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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Critical asset just had biggest fall on record (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Critical asset just had biggest fall on record (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
Critical asset just had biggest fall on record (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Critical asset just had biggest fall on record (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Critical asset just had biggest fall on record (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
Critical asset just had biggest fall on record (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Critical asset just had biggest fall on record (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Critical asset just had biggest fall on record (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
Critical asset just had biggest fall on record (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
NASDAQ:ODFL

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

$440.22
+3.29 (+0.75%)
(As of 02/23/2024 08:53 PM ET)
Today's Range
$437.78
$445.39
50-Day Range
$377.86
$440.22
52-Week Range
$295.80
$448.45
Volume
513,600 shs
Average Volume
704,805 shs
Market Capitalization
$48.03 billion
P/E Ratio
39.10
Dividend Yield
0.47%
Price Target
$422.20

Old Dominion Freight Line MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
4.1% Downside
$422.20 Price Target
Short Interest
Healthy
2.16% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.90
Upright™ Environmental Score
News Sentiment
-0.04mentions of Old Dominion Freight Line in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.93%
From $12.85 to $14.64 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.

3.36 out of 5 stars

Transportation Sector

33rd out of 113 stocks

Trucking, Except Local Industry

7th 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

3 high-quality dividend growers to buy on the dip
Dividend growth stocks are attractive, but their high valuations often make them hard purchases; buying on the dip is critical to success
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Watch for your Federal QR code
The same technology you use to order food in a restaurant... could soon be the key to accessing your bank account and Social Security income. It’s all thanks to a project backed by the White House, Federal Reserve and US Treasury.
Old Dominion faces Georgia State on home slide
ODFL Mar 2024 450.000 put
ODFL Mar 2024 430.000 call
Old Dominion Freight Declares 2-for-1 Stock Split
Old Dominion Freight Line Declares Two-for-One Stock Split
Georgia State at Old Dominion odds, tips and betting trends
Old Dominion hosts Louisiana on 4-game home slide
Central Michigan at Old Dominion odds, tips and betting trends
See More Headlines
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Company Calendar

Ex-Dividend for 12/20 Dividend
12/05/2023
Dividend Payable
12/20/2023
Last Earnings
1/31/2024
Today
2/25/2024
Ex-Dividend for 3/20 Dividend
3/05/2024
Dividend Payable
3/20/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$422.20
High Stock Price Target
$515.00
Low Stock Price Target
$350.00
Potential Upside/Downside
-4.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 Analysts

Profitability

Net Income
$1.24 billion
Pretax Margin
28.09%

Debt

Sales & Book Value

Annual Sales
$5.87 billion
Cash Flow
$14.33 per share
Book Value
$39.02 per share

Miscellaneous

Free Float
97,766,000
Market Cap
$48.03 billion
Optionable
Optionable
Beta
1.02

Social Links

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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

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 Thursday, February 22, 2024 at 9:30 PM.














ODFL Stock Analysis - Frequently Asked Questions

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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last twelve months. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ODFL shares.
View ODFL analyst ratings
or view top-rated stocks.

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

13 equities research analysts have issued 1 year price objectives for Old Dominion Freight Line's shares. Their ODFL share price targets range from $350.00 to $515.00. On average, they expect the company's share price to reach $422.20 in the next year. This suggests that the stock has a possible downside of 4.1%.
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 $405.33 at the start of the year. Since then, ODFL shares have increased by 8.6% and is now trading at $440.22.
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, April 24th 2024.
View our ODFL earnings forecast
.

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

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) posted its earnings results on Wednesday, January, 31st. The transportation company reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.08. The transportation company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.50 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 31.18% and a net margin of 21.13%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.92 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 announced a quarterly dividend on Wednesday, January 31st. Investors of record on Wednesday, March 6th will be given a dividend of $0.52 per share on Wednesday, March 20th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Tuesday, March 5th. This is a boost from the stock's previous quarterly dividend of $0.40.
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 $2.08 per share and currently has a dividend yield of 0.37%. 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 18.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 14.21% 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 before market open on Thursday, March 28th 2024. The 2-1 split was announced on Friday, February 16th 2024. The newly minted shares will be payable 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 has initiated a share buyback plan on Wednesday, July 26th 2023, which authorizes the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.94%), Price T Rowe Associates Inc. MD (5.80%), Capital Research Global Investors (3.80%), CIBC Private Wealth Group LLC (1.93%), Norges Bank (1.12%) and Capital World Investors (1.11%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ODFL) was last updated on 2/26/2024 by MarketBeat.com Staff