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AMD   97.00 (-0.39%)
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NASDAQ:ODFL

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

$401.17
-7.34 (-1.80%)
(As of 10:48 AM ET)
Compare
Today's Range
$400.63
$406.13
50-Day Range
$389.46
$435.87
52-Week Range
$246.86
$438.05
Volume
51,517 shs
Average Volume
793,040 shs
Market Capitalization
$43.84 billion
P/E Ratio
34.85
Dividend Yield
0.40%
Price Target
$369.70

Old Dominion Freight Line MarketRank™ Forecast

Analyst Rating
Hold
2.28 Rating Score
Upside/​Downside
8.3% Downside
$369.70 Price Target
Short Interest
Healthy
3.24% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.90
Upright™ Environmental Score
News Sentiment
0.84mentions of Old Dominion Freight Line in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$255,971 Sold Last Quarter
Proj. Earnings Growth
20.88%
From $10.73 to $12.97 Per Share

Overall MarketRank

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

2.52 out of 5 stars

Transportation Sector

42nd out of 116 stocks

Trucking, Except Local Industry

7th out of 13 stocks


ODFL stock logo

About Old Dominion Freight Line (NASDAQ:ODFL) Stock

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 Price History

ODFL Stock News Headlines

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According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Stephens Reaffirms Their Buy Rating on Old Dominion Freight (ODFL)
Is Old Dominion Freight Line Modestly Overvalued?
Old Dominion (ODFL) Offers $1.5B for Yellow's Terminals
Old Dominion Freight: Perfection At A Premium Price
See More Headlines
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ODFL Company Calendar

Last Earnings
7/26/2023
Ex-Dividend for 9/20 Dividend
9/05/2023
Dividend Payable
9/20/2023
Today
9/26/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

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 Forecast
$369.70
High Stock Price Forecast
$473.00
Low Stock Price Forecast
$260.00
Forecasted Upside/Downside
-9.5%
Consensus Rating
Hold
Rating Score (0-4)
2.28
Research Coverage
18 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
28.64%

Debt

Sales & Book Value

Annual Sales
$6.26 billion
Cash Flow
$15.26 per share
Book Value
$33.06 per share

Miscellaneous

Free Float
97,904,000
Market Cap
$44.64 billion
Optionable
Optionable
Beta
1.12

Social Links

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Key Executives

  • Mr. David S. CongdonMr. David S. Congdon (Age 66)
    Exec. Chairman
    Comp: $5.51M
  • Mr. Kevin M. Freeman (Age 64)
    Pres & CEO
    Comp: $6.15M
  • Mr. Adam N. Satterfield (Age 48)
    Exec. VP of Fin., CFO & Assistant Sec.
    Comp: $5.15M
  • Mr. Gregory B. Plemmons (Age 58)
    Exec. VP & COO
    Comp: $3.84M
  • Mr. Earl E. Congdon (Age 92)
    Chairman Emeritus & Sr. Advisor
  • Ms. Kimberly S. Maready (Age 52)
    Principal Accounting Officer and VP of Accounting & Fin.
  • Mr. Ross H. Parr (Age 51)
    Sr. VP of Legal Affairs, Gen. Counsel & Sec.
  • Sam Faucette
    VP of Safety & Compliance
  • Mr. Steven W. HartsellMr. Steven W. Hartsell (Age 55)
    Sr. VP of Sales
  • Mr. Christopher Thomas Brooks (Age 52)
    Sr. VP of HR & Safety













ODFL Stock - Frequently Asked Questions

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

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 2 sell ratings, 9 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 forecast for 2023?

18 Wall Street research analysts have issued 1 year price objectives for Old Dominion Freight Line's shares. Their ODFL share price forecasts range from $260.00 to $473.00. On average, they predict the company's share price to reach $369.70 in the next year. This suggests that the stock has a possible downside of 9.5%.
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 start of the year. Since then, ODFL stock has increased by 44.0% and is now trading at $408.51.
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, October 25th 2023.
View our ODFL earnings forecast
.

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

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) announced its earnings results on Wednesday, July, 26th. The transportation company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.02. The transportation company earned $1.41 billion during the quarter, compared to analysts' expectations of $1.44 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 34.58% and a net margin of 21.49%. The company's quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.30 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 announced a quarterly dividend on Thursday, July 20th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.40 per share on Wednesday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Tuesday, September 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 0.40%. 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 13.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 12.34% 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 Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly issued shares were issued 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.

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

Old Dominion Freight Line announced that its Board of Directors has approved a share repurchase plan on Wednesday, July 26th 2023, which authorizes the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management 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).

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.76%), Capital Research Global Investors (5.18%), State Street Corp (3.39%), Bank of New York Mellon Corp (3.28%), JPMorgan Chase & Co. (2.09%) and Geode Capital Management LLC (2.06%). 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.

What is Old Dominion Freight Line's stock price today?

One share of ODFL stock can currently be purchased for approximately $408.51.

How much money does Old Dominion Freight Line make?

Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $44.64 billion and generates $6.26 billion in revenue each year. The transportation company earns $1.38 billion in net income (profit) each year or $11.51 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 9/26/2023 by MarketBeat.com Staff

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