NASDAQ:ODFL Old Dominion Freight Line Stock Forecast, Price & News Adding Choose a 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 Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $184.07 -6.43 (-3.38 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$182.11Now: $184.07▼$190.4150-Day Range$180.21MA: $193.36▼$204.1352-Week Range$105.47Now: $184.07▼$207.43Volume1.60 million shsAverage Volume855,224 shsMarket Capitalization$21.60 billionP/E Ratio37.36Dividend Yield0.31%Beta1.04 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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, 2018, it owned 9,254 tractors, as well as operated 235 service and 39 maintenance centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.Read More Beat the Market (BTM) Rank™ 2.0 Analyst's Opinion Consensus RatingOld Dominion Freight Line has received a consensus rating of Hold. The company's average rating score is 2.09, and is based on 4 buy ratings, 4 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $172.88, Old Dominion Freight Line has a forecasted downside of 6.1% from its current price of $184.07.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 2.2 Community Rank Outperform VotesOld Dominion Freight Line has received 480 “outperform” votes. (Add your “outperform” vote.)Underperform VotesOld Dominion Freight Line has received 619 “underperform” votes. (Add your “underperform” vote.)Community SentimentOld Dominion Freight Line has received 56.32% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Old Dominion Freight Line and other stocks. Vote “Outperform” if you believe ODFL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ODFL will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend YieldOld Dominion Freight Line has a dividend yield of 0.31%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthOld Dominion Freight Line has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Old Dominion Freight Line is 11.74%. 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 9.48% next year. This indicates that Old Dominion Freight Line will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Old Dominion Freight Line insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 11.70% of the stock of Old Dominion Freight Line is held by insiders.Percentage Held by Institutions73.33% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Old Dominion Freight Line are expected to grow by 21.03% in the coming year, from $5.23 to $6.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Old Dominion Freight Line is 37.36, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Old Dominion Freight Line is 37.36, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 19.27.Price to Earnings Growth RatioOld Dominion Freight Line has a PEG Ratio of 3.95. 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 7.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.0Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.63 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Trucking, except local Sub-IndustryTrucking SectorTransportation Current SymbolNASDAQ:ODFL Previous Symbol CUSIP67958010 CIK878927 Webwww.odfl.com Phone336-889-5000Debt Debt-to-Equity Ratio0.03 Current Ratio1.96 Quick Ratio1.96Price-To-Earnings Trailing P/E Ratio37.36 Forward P/E Ratio35.20 P/E Growth3.95 Sales & Book Value Annual Sales$4.11 billion Price / Sales5.26 Cash Flow$6.83 per share Price / Cash Flow26.95 Book Value$25.73 per share Price / Book7.15Profitability EPS (Most Recent Fiscal Year)$5.11 Net Income$615.52 million Net Margins14.95% Return on Equity19.66% Return on Assets14.82%Miscellaneous Employees20,105 Outstanding Shares117,331,000Market Cap$21.60 billion Next Earnings Date10/22/2020 (Estimated) OptionableOptionable $184.07 -6.43 (-3.38 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive ODFL News and Ratings via Email Sign-up to receive the latest news and ratings for ODFL and its competitors with MarketBeat's FREE daily newsletter. Old Dominion Freight Line (NASDAQ:ODFL) Frequently Asked Questions How has Old Dominion Freight Line's stock price been impacted by Coronavirus? Old Dominion Freight Line's stock was trading at $180.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ODFL shares have increased by 2.3% and is now trading at $184.07. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Old Dominion Freight Line? 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 3 sell ratings, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Old Dominion Freight Line. When is Old Dominion Freight Line's next earnings date? Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020. View our earnings forecast for Old Dominion Freight Line. How were Old Dominion Freight Line's earnings last quarter? Old Dominion Freight Line (NASDAQ:ODFL) posted its quarterly earnings data on Thursday, July, 30th. The transportation company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.03 by $0.22. The transportation company earned $896.21 million during the quarter, compared to analysts' expectations of $899.18 million. Old Dominion Freight Line had a net margin of 14.95% and a return on equity of 19.66%. Old Dominion Freight Line's revenue was down 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.16 earnings per share. View Old Dominion Freight Line's earnings history. 