About Old Dominion Freight Line (NASDAQ:ODFL)
Old Dominion Freight Line, Inc. is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company's LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America. In addition to its LTL services, the Company offers a range of other value-added services that include container drayage, truckload brokerage, supply chain consulting and warehousing. As of December 31, 2016, the Company operated 226 service center locations, of which it owned 182 and leased 44. As of December 31, 2016, its network included 10 breakbulk facilities located in Rialto, California; Atlanta, Georgia; Columbus, Ohio; Indianapolis, Indiana; Greensboro, North Carolina; Harrisburg, Pennsylvania; Memphis and Morristown, Tennessee; Dallas, Texas, and Salt Lake City, Utah. As of December 31, 2016, the Company owned 7,994 tractors.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Freight Trucking
- Sub-Industry: Trucking
- Symbol: NASDAQ:ODFL
- CUSIP: 67958010
- Web: www.odfl.com
- Market Cap: $9.27 billion
- Outstanding Shares: 82,386,000
- 50 Day Moving Avg: $105.78
- 200 Day Moving Avg: $95.39
- 52 Week Range: $70.48 - $112.50
Sales & Book Value:
- Trailing P/E Ratio: 29.14
- Foreward P/E Ratio: 23.68
- P/E Growth: 1.82
- Annual Revenue: $3.12 billion
- Price / Sales: 2.97
- Book Value: $24.19 per share
- Price / Book: 4.65
- Annual Dividend: $0.40
- Dividend Yield: 0.4%
- EBITDA: $718.76 million
- Net Margins: 10.19%
- Return on Equity: 16.87%
- Return on Assets: 11.61%
- Debt-to-Equity Ratio: 0.02%
- Current Ratio: 1.29%
- Quick Ratio: 1.29%
- Average Volume: 468,598 shs.
- Beta: 1.09
- Short Ratio: 4.68
Frequently Asked Questions for Old Dominion Freight Line (NASDAQ:ODFL)
What is Old Dominion Freight Line's stock symbol?
Old Dominion Freight Line trades on the NASDAQ under the ticker symbol "ODFL."
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 Tuesday, August 1st. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.10 per share on Wednesday, September 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Friday, September 1st. View Old Dominion Freight Line's Dividend History.
How were Old Dominion Freight Line's earnings last quarter?
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) posted its quarterly earnings results on Thursday, July, 27th. The company reported $1.19 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.10 by $0.09. The business earned $839.90 million during the quarter, compared to analyst estimates of $824.68 million. Old Dominion Freight Line had a return on equity of 16.87% and a net margin of 10.19%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. View Old Dominion Freight Line's Earnings History.
When will Old Dominion Freight Line make its next earnings announcement?
Where is Old Dominion Freight Line's stock going? Where will Old Dominion Freight Line's stock price be in 2017?
11 analysts have issued 12-month target prices for Old Dominion Freight Line's shares. Their predictions range from $83.00 to $119.00. On average, they anticipate Old Dominion Freight Line's share price to reach $102.00 in the next twelve months. View Analyst Ratings for Old Dominion Freight Line.
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), Landstar System (LSTR), Swift Transportation Company (KNX), Werner Enterprises (WERN), Heartland Express (HTLD), Saia (SAIA), Marten Transport (MRTN), Universal Logistics Holdings (ULH), Hennessy Capital Acquisition Corp. II (DSKE), FRP Holdings (FRPH), P.A.M. Transportation Services (PTSI), Celadon Group (CGI), USA Truck (USAK) and Pangaea Logistics Solutions (PANL).
Who are Old Dominion Freight Line's key executives?
Old Dominion Freight Line's management team includes the folowing people:
- Earl E. Congdon, Executive Chairman of the Board
- Greg C. Gantt, President, Chief Operating Officer
- David S. Congdon, Chief Executive Officer, Vice Chairman of the Board
- Adam N. Satterfield, Chief Financial Officer, Senior Vice President - Finance, Assistant Secretary
- Ross H. Parr, Senior Vice President - Legal Affairs, General Counsel, Secretary
- Kevin Marty Freeman, Senior Vice President - Sales
- David J. Bates, Senior Vice President - Operations
- Cecil E. Overbey Jr., Senior Vice President - Strategic Development
- Kimberly S. Maready, Principal Accounting Officer
- Robert G. Culp III, Lead Independent Director
Who owns Old Dominion Freight Line stock?
