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NASDAQ:ODFL

Old Dominion Freight Line Stock Forecast, Price & News

$263.97
+7.59 (+2.96 %)
(As of 05/13/2021 12:00 AM ET)
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Today's Range
$256.48
$264.52
50-Day Range
$231.76
$270.13
52-Week Range
$144.41
$276.09
Volume610,928 shs
Average Volume680,927 shs
Market Capitalization$30.61 billion
P/E Ratio50.09
Dividend Yield0.31%
Beta1
30 days | 90 days | 365 days | Advanced Chart
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Old Dominion Freight Line logo

About Old Dominion Freight Line

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, 2020, it owned 9,288 tractors, as well as operated 244 service and 42 maintenance centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.

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Industry, Sector and Symbol

Industry Trucking, except local
Sub-IndustryTrucking
Current SymbolNASDAQ:ODFL
CUSIP67958010
Phone336-889-5000
Employees19,779
Year Founded1934

Sales & Book Value

Annual Sales$4.11 billion
Cash Flow$9.54 per share
Book Value$25.73 per share

Profitability

Net Income$615.52 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$30.61 billion
Next Earnings Date7/29/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

1.93 out of 5 stars

Transportation Sector

31st out of 239 stocks

Trucking, Except Local Industry

8th out of 21 stocks

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Old Dominion Freight Line (NASDAQ:ODFL) Frequently Asked Questions

Is Old Dominion Freight Line a buy right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 1 sell rating, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Old Dominion Freight Line stock. 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 analyst ratings for Old Dominion Freight Line
or view top-rated stocks.

What stocks does MarketBeat like better than Old Dominion Freight Line?

Wall Street analysts have given Old Dominion Freight Line a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Old Dominion Freight Line wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Old Dominion Freight Line's next earnings date?

Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Old Dominion Freight Line
.

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

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) released its earnings results on Thursday, April, 22nd. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.58 by $0.12. The transportation company earned $1.13 billion during the quarter, compared to analysts' expectations of $1.11 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 20.47% and a net margin of 15.87%. The firm's quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS.
View Old Dominion Freight Line's earnings history
.

How has Old Dominion Freight Line's stock price been impacted by Coronavirus (COVID-19)?

Old Dominion Freight Line's stock was trading at $180.00 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ODFL stock has increased by 46.7% and is now trading at $263.97.
View which stocks have been most impacted by COVID-19
.

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, February 4th. Shareholders of record on Wednesday, March 3rd will be given a dividend of $0.20 per share on Wednesday, March 17th. This represents a $0.80 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Tuesday, March 2nd. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.15.
View Old Dominion Freight Line's dividend history
.

Is Old Dominion Freight Line a good dividend stock?

Old Dominion Freight Line pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.31%. Old Dominion Freight Line does not yet have a strock track record of dividend growth. The dividend payout ratio of Old Dominion Freight Line is 15.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Old Dominion Freight Line will have a dividend payout ratio of 11.64% next year. This indicates that Old Dominion Freight Line will be able to sustain or increase its dividend.
View Old Dominion Freight Line's dividend history.

When did Old Dominion Freight Line's stock split? How did Old Dominion Freight Line's stock split work?

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 minted shares were issued to shareholders after the closing bell on Monday, March 23rd 2020. An investor that had 100 shares of Old Dominion Freight Line stock prior to the split would have 150 shares after the split.

How will Old Dominion Freight Line's stock buyback program work?

Old Dominion Freight Line announced that its board has authorized a stock repurchase plan on Thursday, May 16th 2019, which authorizes the company to buyback $350,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

What price target have analysts set for ODFL?

16 analysts have issued 1 year price targets for Old Dominion Freight Line's shares. Their forecasts range from $174.00 to $285.00. On average, they anticipate Old Dominion Freight Line's stock price to reach $230.75 in the next year. This suggests that the stock has a possible downside of 12.6%.
View analysts' price targets for Old Dominion Freight Line
or view top-rated stocks among Wall Street analysts.

Who are Old Dominion Freight Line's key executives?

