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NASDAQ:ODFL

Old Dominion Freight Line - ODFL Stock Forecast, Price & News

$315.38
+13.46 (+4.46%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$306.67
$317.13
50-Day Range
$232.10
$306.91
52-Week Range
$231.31
$373.58
Volume
887,990 shs
Average Volume
987,967 shs
Market Capitalization
$35.25 billion
P/E Ratio
29.26
Dividend Yield
0.40%
Price Target
$295.80

Old Dominion Freight Line MarketRank™ Forecast

Analyst Rating
Hold
2.07 Rating Score
Upside/​Downside
6.2% Downside
$295.80 Price Target
Short Interest
Healthy
3.98% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.96
Upright™ Environmental Score
News Sentiment
-0.01mentions of Old Dominion Freight Line in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$1.87 M Sold Last Quarter
Proj. Earnings Growth
2.64%
From $11.74 to $12.05 Per Share

Overall MarketRank

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

1.83 out of 5 stars

Transportation Sector

96th out of 125 stocks

Trucking, Except Local Industry

12th out of 16 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, 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.

Wall Street Analyst Weigh In

ODFL has been the topic of several research reports. Wolfe Research downgraded shares of Old Dominion Freight Line from a "peer perform" rating to an "underperform" rating in a research note on Tuesday, July 12th. Cowen upped their price target on shares of Old Dominion Freight Line from $213.00 to $232.00 in a research note on Thursday, April 28th. Credit Suisse Group increased their price objective on shares of Old Dominion Freight Line from $282.00 to $295.00 and gave the stock a "neutral" rating in a research note on Thursday, July 28th. Cowen increased their price objective on shares of Old Dominion Freight Line from $213.00 to $232.00 in a research note on Thursday, April 28th. Finally, Evercore ISI reduced their price objective on shares of Old Dominion Freight Line from $334.00 to $301.00 and set an "in-line" rating on the stock in a research note on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $295.80.

Old Dominion Freight Line Trading Down 1.6 %

Old Dominion Freight Line stock traded down $4.99 during mid-day trading on Wednesday, hitting $301.92. 868,856 shares of the stock were exchanged, compared to its average volume of 988,616. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a 12 month low of $231.31 and a 12 month high of $373.58. The firm's fifty day simple moving average is $265.56 and its two-hundred day simple moving average is $280.73. The stock has a market capitalization of $33.75 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.53 and a beta of 1.04.

Old Dominion Freight Line (NASDAQ:ODFL - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The transportation company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.21. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.66 billion. Old Dominion Freight Line had a net margin of 20.77% and a return on equity of 35.07%. Old Dominion Freight Line's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.31 EPS. Analysts forecast that Old Dominion Freight Line will post 11.74 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $1.20 annualized dividend and a dividend yield of 0.40%. Old Dominion Freight Line's dividend payout ratio is currently 11.13%.

Insider Activity

In other news, Chairman David S. Congdon sold 6,246 shares of Old Dominion Freight Line stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $300.14, for a total value of $1,874,674.44. Following the completion of the sale, the chairman now owns 809,569 shares in the company, valued at approximately $242,984,039.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.30% of the stock is currently owned by company insiders.

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ODFL Stock News Headlines

Old Dominion Freight Line (ODFL): This Dividend Growth Stock Deserves Your Attention
ODFL has a surging dividend growth rate and is rapidly buying back its shares. It's a rare company that has very strong cash flows and a negative net debt, which allows it to return an increasing amount of value back to investors for three consecutive financial years.
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What 11 Analyst Ratings Have To Say About Old Dominion Freight Line
Old Dominion Proves Why It's The Best
See More Headlines
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ODFL Company Calendar

Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Last Earnings
7/27/2022
Today
8/10/2022
Ex-Dividend for 9/21 Dividend
9/06/2022
Dividend Payable
9/21/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$295.80
High Stock Price Forecast
$385.00
Low Stock Price Forecast
$232.00
Forecasted Upside/Downside
-6.2%
Consensus Rating
Hold
Rating Score (0-4)
2.07
Research Coverage
15 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
27.92%

Debt

Sales & Book Value

Annual Sales
$5.26 billion
Cash Flow
$11.71 per share
Book Value
$32.00 per share

Miscellaneous

Free Float
100,261,000
Market Cap
$35.25 billion
Optionable
Optionable
Beta
1.04

Social Links


Key Executives

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













ODFL Stock - Frequently Asked Questions

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

15 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 2 sell ratings, 10 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 2022?

15 equities research analysts have issued 12-month price targets for Old Dominion Freight Line's stock. Their ODFL share price forecasts range from $232.00 to $385.00. On average, they predict the company's stock price to reach $295.80 in the next year. This suggests that the stock has a possible downside of 6.4%.
View analysts price targets for ODFL
or view top-rated stocks among Wall Street analysts.

How have ODFL shares performed in 2022?

Old Dominion Freight Line's stock was trading at $358.38 at the start of the year. Since then, ODFL stock has decreased by 11.8% and is now trading at $316.06.
View the best growth stocks for 2022 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 26th 2022.
View our ODFL earnings forecast
.

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

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) announced its quarterly earnings results on Wednesday, July, 27th. The transportation company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.09 by $0.21. The transportation company earned $1.67 billion during the quarter, compared to the consensus estimate of $1.66 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 35.07% and a net margin of 20.77%. Old Dominion Freight Line's quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.31 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 declared a quarterly dividend on Friday, July 22nd. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.30 per share on Wednesday, September 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Tuesday, September 6th.
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 $1.20 per share and currently has a dividend yield of 0.39%. The company 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 is 11.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 9.96% 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?

Old Dominion Freight Line shares split on the morning of Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly minted 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.

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 many different retail and institutional investors. Top institutional shareholders include CIBC Private Wealth Group LLC (1.22%), Los Angeles Capital Management LLC (0.43%), KBC Group NV (0.34%), Pensioenfonds Rail & OV (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.25%) and Canal Capital Management LLC (0.25%). Insiders that own company stock include David J Bates, David S Congdon, Earl E 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 $316.06.

How much money does Old Dominion Freight Line make?

Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $35.33 billion and generates $5.26 billion in revenue each year. The transportation company earns $1.03 billion in net income (profit) each year or $10.78 on an earnings per share basis.

How many employees does Old Dominion Freight Line have?

The company 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 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 8/10/2022 by MarketBeat.com Staff

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