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NASDAQ:ODFL

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

$321.70
-12.09 (-3.62%)
(As of 01/30/2023 03:37 PM ET)
Add
Compare
Today's Range
$321.70
$329.73
50-Day Range
$281.48
$333.79
52-Week Range
$231.31
$337.96
Volume
564,353 shs
Average Volume
696,150 shs
Market Capitalization
$35.54 billion
P/E Ratio
27.57
Dividend Yield
0.36%
Price Target
$289.67

Old Dominion Freight Line MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.1% Downside
$291.73 Price Target
Short Interest
Bearish
5.62% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.90
Upright™ Environmental Score
News Sentiment
0.21mentions of Old Dominion Freight Line in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$10.05 M Sold Last Quarter
Proj. Earnings Growth
-2.85%
From $11.91 to $11.57 Per Share

Overall MarketRank

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

1.30 out of 5 stars

Transportation Sector

116th out of 122 stocks

Trucking, Except Local Industry

15th 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 less-than-truckload services. The firm offers regional, inter-regional, and national less-than-truckload services. Its services also include container drayage, truckload brokerage, supply chain consulting, and warehousing. 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

Does Old Dominion Show That Trucking Is Hitting The Brakes?
S&P 500 component Old Dominion is among the top performers in the trucking industry, but there are signs that it, as well as industry peers, are slowing down.
The Analysts Shift Trucking Sentiment Back into Forward  (ODFL)
The first glimmers of a tailwind are blowing in the trucking industry and Q4 results for trucking stocks could help strengthen the industry in 2023.
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Is a Beat Likely for Old Dominion (ODFL) in Q4 Earnings?
Old Dominion at South Alabama odds, tips and betting trends
Appalachian State at Old Dominion odds, tips and betting trends
7 Analysts Have This to Say About Old Dominion Freight Line
Old Dominion Is Set To Fly Higher
Coastal Carolina at Old Dominion odds, tips and betting trends
See More Headlines
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ODFL Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 12/21 Dividend
12/06/2022
Dividend Payable
12/21/2022
Today
1/30/2023
Next Earnings (Confirmed)
2/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$291.73
High Stock Price Forecast
$335.00
Low Stock Price Forecast
$232.00
Forecasted Upside/Downside
-10.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
11 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
28.83%

Debt

Sales & Book Value

Annual Sales
$5.26 billion
Cash Flow
$10.85 per share
Book Value
$32.00 per share

Miscellaneous

Free Float
99,102,000
Market Cap
$35.54 billion
Optionable
Optionable
Beta
1.07

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 VP-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?

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, 6 hold ratings and 2 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?

11 Wall Street research analysts have issued 12-month target prices for Old Dominion Freight Line's shares. Their ODFL share price forecasts range from $232.00 to $335.00. On average, they predict the company's share price to reach $291.73 in the next twelve months. This suggests that the stock has a possible downside of 10.1%.
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 stock has increased by 14.3% and is now trading at $324.48.
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, February 1st 2023.
View our ODFL earnings forecast
.

How can I listen to Old Dominion Freight Line's earnings call?

Old Dominion Freight Line will be holding an earnings conference call on Wednesday, February 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "2673176".

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

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) released its earnings results on Wednesday, October, 27th. The transportation company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. The transportation company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 37.27% and a net margin of 21.56%. Old Dominion Freight Line's revenue was up 32.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 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 Thursday, October 20th. Investors of record on Wednesday, December 7th will be given a dividend of $0.30 per share on Wednesday, December 21st. This represents a $1.20 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Tuesday, December 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 0.36%. 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 10.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 10.37% 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 issued 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 institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.26%), Congress Asset Management Co. MA (0.18%), Natixis Advisors L.P. (0.16%), Strs Ohio (0.12%), New York State Teachers Retirement System (0.11%) and Sib LLC (0.07%). Insiders that own company stock include 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 $324.48.

How much money does Old Dominion Freight Line make?

Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $35.85 billion and generates $5.26 billion in revenue each year. The transportation company earns $1.03 billion in net income (profit) each year or $11.67 on an earnings per share basis.

How many employees does Old Dominion Freight Line have?

The company employs 23,663 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 1/30/2023 by MarketBeat.com Staff