Most-Upgraded Stocks NASDAQ:ODFL Old Dominion Freight Line - ODFL Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $331.38 -0.65 (-0.20%) (As of 03/29/2023 12:00 AM ET) Add Compare Share Share Today's Range$329.65▼$336.4150-Day Range$310.74▼$371.4152-Week Range$231.31▼$381.81Volume514,991 shsAverage Volume787,507 shsMarket Capitalization$36.46 billionP/E Ratio27.21Dividend Yield0.48%Price Target$341.11 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Old Dominion Freight Line MarketRank™ ForecastAnalyst RatingHold2.06 Rating ScoreUpside/Downside2.9% Upside$341.11 Price TargetShort InterestHealthy4.72% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-5.90Upright™ Environmental ScoreNews Sentiment0.13Based on 7 Articles This WeekInsider TradingSelling Shares$1.38 M Sold Last QuarterProj. Earnings Growth11.52%From $12.07 to $13.46 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.2.18 out of 5 starsTransportation Sector78th out of 123 stocksTrucking, Except Local Industry10th out of 16 stocks 2.0 Analyst's Opinion Consensus RatingOld Dominion Freight Line has received a consensus rating of Hold. The company's average rating score is 2.06, and is based on 4 buy ratings, 10 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $341.11, Old Dominion Freight Line has a forecasted upside of 2.9% from its current price of $331.38.Amount of Analyst CoverageOld Dominion Freight Line has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.72% 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 5.8.Change versus previous monthShort interest in Old Dominion Freight Line has recently decreased by 6.29%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldOld Dominion Freight Line has a dividend yield of 0.49%, 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 13.14%. 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 11.89% 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 1.7 News and Social Media Coverage News SentimentOld Dominion Freight Line has a news sentiment score of 0.13. 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 0.49 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Old Dominion Freight Line this week, compared to 6 articles on an average week.Search InterestOnly 23 people have searched for ODFL on MarketBeat in the last 30 days. This is a decrease of -62% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Old Dominion Freight Line to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $1,383,577.00 in company stock.Percentage Held by Insiders10.30% 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 11.52% in the coming year, from $12.07 to $13.46 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Old Dominion Freight Line is 27.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.86.Price to Earnings Ratio vs. SectorThe P/E ratio of Old Dominion Freight Line is 27.21, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 33.77.Price to Earnings Growth RatioOld Dominion Freight Line has a PEG Ratio of 3.26. 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 10.02. 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 HeadlinesMarch 30, 2023 | americanbankingnews.comBrokerages Set Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Target Price at $341.11March 29, 2023 | msn.comOld Dominion injury halts tour; ‘Trolls 3’ trailer; ‘Freaks & Geeks’ reunion: BuzzMarch 30, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastMarch 29, 2023 | finance.yahoo.comOld Dominion Freight Line to Webcast First Quarter 2023 Conference CallMarch 28, 2023 | msn.comOld Dominion Singer Matthew Ramsey Fractures Pelvis in 3 Places During ATV AccidentMarch 28, 2023 | msn.comOld Dominion's Matthew Ramsey Fractures Pelvis After ATV AccidentMarch 22, 2023 | americanbankingnews.comDeutsche Bank Aktiengesellschaft Lowers Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $373.00March 20, 2023 | markets.businessinsider.comAnalyst Expectations for Old Dominion Freight Line's FutureMarch 30, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastMarch 19, 2023 | msn.comPirates win defensive battle with Old Dominion, 7-5March 17, 2023 | marketwatch.comOld Dominion Freight Line Inc. stock rises Thursday, still underperforms marketMarch 14, 2023 | marketwatch.comOld Dominion Freight Line Inc. stock rises Tuesday, still underperforms marketMarch 13, 2023 | marketwatch.comOld Dominion Freight Line Inc. stock underperforms Monday when compared to competitorsMarch 13, 2023 | finance.yahoo.com6 Reasons Why You Should Buy Old Dominion (ODFL) Stock NowMarch 9, 2023 | finance.yahoo.comIBD Stock Of The Day ODFL: Trucker Old Dominion Geared Up To Lead Soft-Landing RallyMarch 7, 2023 | finance.yahoo.comOld Dominion (ODFL) Posts Weak February LTL Unit PerformanceMarch 4, 2023 | msn.comSun Belt Women's Basketball Tournament: Controversial non-call spoils Troy/Old Dominion finishMarch 3, 2023 | finance.yahoo.comMore evidence the U.S. economy is slowing, from trucking giant Old DominionMarch 3, 2023 | businesswire.comOld Dominion Freight Line Provides Update for First Quarter 2023March 2, 2023 | msn.comOld Dominion vs. Texas State prediction, odds: 2023 Sun Belt Tournament picks, bets by proven computer