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NASDAQ:ODFL

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

$303.31
+0.09 (+0.03%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$302.11
$306.83
50-Day Range
$232.10
$315.39
52-Week Range
$231.31
$373.58
Volume
509,523 shs
Average Volume
977,357 shs
Market Capitalization
$33.90 billion
P/E Ratio
28.14
Dividend Yield
0.40%
Price Target
$294.27

Old Dominion Freight Line MarketRank™ Forecast

Analyst Rating
Hold
2.07 Rating Score
Upside/​Downside
3.7% Downside
$292.13 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
0.09mentions of Old Dominion Freight Line in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$1.87 M Sold Last Quarter
Proj. Earnings Growth
2.71%
From $11.80 to $12.12 Per Share

Overall MarketRank

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

1.88 out of 5 stars

Transportation Sector

92nd out of 123 stocks

Trucking, Except Local Industry

10th 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.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ:ODFL opened at $303.22 on Thursday. The business's fifty day moving average price is $271.31 and its two-hundred day moving average price is $281.49. Old Dominion Freight Line has a fifty-two week low of $231.31 and a fifty-two week high of $373.58. The stock has a market capitalization of $33.89 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 1.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.92 and a quick ratio of 1.92.

Old Dominion Freight Line (NASDAQ:ODFL - Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The transportation company reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.09 by $0.21. The firm had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.66 billion. Old Dominion Freight Line had a return on equity of 35.07% and a net margin of 20.77%. The business's revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 earnings per share. As a group, analysts predict that Old Dominion Freight Line will post 11.8 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Evercore ISI cut their price target on Old Dominion Freight Line from $334.00 to $301.00 and set an "in-line" rating for the company in a report on Tuesday, July 12th. Susquehanna Bancshares cut their target price on Old Dominion Freight Line from $285.00 to $270.00 in a research note on Thursday, July 28th. Susquehanna cut their target price on Old Dominion Freight Line from $285.00 to $270.00 in a research note on Thursday, July 28th. Raymond James cut their target price on Old Dominion Freight Line from $305.00 to $265.00 in a research note on Friday, July 15th. Finally, Citigroup set a $270.00 target price on Old Dominion Freight Line in a research note on Tuesday, July 19th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $292.13.

Insider Transactions at Old Dominion Freight Line

In other news, Chairman David S. Congdon sold 6,246 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $300.14, for a total transaction of $1,874,674.44. Following the sale, the chairman now owns 809,569 shares in the company, valued at $242,984,039.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.30% of the company's stock.

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ODFL Stock News Headlines

What 11 Analyst Ratings Have To Say About Old Dominion Freight Line
Old Dominion Proves Why It's The Best
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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
8/18/2022
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
$292.13
High Stock Price Forecast
$385.00
Low Stock Price Forecast
$232.00
Forecasted Upside/Downside
-3.0%
Consensus Rating
Hold
Rating Score (0-4)
2.07
Research Coverage
16 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
27.92%

Debt

Sales & Book Value

Annual Sales
$5.26 billion
Cash Flow
$11.01 per share
Book Value
$31.81 per share

Miscellaneous

Free Float
100,261,000
Market Cap
$33.90 billion
Optionable
Optionable
Beta
1.04

Social Links


Key Executives

  • Mr. David S. CongdonMr. 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?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 3 sell ratings, 10 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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?

16 Wall Street analysts have issued 12-month price objectives for Old Dominion Freight Line's stock. Their ODFL share price forecasts range from $232.00 to $385.00. On average, they anticipate the company's stock price to reach $292.13 in the next year. This suggests that the stock has a possible downside of 3.7%.
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 15.4% and is now trading at $303.31.
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) released its quarterly earnings results on Wednesday, July, 27th. The transportation company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.09 by $0.21. The transportation company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.66 billion. Old Dominion Freight Line had a net margin of 20.77% and a trailing twelve-month return on equity of 35.07%. The business's revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the firm 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 announced a quarterly dividend on Friday, July 22nd. Investors 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 0.40%. The ex-dividend date of this dividend 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 0.40%. 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 9.90% 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 issued shares were payable 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 investors include Price T Rowe Associates Inc. MD (8.12%), State Street Corp (3.50%), JPMorgan Chase & Co. (2.44%), FMR LLC (1.46%), CIBC Private Wealth Group LLC (1.22%) and WCM Investment Management LLC (1.23%). 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 $303.31.

How much money does Old Dominion Freight Line make?

Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $33.90 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 8/18/2022 by MarketBeat.com Staff

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