on Aug. 6, festival announcesDecember 4, 2023 | msn.comFormer Old Dominion coach Bobby Wilder is Tennessee Tech's new football coachDecember 2, 2023 | usatoday.comSakota scores 18 as Northeastern beats Old Dominion 81-68December 2, 2023 | usatoday.comJenkins leads Old Dominion against Northeastern after 20-point showingDecember 2, 2023 | americanbankingnews.comOld Dominion Freight Line, Inc. (NASDAQ:ODFL) Given Consensus Rating of "Hold" by AnalystsDecember 1, 2023 | msn.comNortheastern hosts Old Dominion following Jenkins’ 20-point showingNovember 30, 2023 | sportsbookwire.usatoday.comOld Dominion at Northeastern odds, tips and betting trendsNovember 28, 2023 | usatoday.comWilliams leads Old Dominion against Radford after 21-point gameNovember 28, 2023 | americanbankingnews.comOld Dominion Freight Line (NASDAQ:ODFL) Downgraded by Deutsche Bank AktiengesellschaftNovember 27, 2023 | markets.businessinsider.comHold Rating for Old Dominion Freight Amid Industry Shifts and Market Share Concerns: An Analyst’s PerspectiveNovember 27, 2023 | msn.comDeutsche Bank Downgrades Old Dominion Freight Line (ODFL)November 27, 2023 | msn.comOld Dominion Freight Line is downgraded by Deutsche Bank on valuation callSee More Headlines 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 Company Calendar Ex-Dividend for 9/20 Dividend9/05/2023Dividend Payable9/20/2023Last Earnings10/25/2023Ex-Dividend for 12/20 Dividend12/05/2023Today12/07/2023Dividend Payable12/20/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/07/2024Get 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 Target$395.47 High Stock Price Target$473.00 Low Stock Price Target$297.00 Potential Upside/Downside+6.1%Consensus RatingHold Rating Score (0-4)2.26 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)$11.24 Trailing P/E Ratio33.18 Forward P/E Ratio33.32 P/E Growth4.21Net Income$1.38 billion Net Margins21.16% Pretax Margin28.22% Return on Equity32.45% Return on Assets24.72% Debt Debt-to-Equity Ratio0.01 Current Ratio1.73 Quick Ratio1.73 Sales & Book Value Annual Sales$5.86 billion Price / Sales6.94 Cash Flow$13.75 per share Price / Cash Flow27.11 Book Value$33.06 per share Price / Book11.28Miscellaneous Outstanding Shares109,114,000Free Float97,766,000Market Cap$40.69 billion OptionableOptionable Beta1.04 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. David S. Congdon (Age 66)Executive Chairman of the Board Comp: $5.51MMr. Kevin M. Freeman (Age 64)President & CEO Comp: $6.15MMr. Adam N. Satterfield (Age 48)Executive VP of Finance, CFO & Assistant Secretary Comp: $5.15MMr. Gregory B. Plemmons (Age 58)Executive VP & COO Comp: $3.84MMr. Earl E. Congdon (Age 92)Chairman Emeritus & Senior Advisor Comp: $3.8MMs. 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 FaucetteVice President of Safety & ComplianceMr. Steven W. Hartsell (Age 55)Senior Vice President of Sales Mr. Christopher Thomas Brooks (Age 52)Senior Vice President of Human Resources & Safety More ExecutivesKey CompetitorsJ.B. Hunt Transport ServicesNASDAQ:JBHTSaiaNASDAQ:SAIARyanairNASDAQ:RYAAYDelta Air LinesNYSE:DALCSXNASDAQ:CSXView All CompetitorsInsiders & InstitutionsCitigroup Inc.Bought 34,681 shares on 12/6/2023Ownership: 0.093%Wellington Management Group LLPSold 15,484 shares on 12/1/2023Ownership: 0.161%B. Riley Wealth Advisors Inc.Bought 167 shares on 12/1/2023Ownership: 0.001%American Century Companies Inc.Sold 8,186 shares on 11/30/2023Ownership: 0.062%USA Financial FormulasBought 815 shares on 11/27/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions 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. 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), Profound Medical (PRN), iShares U.S. Transportation ETF (IYT), Sterling Capital Focus Equity ETF (LCG), Direxion Daily Transportation Bull 3X Shares (TPOR), Invesco Focused Discovery Growth ETF (IVDG), VictoryShares THB Mid Cap ESG ETF (MDCP) and Pacer Industrials and Logistics ETF (SHPP). 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 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. 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