NASDAQ:ODFL Old Dominion Freight Line (ODFL) Stock Price, News & Analysis → We’ve Made 1,000% … THREE Different Times in the Last Year (Here’s How) (From Paradigm Press) (Ad) Free ODFL Stock Alerts $168.53 -1.31 (-0.77%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$165.89▼$170.2550-Day Range$169.33▼$224.6952-Week Range$149.45▼$227.80Volume1.50 million shsAverage Volume2.05 million shsMarket Capitalization$36.62 billionP/E Ratio29.67Dividend Yield0.62%Price Target$206.35 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Old Dominion Freight Line alerts: Email Address Old Dominion Freight Line MarketRank™ Stock AnalysisAnalyst RatingHold2.40 Rating ScoreUpside/Downside22.4% Upside$206.35 Price TargetShort InterestHealthy2.22% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-5.90Upright™ Environmental ScoreNews Sentiment0.83Based on 24 Articles This WeekInsider TradingN/AProj. Earnings Growth18.64%From $6.01 to $7.13 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.37 out of 5 starsTransportation Sector20th out of 109 stocksTrucking, Except Local Industry5th out of 13 stocks 3.2 Analyst's Opinion Consensus RatingOld Dominion Freight Line has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 7 buy ratings, 11 hold ratings, and 1 sell rating.Amount of Analyst CoverageOld Dominion Freight Line has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Old Dominion Freight Line's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.22% of the outstanding shares of Old Dominion Freight Line have been sold short.Short Interest Ratio / Days to CoverOld Dominion Freight Line has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Old Dominion Freight Line has recently decreased by 4.92%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend YieldOld Dominion Freight Line has a dividend yield of 0.61%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthOld Dominion Freight Line has only been increasing its dividend for 4 years.Dividend CoverageThe dividend payout ratio of Old Dominion Freight Line is 18.31%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Old Dominion Freight Line will have a dividend payout ratio of 14.59% next year. This indicates that Old Dominion Freight Line will be able to sustain or increase its dividend.Read more about Old Dominion Freight Line's dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOld Dominion Freight Line has received a -102.98% net impact score from Upright. The largest negative impact of Old Dominion Freight Line in category "GHG emissions" seems to be driven mostly by its "Truck freight transport services", "Refrigerated truck freight transport services", and "Road freight brokerage services" products. See details.Environmental SustainabilityThe Environmental Impact score for Old Dominion Freight Line is -5.90. Previous Next 3.2 News and Social Media Coverage News SentimentOld Dominion Freight Line has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.News Coverage This WeekMarketBeat has tracked 24 news articles for Old Dominion Freight Line this week, compared to 11 articles on an average week.Search Interest18 people have searched for ODFL on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.MarketBeat Follows26 people have added Old Dominion Freight Line to their MarketBeat watchlist in the last 30 days. This is an increase of 18% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Old Dominion Freight Line insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 9.90% of the stock of Old Dominion Freight Line is held by insiders.Percentage Held by Institutions77.82% of the stock of Old Dominion Freight Line is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Old Dominion Freight Line's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Old Dominion Freight Line are expected to grow by 18.64% in the coming year, from $6.01 to $7.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Old Dominion Freight Line is 29.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Old Dominion Freight Line is 29.67, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 19.86.Price to Earnings Growth RatioOld Dominion Freight Line has a PEG Ratio of 2.15. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioOld Dominion Freight Line has a P/B Ratio of 8.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Old Dominion Freight Line's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressTime is Running Out - June 25th Deadline Approaching!If you missed out on crypto, this could be your second chance. The AI “wealth window” is opening now, but you must get in now. Don’t delay.See all the details you need here. About Old Dominion Freight Line Stock (NASDAQ:ODFL)Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2023, it owned and operated 10,791 tractors, 31,233 linehaul trailers, and 15,181 pickup and delivery trailers; 46 fleet maintenance centers; and 257 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.Read More ODFL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ODFL Stock News HeadlinesJune 8 at 4:56 AM | fool.com2 No-Brainer Industrial Stocks to Buy With $200 Right NowJune 8 at 4:26 AM | americanbankingnews.comBank of America Lowers Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $192.00June 8 at 1:30 AM | americanbankingnews.comOld Dominion Freight Line (NASDAQ:ODFL) Shares Gap Down After Analyst DowngradeJune 7 at 6:11 PM | globenewswire.comOld Dominion University and Eastern Virginia Medical School Commemorate Integration at Community Celebration with Historic Investments and Name UnveilingsJune 7 at 8:24 AM | americanbankingnews.comOld Dominion Freight Line (NASDAQ:ODFL) Receives New Coverage from Analysts at Wells Fargo & CompanyJune 6 at 11:19 AM | fool.comWhy Old Dominion Stock Is Decelerating TodayJune 6 at 5:50 AM | americanbankingnews.comOld Dominion Freight Line (NASDAQ:ODFL) Shares Gap Up to $169.33June 5 at 4:05 PM | businesswire.comOld Dominion Freight Line Provides Update for Second Quarter 2024June 5 at 7:26 AM | americanbankingnews.comBMO Capital Markets Initiates Coverage on Old Dominion Freight Line (NASDAQ:ODFL)June 4, 2024 | fool.comWhy Saia and Old Dominion Stocks Are in the Fast Lane TodayJune 3, 2024 | americanbankingnews.comOld Dominion Freight Line, Inc. (ODFL) to Issue Quarterly Dividend of $0.26 on June 19thMay 30, 2024 | investorplace.com3 Low-Priced Stocks Poised for a 30% BreakoutMay 28, 2024 | msn.comOld Dominion Preview, Best Players, Top Transfers, Season Prediction, Win Total 2024May 27, 2024 | finance.yahoo.comOld Dominion Freight Line, Inc.'s (NASDAQ:ODFL) Intrinsic Value Is Potentially 24% Below Its Share PriceMay 22, 2024 | msn.comSouth Alabama’s baseball season ends with 3-2 loss to Old Dominion in Sun Belt tournamentMay 20, 2024 | msn.comOld Dominion Freight Line declares $0.26 dividendMay 20, 2024 | businesswire.comOld Dominion Freight Line Announces $0.26 Per Share Quarterly Cash DividendMay 18, 2024 | msn.comOld Dominion's Matthew Ramsey Recalls Having Water Turned Off in Band's Early Days as They Win at 2024 ACM AwardsMay 18, 2024 | finance.yahoo.comOld Dominion Freight Line, Inc. (ODFL)May 13, 2024 | finance.yahoo.comWith 73% ownership, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) boasts of strong institutional backingMay 12, 2024 | detroitnews.comReports: Michigan State adds 2nd Old Dominion transfer in defensive tackle Jalen SatchellMay 12, 2024 | msn.comMichigan State football lands Old Dominion transfer DL Jalen SatchellMay 12, 2024 | msn.comMichigan State adds defensive tackle transfer from Old DominionMay 10, 2024 | msn.comTop picks in Transportation and logistics - BairdMay 8, 2024 | msn.comBaird Upgrades Old Dominion Freight Line (ODFL)See More Headlines Receive ODFL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Old Dominion Freight Line and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/20 Dividend3/05/2024Dividend Payable3/20/2024Last Earnings4/24/2024Ex-Dividend for 6/19 Dividend6/05/2024Today6/08/2024Dividend Payable6/19/2024Next Earnings (Estimated)7/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorTransportation Industry Trucking, except local Sub-IndustryTrucking Current SymbolNASDAQ:ODFL CUSIP67958010 CIK878927 Webwww.odfl.com Phone(336) 889-5000Fax336-822-5239Employees22,902Year Founded1934Price Target and Rating Average Stock Price Target$206.35 High Stock Price Target$257.50 Low Stock Price Target$175.00 Potential Upside/Downside+22.4%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage20 Analysts Profitability EPS (Most Recent Fiscal Year)$5.68 Trailing P/E Ratio29.67 Forward P/E Ratio28.04 P/E Growth2.15Net Income$1.24 billion Net Margins21.19% Pretax Margin28.15% Return on Equity30.12% Return on Assets23.26% Debt Debt-to-Equity Ratio0.01 Current Ratio2.29 Quick Ratio2.29 Sales & Book Value Annual Sales$5.87 billion Price / Sales6.24 Cash Flow$7.12 per share Price / Cash Flow23.67 Book Value$19.54 per share Price / Book8.62Miscellaneous Outstanding Shares217,290,000Free Float195,774,000Market Cap$36.62 billion OptionableOptionable Beta1.02 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. David S. Congdon (Age 67)Executive Chairman of the Board Comp: $5.51MMr. Kevin M. Freeman (Age 65)President & CEO Comp: $6.15MMr. Adam N. Satterfield (Age 49)Executive VP of Finance, CFO & Assistant Secretary Comp: $5.15MMr. Gregory B. Plemmons (Age 59)Executive VP & COO Comp: $3.84MMr. Earl E. Congdon (Age 93)Chairman Emeritus & Senior Advisor Comp: $3.8MMs. Kimberly S. Maready (Age 53)Principal Accounting Officer and VP of Accounting & Finance Mr. Ross H. Parr (Age 52)Senior VP of Legal Affairs, General Counsel & Secretary Sam FaucetteVice President of Safety & ComplianceMr. Steven W. Hartsell (Age 56)Senior Vice President of Sales Mr. Christopher Thomas Brooks (Age 53)Senior Vice President of Human Resources & Safety More ExecutivesKey CompetitorsJ.B. Hunt Transport ServicesNASDAQ:JBHTU-HaulNASDAQ:UHALSaiaNASDAQ:SAIAKnight-Swift TransportationNYSE:KNXLandstar SystemNASDAQ:LSTRView All CompetitorsInsiders & InstitutionsDekaBank Deutsche GirozentraleBought 13,870 shares on 6/4/2024Ownership: 0.017%Teachers Retirement System of The State of KentuckyBought 6,944 shares on 5/28/2024Ownership: 0.007%PGGM InvestmentsBought 19,149 shares on 5/24/2024Ownership: 0.018%Cetera Investment AdvisersBought 26,064 shares on 5/24/2024Ownership: 0.014%Cetera Advisors LLCBought 8,311 shares on 5/24/2024Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions Should I Buy Old Dominion Freight Line Stock? ODFL Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Old Dominion Freight Line, Inc.: Old Dominion Freight