modelMarch 2, 2023 | bizjournals.comOld Dominion promotes vice president to COOMarch 1, 2023 | msn.comOld Dominion Freight Line names Plemmons to COO postMarch 1, 2023 | marketwatch.comOld Dominion Freight Line Inc. stock outperforms market despite losses on the dayMarch 1, 2023 | finance.yahoo.comOld Dominion Freight Line Announces Planned Executive Leadership Team TransitionsMarch 1, 2023 | sportsbookwire.usatoday.comTexas State vs Old Dominion Sun Belt Tournament odds, tips and betting trendsFebruary 23, 2023 | sportsbookwire.usatoday.comMarshall at Old Dominion odds, tips and betting trendsFebruary 23, 2023 | finance.yahoo.comAre You Looking for a Top Momentum Pick? Why Old Dominion Freight Line (ODFL) is a Great ChoiceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings2/01/2023Ex-Dividend for 3/15 Dividend2/28/2023Dividend Payable3/15/2023Today3/29/2023Next Earnings (Estimated)4/26/2023Fiscal 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$341.11 High Stock Price Forecast$425.00 Low Stock Price Forecast$260.00 Forecasted Upside/Downside+2.9%Consensus RatingHold Rating Score (0-4)2.06 Research Coverage17 Analysts Profitability EPS (Most Recent Fiscal Year)$12.18 Trailing P/E Ratio27.21 Forward P/E Ratio27.45 P/E Growth3.26Net Income$1.38 billion Net Margins22.00% Pretax Margin29.41% Return on Equity38.60% Return on Assets28.74% Debt Debt-to-Equity Ratio0.02 Current Ratio1.76 Quick Ratio1.76 Sales & Book Value Annual Sales$6.26 billion Price / Sales5.82 Cash Flow$15.05 per share Price / Cash Flow22.02 Book Value$33.06 per share Price / Book10.02Miscellaneous Outstanding Shares110,030,000Free Float98,693,000Market Cap$36.46 billion OptionableOptionable Beta1.08 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 DevelopmentDavid J. BatesSenior Vice President-OperationsKey CompetitorsJ.B. Hunt Transport ServicesNASDAQ:JBHTNorfolk SouthernNYSE:NSCDelta Air LinesNYSE:DALRyanairNASDAQ:RYAAYFedExNYSE:FDXView All CompetitorsInsiders & InstitutionsAcrisure Capital Management LLCBought 867 shares on 3/28/2023Ownership: 0.001%Palisade Capital Management LPBought 137 shares on 3/24/2023Ownership: 0.002%ETF Managers Group LLCBought 91 shares on 3/23/2023Ownership: 0.002%B. Riley Wealth Advisors Inc.Bought 894 shares on 3/15/2023Ownership: 0.003%Victory Capital Management Inc.Bought 105,712 shares on 3/10/2023Ownership: 0.222%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 twelve months. There are currently 3 sell ratings, 10 hold ratings and 4 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 equities research analysts 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 predict the company's stock price to reach $341.11 in the next year. This suggests a possible upside of 2.9% 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 start of the year. Since then, ODFL shares have increased by 16.8% and is now trading at $331.38. 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, April 26th 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, February, 1st. The transportation company reported $2.92 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.24. The transportation company had revenue of $1.49 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 38.60% and a net margin of 22.00%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 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, February 1st. Investors of record on Wednesday, March 1st will be paid a dividend of $0.40 per share on Wednesday, March 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Tuesday, February 28th. This is an increase from the stock's previous quarterly dividend of $0.30. 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 iShares U.S. Transportation ETF (IYT), ProShares Supply Chain Logistics ETF (SUPL), Direxion Daily Transportation Bull 3X Shares (TPOR), Invesco Focused Discovery Growth ETF (IVDG), Sterling Capital Focus Equity ETF (LCG), Siren DIVCON Leaders Dividend ETF (LEAD), VictoryShares THB Mid Cap ESG ETF (MDCP) and Logan Capital Broad Innovative Growth ETF (LCLG). 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 0.49%. 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 13.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 11.89% 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 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 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. 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 retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (7.62%), Geode Capital Management LLC (1.96%), JPMorgan Chase & Co. (1.89%), CIBC Private Wealth Group LLC (1.22%), WCM Investment Management LLC (1.01%) and Norges Bank (0.96%). 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 $331.38. How much money does Old Dominion Freight Line make? Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $36.46 billion and generates $6.26 billion in revenue each year. The transportation company earns $1.38 billion in net income (profit) each year or $12.18 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 3/30/2023 by MarketBeat.com Staff 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. 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