NASDAQ:ODFL

Old Dominion Freight Line (ODFL) Stock Price, News & Analysis

$196.66
+1.60 (+0.82%)
(As of 04/25/2024 ET)
Today's Range
$192.30
$198.78
50-Day Range
$195.06
$427.95
52-Week Range
$147.90
$227.80
Volume
2.57 million shs
Average Volume
1.39 million shs
Market Capitalization
$42.81 billion
P/E Ratio
34.93
Dividend Yield
0.53%
Price Target
$211.56

Old Dominion Freight Line MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
7.4% Upside
$211.26 Price Target
Short Interest
Healthy
1.89% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.90
Upright™ Environmental Score
News Sentiment
0.14mentions of Old Dominion Freight Line in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$3.52 M Sold Last Quarter
Proj. Earnings Growth
14.49%
From $6.35 to $7.27 Per Share

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.

4.05 out of 5 stars

Transportation Sector

38th out of 113 stocks

Trucking, Except Local Industry

6th out of 12 stocks

ODFL stock logo

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.

ODFL Stock Price History

ODFL Stock News Headlines

“Retirement Secret” Showed 995% Gain Last Time We Shared It
Central Banks Buying Gold in Record Numbers Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can… Stacking it in their locked vaults on pallets in record numbers.
Q1 2024 Old Dominion Freight Line Inc Earnings Call
“Retirement Secret” Showed 995% Gain Last Time We Shared It
Central Banks Buying Gold in Record Numbers Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can… Stacking it in their locked vaults on pallets in record numbers.
Trucker ODFL Earnings Rise on Cost Cuts, Sales Growth
7 Stable Stocks for 50% Returns by Early 2025
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.

Company Calendar

Ex-Dividend for 3/20 Dividend
3/05/2024
Dividend Payable
3/20/2024
Last Earnings
4/24/2024
Today
4/25/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Trucking, except local
Sub-Industry
Trucking
Current Symbol
NASDAQ:ODFL
CUSIP
67958010
Employees
22,902
Year Founded
1934

Price Target and Rating

Average Stock Price Target
$211.26
High Stock Price Target
$257.50
Low Stock Price Target
$175.00
Potential Upside/Downside
+7.6%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
15 Analysts

Profitability

Net Income
$1.24 billion
Pretax Margin
28.09%

Debt

Sales & Book Value

Annual Sales
$5.87 billion
Cash Flow
$6.44 per share
Book Value
$19.54 per share

Miscellaneous

Free Float
195,036,000
Market Cap
$42.81 billion
Optionable
Optionable
Beta
1.02

Social Links

These 7 Stocks Will Be Magnificent in 2024 Cover

With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.

Get This Free Report

Key Executives

  • Mr. David S. CongdonMr. David S. Congdon (Age 67)
    Executive Chairman of the Board
    Comp: $5.51M
  • Mr. Kevin M. Freeman (Age 65)
    President & CEO
    Comp: $6.15M
  • Mr. Adam N. Satterfield (Age 49)
    Executive VP of Finance, CFO & Assistant Secretary
    Comp: $5.15M
  • Mr. Gregory B. Plemmons (Age 59)
    Executive VP & COO
    Comp: $3.84M
  • Mr. Earl E. Congdon (Age 93)
    Chairman Emeritus & Senior Advisor
    Comp: $3.8M
  • Ms. 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 Faucette
    Vice President of Safety & Compliance
  • Mr. Steven W. HartsellMr. Steven W. Hartsell (Age 56)
    Senior Vice President of Sales
  • Mr. Christopher Thomas Brooks (Age 53)
    Senior Vice President of Human Resources & Safety

ODFL Stock Analysis - Frequently Asked Questions

Should I buy or sell Old Dominion Freight Line stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last twelve months. There are currently 9 hold ratings and 6 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 target for 2024?

15 Wall Street research analysts have issued 12 month price targets for Old Dominion Freight Line's stock. Their ODFL share price targets range from $175.00 to $257.50. On average, they expect the company's stock price to reach $211.26 in the next twelve months. This suggests a possible upside of 7.4% 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 the year. Since then, ODFL shares have decreased by 3.0% and is now trading at $196.66.
View the best growth stocks for 2024 here
.

Are investors shorting Old Dominion Freight Line?

Old Dominion Freight Line saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,460,000 shares, an increase of 112.4% from the March 15th total of 2,100,000 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is currently 3.4 days.
View Old Dominion Freight Line's Short Interest
.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.01. The transportation company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Old Dominion Freight Line had a net margin of 21.13% and a trailing twelve-month return on equity of 31.18%.
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 Wednesday, January 31st. Investors of record on Wednesday, March 6th will be paid a dividend of $0.26 per share on Wednesday, March 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Tuesday, March 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 0.47%. 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 18.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 14.31% 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 on the morning of Thursday, March 28th 2024. The 2-1 split was announced on Friday, February 16th 2024. The newly created shares were payable to shareholders after the closing bell 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 announced that its Board of Directors has initiated a stock buyback program on Wednesday, July 26th 2023, which permits the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management 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 Bank of New York Mellon Corp (2.73%), WCM Investment Management LLC (0.91%), Canal Capital Management LLC (0.26%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), Congress Asset Management Co. MA (0.20%) and Allspring Global Investments Holdings LLC (0.18%). 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.

This page (NASDAQ:ODFL) was last updated on 4/26/2024 by MarketBeat.com Staff

From Our Partners