Old Dominion Freight Line's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Canal Capital Management LLC (0.06%), Shell Asset Management Co. (0.06%), APG Asset Management N.V. (0.05%), State Treasurer State of Michigan (0.03%), Tributary Capital Management LLC (0.02%) and Quantitative Systematic Strategies LLC (0.01%). Company insiders that own Old Dominion Freight Line stock include David S Congdon, Jeffrey W Congdon, John R Congdon Jr and Leo H Suggs. View Institutional Ownership Trends for Old Dominion Freight Line.
Who sold Old Dominion Freight Line stock? Who is selling Old Dominion Freight Line stock?
Old Dominion Freight Line's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan, Tributary Capital Management LLC and Quantitative Systematic Strategies LLC. Company insiders that have sold Old Dominion Freight Line stock in the last year include David S Congdon and Leo H Suggs. View Insider Buying and Selling for Old Dominion Freight Line.
Who bought Old Dominion Freight Line stock? Who is buying Old Dominion Freight Line stock?
Old Dominion Freight Line's stock was purchased by a variety of institutional investors in the last quarter, including Shell Asset Management Co., Canal Capital Management LLC, APG Asset Management N.V., Meeder Asset Management Inc. and Stearns Financial Services Group. View Insider Buying and Selling for Old Dominion Freight Line.
How do I buy Old Dominion Freight Line stock?
Shares of Old Dominion Freight Line can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Old Dominion Freight Line's stock price today?
MarketBeat Community Rating for Old Dominion Freight Line (NASDAQ ODFL)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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Old Dominion Freight Line stock can currently be purchased for approximately $112.50.
Consensus Ratings for Old Dominion Freight Line (NASDAQ:ODFL) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 6 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.27)|
|Consensus Price Target: ||$102.00 (9.33% downside)|Consensus Price Target History for Old Dominion Freight Line (NASDAQ:ODFL)
Analysts' Ratings History for Old Dominion Freight Line (NASDAQ:ODFL)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/12/2017||Credit Suisse Group||Reiterated Rating||Outperform||$110.00 -> $119.00||N/A|
|10/10/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||$105.00 -> $102.00||N/A|
|10/6/2017||Robert W. Baird||Reiterated Rating||Hold||$113.00||N/A|
|10/5/2017||Morgan Stanley||Boost Price Target||Overweight||$87.00 -> $91.00||N/A|
|9/1/2017||Cowen and Company||Reiterated Rating||Hold||$100.00||Low|
|8/21/2017||Buckingham Research||Initiated Coverage||Neutral -> Neutral||$105.00||Medium|
|7/31/2017||Deutsche Bank AG||Downgrade||Buy -> Hold||$108.00 -> $98.00||Medium|
|7/14/2017||Stifel Nicolaus||Reiterated Rating||Hold||$91.00||Low|
|4/13/2017||Vertical Research||Reiterated Rating||Hold||$83.00||High|
|12/16/2016||Seaport Global Securities||Reiterated Rating||Buy||$105.00||N/A|
|6/2/2016||Longbow Research||Reiterated Rating||Buy||N/A|
|2/5/2016||Evercore ISI||Boost Price Target||Hold||$64.00||N/A|
|1/7/2016||Royal Bank Of Canada||Downgrade||Outperform -> Sector Perform||$75.00 -> $60.00||N/A|
Earnings History for Old Dominion Freight Line (NASDAQ:ODFL)Earnings History by Quarter for Old Dominion Freight Line (NASDAQ ODFL)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$1.10||$1.19||$824.68 million||$839.90 million||View||N/A|
|4/27/2017||Q1 2017||$0.79||$0.80||$751.84 million||$754.10 million||View||N/A|
|2/2/2017||Q416||$0.86||$0.83||$739.36 million||$745.74 million||View||Listen|
|10/27/2016||Q316||$0.97||$1.03||$319.94 million||$782.60 million||View||Listen|
|7/28/2016||Q216||$0.95||$0.98||$754.33 million||$755.40 million||View||Listen|
