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NASDAQ:ODFL

Old Dominion Freight Line Stock Forecast, Price & News

$254.60
-5.46 (-2.10%)
(As of 06/28/2022 10:47 AM ET)
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Compare
Today's Range
$254.32
$263.77
50-Day Range
$232.10
$292.26
52-Week Range
$231.31
$373.58
Volume
5,103 shs
Average Volume
869,360 shs
Market Capitalization
$28.86 billion
P/E Ratio
26.01
Dividend Yield
0.47%
Price Target
$299.71
30 days | 90 days | 365 days | Advanced Chart

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ODFL Stock Forecast (MarketRank)

Overall MarketRank

2.38 out of 5 stars

Transportation Sector

68th out of 173 stocks

Trucking, Except Local Industry

9th out of 18 stocks

Analyst Opinion: 3.1Community Rank: 4.0Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
Old Dominion Freight Line logo

About Old Dominion Freight Line (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, 2021, it owned and operated 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers; 3 fleet maintenance centers; and 251 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.

ODFL Stock News Headlines

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Industry, Sector and Symbol

Industry
Trucking, except local
Sub-Industry
Trucking
Current Symbol
NASDAQ:ODFL
CUSIP
67958010
Employees
23,663
Year Founded
1934

Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Today
6/28/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$299.71
High Stock Price Forecast
$385.00
Low Stock Price Forecast
$232.00
Forecasted Upside/Downside
+17.7%
Consensus Rating
Hold
Rating Score (0-4)
2.17647058823529
Research Coverage
17 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
27.09%

Debt

Sales & Book Value

Annual Sales
$5.26 billion
Cash Flow
$11.12 per share
Book Value
$32.00 per share

Miscellaneous

Free Float
101,679,000
Market Cap
$28.86 billion
Optionable
Optionable
Beta
1.03

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Old Dominion Freight Line Frequently Asked Questions

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

17 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 1 sell rating, 12 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Old Dominion Freight Line stock. 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 analyst ratings for Old Dominion Freight Line
or view top-rated stocks.

What is Old Dominion Freight Line's stock price forecast for 2022?

17 brokers have issued 1 year price objectives for Old Dominion Freight Line's shares. Their ODFL stock forecasts range from $232.00 to $385.00. On average, they predict Old Dominion Freight Line's share price to reach $299.71 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price.
View analysts' price targets for Old Dominion Freight Line
or view top-rated stocks among Wall Street analysts.

How has Old Dominion Freight Line's stock price performed in 2022?

Old Dominion Freight Line's stock was trading at $358.38 at the beginning of 2022. Since then, ODFL shares have decreased by 28.6% and is now trading at $256.03.
View the best growth stocks for 2022 here
.

When is Old Dominion Freight Line's next earnings date?

Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for Old Dominion Freight Line
.

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

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) posted its earnings results on Wednesday, April, 27th. The transportation company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.37 by $0.23. The transportation company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 32.41% and a net margin of 20.17%. The business's quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the business earned $1.70 EPS.
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 announced a quarterly dividend on Thursday, May 19th. Investors of record on Wednesday, June 1st will be paid a dividend of $0.30 per share on Wednesday, June 15th. This represents a $1.20 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Tuesday, May 31st.
View Old Dominion Freight Line's dividend history
.

Is Old Dominion Freight Line a good dividend stock?

Old Dominion Freight Line(NASDAQ:ODFL) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.47%. Old Dominion Freight Line has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Old Dominion Freight Line is 12.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Old Dominion Freight Line will have a dividend payout ratio of 10.10% next year. This indicates that Old Dominion Freight Line will be able to sustain or increase its dividend.
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 before market open on 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.

Who are Old Dominion Freight Line's key executives?

Old Dominion Freight Line's management team includes the following people:
  • Mr. David S. Congdon, Exec. Chairman (Age 65, Pay $7.18M) (LinkedIn Profile)
  • Mr. Greg C. Gantt, Pres, CEO & Director (Age 66, Pay $8.56M)
  • Mr. Adam N. Satterfield, Sr. VP of Fin., CFO & Assistant Sec. (Age 47, Pay $4M)
  • Mr. Kevin Freeman, Exec. VP & COO (Age 63, Pay $4.77M)
  • Mr. Gregory B. Plemmons, Sr. VP of Sales (Age 57, Pay $3M)
  • Mr. Earl E. Congdon, Chairman Emeritus & Sr. Advisor (Age 91)
  • Ms. Kimberly S. Maready, Principal Accounting Officer and VP of Accounting & Fin. (Age 51)
  • Mr. Ross H. Parr, Sr. VP of Legal Affairs, Gen. Counsel & Sec. (Age 50)
  • Sam Faucette, VP of Safety & Compliance
  • Mr. Christopher Thomas Brooks, Sr. VP of HR & Safety (Age 51)

What is David S. Congdon's approval rating as Old Dominion Freight Line's CEO?

310 employees have rated Old Dominion Freight Line CEO David S. Congdon on Glassdoor.com. David S. Congdon has an approval rating of 83% among Old Dominion Freight Line'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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.58%), BlackRock Inc. (9.05%), Capital Research Global Investors (5.21%), State Street Corp (3.58%), JPMorgan Chase & Co. (2.35%) and WCM Investment Management LLC (1.72%). Company insiders that own Old Dominion Freight Line stock include David J Bates, David S Congdon, Earl E Congdon, Gregory B Plemmons and Leo H Suggs.
View institutional ownership trends for Old Dominion Freight Line
.

Which major investors are selling Old Dominion Freight Line stock?

ODFL stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Lord Abbett & CO. LLC, First Trust Advisors LP, The Manufacturers Life Insurance Company , Clearbridge Investments LLC, American Century Companies Inc., Canada Pension Plan Investment Board, and Avity Investment Management Inc.. Company insiders that have sold Old Dominion Freight Line company stock in the last two years include David S Congdon, and Leo H Suggs.
View insider buying and selling activity for Old Dominion Freight Line
or view top insider-selling stocks.

Which major investors are buying Old Dominion Freight Line stock?

ODFL stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., ProShare Advisors LLC, Vanguard Group Inc., Mirae Asset Global Investments Co. Ltd., Mirae Asset Global Investments Co. Ltd., Citigroup Inc., and Twin Tree Management LP.
View insider buying and selling activity for Old Dominion Freight Line
or or view top insider-buying stocks.

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 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 $256.03.

How much money does Old Dominion Freight Line make?

Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $29.02 billion and generates $5.26 billion in revenue each year. The transportation company earns $1.03 billion in net income (profit) each year or $9.79 on an earnings per share basis.

How many employees does Old Dominion Freight Line have?

Old Dominion Freight Line employs 23,663 workers across the globe.

When was Old Dominion Freight Line founded?

Old Dominion Freight Line was founded in 1934.

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 Old Dominion Freight Line is www.odfl.com. The transportation company can be reached via phone at (336) 889-5000, via email at [email protected], or via fax at 336-822-5239.

This page (NASDAQ:ODFL) was last updated on 6/28/2022 by MarketBeat.com Staff

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