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

$334.49
+4.99 (+1.51%)
(As of 03/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$330.87
$336.64
50-Day Range
$310.74
$371.41
52-Week Range
$231.31
$381.81
Volume
641,473 shs
Average Volume
798,959 shs
Market Capitalization
$36.80 billion
P/E Ratio
27.46
Dividend Yield
0.48%
Price Target
$341.11

Old Dominion Freight Line MarketRank™ Forecast

Analyst Rating
Hold
2.06 Rating Score
Upside/​Downside
1.7% Upside
$341.11 Price Target
Short Interest
Healthy
4.72% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.90
Upright™ Environmental Score
News Sentiment
0.50mentions of Old Dominion Freight Line in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.38 M Sold Last Quarter
Proj. Earnings Growth
11.52%
From $12.07 to $13.46 Per Share

Overall MarketRank

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

2.20 out of 5 stars

Transportation Sector

88th out of 122 stocks

Trucking, Except Local Industry

11th out of 16 stocks


ODFL stock logo

About Old Dominion Freight Line (NASDAQ:ODFL) Stock

Old 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.

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ODFL Stock News Headlines

Analyst Expectations for Old Dominion Freight Line's Future
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Old Dominion promotes vice president to COO
Marshall at Old Dominion odds, tips and betting trends
Southern Miss at Old Dominion odds, tips and betting trends
Old Dominion at Appalachian State odds, tips and betting trends
See More Headlines
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ODFL Company Calendar

Last Earnings
2/01/2023
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Today
3/27/2023
Next Earnings (Estimated)
4/26/2023
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
$341.11
High Stock Price Forecast
$425.00
Low Stock Price Forecast
$260.00
Forecasted Upside/Downside
+2.0%
Consensus Rating
Hold
Rating Score (0-4)
2.06
Research Coverage
17 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
29.41%

Debt

Sales & Book Value

Annual Sales
$6.26 billion
Cash Flow
$15.19 per share
Book Value
$33.06 per share

Miscellaneous

Free Float
98,693,000
Market Cap
$36.80 billion
Optionable
Optionable
Beta
1.08

Social Links


Key Executives

  • Greg C. Gantt
    President, Chief Executive Officer & Director
  • Kevin Marty Freeman
    Chief Operating Officer & Executive Vice President
  • Adam N. Satterfield
    CFO, Senior VP-Finance & Assistant Secretary
  • Cecil E. Overbey
    Senior Vice President-Strategic Development
  • David J. Bates
    Senior Vice President-Operations













ODFL Stock - 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 3 sell ratings, 10 hold ratings and 4 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 2023?

17 equities research analysts have issued 1 year price targets for Old Dominion Freight Line's stock. Their ODFL share price forecasts range from $260.00 to $425.00. On average, they anticipate the company's share price to reach $341.11 in the next year. This suggests a possible upside of 2.0% 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 on January 1st, 2023. Since then, ODFL shares have increased by 17.9% and is now trading at $334.49.
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) issued its quarterly earnings results on Wednesday, February, 1st. The transportation company reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 22.00% and a trailing twelve-month return on equity of 38.60%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Stockholders of record on Wednesday, March 1st will be given 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 a boost from the stock's previous quarterly dividend of $0.30.
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 0.49%. 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?

Old Dominion Freight Line's stock split 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 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 a variety of retail and institutional investors. Top institutional investors 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 $334.49.

How much money does Old Dominion Freight Line make?

Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $36.80 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 3/27/2023 by MarketBeat.com Staff