|4/28/2016||Q116||$0.76||$0.72||$722.49 million||$707.70 million||View||Listen|
|2/4/2016||Q415||$0.84||$0.85||$744.94 million||$734.60 million||View||N/A|
|10/29/2015||Q315||$1.01||$0.99||$795.05 million||$779.50 million||View||Listen|
|7/30/2015||Q215||$0.98||$1.00||$770.09 million||$762.10 million||View||Listen|
|4/30/2015||Q115||$0.71||$0.73||$707.94 million||$696.25 million||View||N/A|
|2/5/2015||Q414||$0.72||$0.81||$711.61 million||$721.00 million||View||N/A|
|10/30/2014||Q314||$0.87||$0.90||$733.27 million||$743.60 million||View||N/A|
|7/31/2014||Q214||$0.82||$0.86||$691.76 million||$7.03 billion||View||N/A|
|4/24/2014||Q114||$0.51||$0.53||$596.24 million||$620.30 million||View||N/A|
|2/6/2014||Q413||$0.59||$0.55||$587.92 million||$592.50 million||View||N/A|
|10/24/2013||Q313||$0.69||$0.70||$606.75 million||$616.46 million||View||N/A|
|7/25/2013||Q2 2013||$0.64||$0.68||$580.10 million||$590.20 million||View||N/A|
|4/25/2013||Q1 2013||$0.42||$0.47||$531.74 million||$532.60 million||View||N/A|
|2/7/2013||Q4 2012||$0.50||$0.46||$535.27 million||$527.30 million||View||N/A|
Earnings Estimates for Old Dominion Freight Line (NASDAQ:ODFL)
2017 EPS Consensus Estimate: $3.97
2018 EPS Consensus Estimate: $4.65
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Old Dominion Freight Line (NASDAQ:ODFL)
|Most Recent Dividend:||9/20/2017|
|Payout Ratio:||10.39% (Trailing 12 Months of Earnings) |
9.64% (Based on This Year's Estimates)
8.42% (Based on Next Year's Estimates)
Dividend History by Quarter for Old Dominion Freight Line (NASDAQ ODFL)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Old Dominion Freight Line (NASDAQ:ODFL)
Insider Ownership Percentage: 12.00%Insider Trades by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)
Institutional Ownership Percentage: 73.84%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/15/2017||David S Congdon||Vice Chairman||Sell||575||$97.83||$56,252.25|| |
|11/21/2016||David S Congdon||Vice Chairman||Sell||2,400||$86.56||$207,744.00|| |
|11/16/2016||David S Congdon||Vice Chairman||Sell||40,000||$85.27||$3,410,800.00|| |
|11/11/2016||Leo H Suggs||Director||Sell||3,800||$81.35||$309,130.00|| |
|11/1/2016||David S Congdon||Vice Chairman||Sell||815||$74.67||$60,856.05|| |
|8/23/2016||Jeffrey W Congdon||Insider||Sell||24,555||$69.84||$1,714,921.20|| |
|8/16/2016||David S Congdon||Vice Chairman||Sell||1,660||$69.77||$115,818.20|| |
|8/12/2016||John R Congdon Jr||Insider||Sell||6,000||$69.64||$417,840.00|| |
|8/11/2016||John R Congdon Jr||Insider||Sell||7,100||$70.04||$497,284.00|| |
|8/10/2016||John R Congdon Jr||Insider||Sell||23,100||$69.92||$1,615,152.00|| |
|8/8/2016||John R Congdon Jr||Insider||Sell||3,800||$70.87||$269,306.00|| |
|5/10/2016||David S Congdon||CEO||Sell||2,200||$65.41||$143,902.00|| |
|5/5/2016||Leo H Suggs||Director||Buy||1,000||$63.00||$63,000.00|| |
|2/19/2016||Jeffrey W Congdon||Insider||Sell||10,000||$62.07||$620,700.00|| |
|8/21/2015||Leo H Suggs||Director||Buy||3,000||$69.92||$209,760.00|| |
|2/26/2015||Jeffrey W Congdon||Insider||Sell||72,500||$78.38||$5,682,550.00|| |
|2/23/2015||David S Congdon||CEO||Sell||2,260||$77.35||$174,811.00|| |
|11/18/2014||David S Congdon||CEO||Sell||3,500||$77.16||$270,060.00|| |
|5/28/2014||John D Kasarda||Director||Buy||1,582||$63.21||$99,998.22|| |
|2/19/2014||David Congdon||CEO||Sell||14,900||$52.98||$789,402.00|| |
|2/19/2014||Earl Congdon||Chairman||Sell||70,127||$52.85||$3,706,211.95|| |
|8/7/2013||John Kasarda||Director||Buy||2,250||$44.45||$100,012.50|| |
|8/6/2013||David Congdon||CEO||Sell||55,000||$44.89||$2,468,950.00|| |
|8/1/2013||David Congdon||CEO||Sell||4,600||$45.07||$207,322.00|| |
Headline Trends for Old Dominion Freight Line (NASDAQ:ODFL)
Latest Headlines for Old Dominion Freight Line (NASDAQ:ODFL)
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Old Dominion Freight Line (ODFL) Chart for Monday, October, 23, 2017