Line, Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance. The company has a solid track record of profitability, with a healthy earnings per share ratio, which is a positive indicator for investors. Old Dominion Freight Line, Inc. has a low debt-to-equity ratio, suggesting a stable financial position and lower risk for investors. The stock price of Old Dominion Freight Line, Inc. has been steadily increasing, reflecting positive market sentiment and potential for capital appreciation. The company has a strong market position and competitive advantage in the freight transportation industry, providing long-term growth opportunities for investors. Cons Investors should be bearish about investing in Old Dominion Freight Line, Inc. for these reasons: Old Dominion Freight Line, Inc. operates in a highly competitive industry with potential pricing pressures and margin challenges. Fluctuations in fuel prices can impact the operating costs of Old Dominion Freight Line, Inc., affecting its profitability and financial performance. Changes in government regulations related to transportation and logistics could pose risks to the operations and profitability of the company. Old Dominion Freight Line, Inc. may face risks associated with economic downturns or disruptions in supply chains, impacting its business operations. Investors should consider the cyclical nature of the transportation industry, which can lead to volatility in Old Dominion Freight Line, Inc.'s financial results. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these Old Dominion Freight Line pros and cons to contact@marketbeat.com. ODFL Stock Analysis - Frequently Asked Questions Should I buy or sell Old Dominion Freight Line stock right now? 20 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, 11 hold ratings, 7 buy ratings and 1 strong buy rating 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 target for 2024? 20 brokerages have issued 1 year price objectives for Old Dominion Freight Line's shares. Their ODFL share price targets range from $175.00 to $257.50. On average, they anticipate the company's stock price to reach $206.35 in the next year. This suggests a possible upside of 22.4% 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 2024? Old Dominion Freight Line's stock was trading at $202.6650 at the beginning of 2024. Since then, ODFL stock has decreased by 16.8% and is now trading at $168.53. View the best growth stocks for 2024 here. When is Old Dominion Freight Line's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024. View our ODFL earnings forecast. How were Old Dominion Freight Line's earnings last quarter? Old Dominion Freight Line, Inc. (NASDAQ:ODFL) posted its quarterly earnings results on Wednesday, April, 24th. The transportation company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.33 by $0.01. The transportation company earned $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Old Dominion Freight Line had a net margin of 21.19% and a trailing twelve-month return on equity of 30.12%. 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 declared a quarterly dividend on Monday, May 20th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.26 per share on Wednesday, June 19th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Wednesday, June 5th. 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 $1.04 per share and currently has a dividend yield of 0.61%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 14.59% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ODFL. What ETFs hold Old Dominion Freight Line's stock? ETFs with the largest weight of Old Dominion Freight Line (NASDAQ:ODFL) stock in their portfolio include iShares U.S. Transportation ETF (IYT), ProShares Supply Chain Logistics ETF (SUPL), Direxion Daily Transportation Bull 3X Shares (TPOR), Invesco Focused Discovery Growth ETF (IVDG), Pacer Industrials and Logistics ETF (SHPP), VictoryShares THB Mid Cap ESG ETF (MDCP), Sterling Capital Focus Equity ETF (LCG) and SPDR S&P Transportation ETF (XTN). When did Old Dominion Freight Line's stock split? Old Dominion Freight Line's stock split before market open on Thursday, March 28th 2024. The 2-1 split was announced on Friday, February 16th 2024. The newly issued shares were distributed to shareholders after the market closes on Wednesday, March 27th 2024. An investor that had 100 shares of stock prior to the split would have 200 shares after the split. How will Old Dominion Freight Line's stock buyback program work? Old Dominion Freight Line declared that its board has initiated a share repurchase program on Wednesday, July 26th 2023, which authorizes the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued. 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). 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 Vanguard Group Inc. (10.01%), Price T Rowe Associates Inc. MD (6.32%), Capital Research Global Investors (3.03%), Bank of New York Mellon Corp (2.73%), Capital World Investors (1.12%) and WCM Investment Management LLC (0.91%). Insiders that own company stock include Bradley R Gabosch, David J Bates, David S Congdon, John D Kasarda, Leo H Suggs, Steven W Hartsell and Thomas A Stith III. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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