Old Dominion Freight Line's management team includes the following people:
  • Mr. David S. Congdon, Exec. Chairman (Age 64, Pay $5.9M)
  • Mr. Greg C. Gantt, Pres, CEO & Director (Age 65, Pay $5.71M)
  • Mr. Adam N. Satterfield, Sr. VP of Fin., CFO & Assistant Sec. (Age 46, Pay $2.31M)
  • Mr. Kevin Freeman, Exec. VP & COO (Age 62, Pay $3.04M)
  • Ms. Kimberly S. Maready, Principal Accounting Officer and VP of Accounting & Fin. (Age 50)
  • Mr. Ross H. Parr, Sr. VP of Legal Affairs, Gen. Counsel & Sec. (Age 49)
  • Sam Faucette, VP of Safety & Compliance
  • Mr. Gregory B. Plemmons, Sr. VP of Sales (Age 56)
  • Mr. Christopher Thomas Brooks, Sr. VP of HR & Safety (Age 50)
  • Mr. Cecil E. Overbey Jr., Sr. VP of Strategic Devel. (Age 59)

What is David S. Congdon's approval rating as Old Dominion Freight Line's CEO?

310 employees have rated Old Dominion Freight Line CEO David S. Congdon on Glassdoor.com. David S. Congdon has an approval rating of 83% among Old Dominion Freight Line's employees.

Who are some of Old Dominion Freight Line's key competitors?

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), The Walt Disney (DIS), Netflix (NFLX), The 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.60%), JPMorgan Chase & Co. (1.57%), Geode Capital Management LLC (1.49%), Northern Trust Corp (0.99%), WCM Investment Management LLC (0.99%) and Bank of New York Mellon Corp (0.95%). Company insiders that own Old Dominion Freight Line stock include David J Bates, David S Congdon, Earl E Congdon, Gregory B Plemmons and Leo H Suggs.
View institutional ownership trends for Old Dominion Freight Line
.

Which major investors are selling Old Dominion Freight Line stock?

ODFL stock was sold by a variety of institutional investors in the last quarter, including Alpha Omega Wealth Management LLC, Victory Capital Management Inc., Wasatch Advisors Inc., Assenagon Asset Management S.A., UBS Group AG, Bank of New York Mellon Corp, Allianz Asset Management GmbH, and Alliancebernstein L.P..
View insider buying and selling activity for Old Dominion Freight Line
or view top insider-selling stocks.

Which major investors are buying Old Dominion Freight Line stock?

ODFL stock was purchased by a variety of institutional investors in the last quarter, including WCM Investment Management LLC, BlackRock Inc., The Manufacturers Life Insurance Company, Artisan Partners Limited Partnership, Quantum Capital Management LLC NJ, Envestnet Asset Management Inc., Lord Abbett & CO. LLC, and Los Angeles Capital Management LLC.
View insider buying and selling activity for Old Dominion Freight Line
or or view top insider-buying stocks.

How do I buy shares of Old Dominion Freight Line?

Shares of ODFL 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 $263.97.

How much money does Old Dominion Freight Line make?

Old Dominion Freight Line has a market capitalization of $30.61 billion and generates $4.11 billion in revenue each year. The transportation company earns $615.52 million in net income (profit) each year or $5.11 on an earnings per share basis.

How many employees does Old Dominion Freight Line have?

Old Dominion Freight Line employs 19,779 workers across the globe.

When was Old Dominion Freight Line founded?

Old Dominion Freight Line was founded in 1934.

What is Old Dominion Freight Line's official website?

The official website for Old Dominion Freight Line is www.odfl.com.

Where are Old Dominion Freight Line's headquarters?

Old Dominion Freight Line is headquartered at 500 OLD DOMINION WAY, THOMASVILLE NC, 27360.

How can I contact Old Dominion Freight Line?

Old Dominion Freight Line's mailing address is 500 OLD DOMINION WAY, THOMASVILLE NC, 27360. The transportation company can be reached via phone at 336-889-5000 or via email at [email protected]


This page was last updated on 5/13/2021 by MarketBeat.com Staff
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