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, July 23rd. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $0.15 per share on Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, September 1st. View Old Dominion Freight Line's dividend history. When did Old Dominion Freight Line's stock split? How did Old Dominion Freight Line's stock split work? Old Dominion Freight Line's stock 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 issued to shareholders after the market closes on Monday, March 23rd 2020. An investor that had 100 shares of Old Dominion Freight Line 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 initiated a stock buyback plan on Thursday, May 16th 2019, which authorizes the company to buyback $350,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued. What price target have analysts set for ODFL? 11 Wall Street analysts have issued 12 month price objectives for Old Dominion Freight Line's shares. Their forecasts range from $120.00 to $220.00. On average, they anticipate Old Dominion Freight Line's stock price to reach $172.88 in the next year. This suggests that the stock has a possible downside of 6.1%. View analysts' price targets for Old Dominion Freight Line. Are investors shorting Old Dominion Freight Line? Old Dominion Freight Line saw a decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,970,000 shares, a decrease of 22.7% from the July 30th total of 2,550,000 shares. Based on an average daily volume of 786,300 shares, the short-interest ratio is presently 2.5 days. View Old Dominion Freight Line's Short Interest. Who are some of Old Dominion Freight Line's key competitors? Some companies that are related to Old Dominion Freight Line include J B Hunt Transport Services (JBHT), Nikola (NKLA), AMERCO (UHAL), Knight-Swift Transportation (KNX), Landstar System (LSTR), Saia (SAIA), Werner Enterprises (WERN), Ryder System (R), Avis Budget Group (CAR), Heartland Express (HTLD), Marten Transport (MRTN), FRP (FRPH), Hertz Global (HTZ) and Roadrunner Transportation Systems (RRTS). View all competitors. 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), Paypal (PYPL), Home Depot (HD), Mastercard (MA), Visa (V), Intel (INTC), Johnson & Johnson (JNJ) and ServiceNow (NOW). Who are Old Dominion Freight Line's key executives? Old Dominion Freight Line's management team includes the following people: Mr. Greg C. Gantt, Pres, CEO & Director (Age 63)Mr. Adam N. Satterfield, Sr. VP of Fin., CFO & Assistant Sec. (Age 44)Mr. Kevin M. Freeman, Exec. VP & COO (Age 60)Mr. Cecil E. Overbey Jr., Sr. VP of Strategic Devel. (Age 57)Ms. Kimberly S. Maready, Principal Accounting Officer and VP of Accounting & Fin. (Age 48) 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.65%), Kayne Anderson Rudnick Investment Management LLC (3.56%), Alpha Omega Wealth Management LLC (1.55%), FMR LLC (1.21%), London Co. of Virginia (1.16%) and Bank of New York Mellon Corp (0.85%). Company insiders that own Old Dominion Freight Line stock include David J Bates, David S Congdon, Earl E Congdon and Gregory B Plemmons. View institutional ownership trends for Old Dominion Freight Line. Which institutional investors are selling Old Dominion Freight Line stock? ODFL stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Rudnick Investment Management LLC, CIBC Private Wealth Group LLC, Vanguard Group Inc., Sumitomo Mitsui Trust Holdings Inc., Gateway Investment Advisers LLC, Raymond James & Associates, Ensign Peak Advisors Inc, and State of Tennessee Treasury Department. Company insiders that have sold Old Dominion Freight Line company stock in the last year include David J Bates, and Earl E Congdon. View insider buying and selling activity for Old Dominion Freight Line. Which institutional investors are buying Old Dominion Freight Line stock? ODFL stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Marshall Wace LLP, FMR LLC, Victory Capital Management Inc., London Co. of Virginia, Bank of New York Mellon Corp, New York State Teachers Retirement System, and Goldman Sachs Group Inc.. View insider buying and selling activity for Old Dominion Freight Line. How do I buy shares of Old Dominion Freight Line? Shares of ODFL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Old Dominion Freight Line's stock price today? One share of ODFL stock can currently be purchased for approximately $184.07. How big of a company is Old Dominion Freight Line? Old Dominion Freight Line has a market capitalization of $21.60 billion and generates $4.11 billion in revenue each year. The transportation company earns $615.52 million in net income (profit) each year or $5.11 on an earnings per share basis. Old Dominion Freight Line employs 20,105 workers across the globe. What is Old Dominion Freight Line's official website? The official website for Old Dominion Freight Line is www.odfl.com. How can I contact Old Dominion Freight Line? Old Dominion Freight Line's mailing address is 500 OLD DOMINION WAY, THOMASVILLE NC, 27360. The transportation company can be reached via phone at 336-889-5000 or via email at [email protected] This page was last updated on 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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