NASDAQ:ODFL Old Dominion Freight Line (ODFL) Stock Forecast, Price & News $410.78 +4.83 (+1.19%) (As of 08/11/2023 08:48 PM ET) Add Compare Share Share Today's Range$403.62▼$412.4650-Day Range$306.14▼$427.5952-Week Range$240.00▼$429.24Volume577,900 shsAverage Volume826,944 shsMarket Capitalization$44.89 billionP/E Ratio35.69Dividend Yield0.39%Price Target$360.57 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Old Dominion Freight Line MarketRank™ ForecastAnalyst RatingHold2.21 Rating ScoreUpside/Downside12.2% Downside$360.57 Price TargetShort InterestHealthy3.56% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-5.90Upright™ Environmental ScoreNews Sentiment0.59Based on 12 Articles This WeekInsider TradingN/AProj. Earnings Growth21.03%From $10.65 to $12.89 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.36 out of 5 starsTransportation Sector54th out of 114 stocksTrucking, Except Local Industry9th out of 15 stocks 2.1 Analyst's Opinion Consensus RatingOld Dominion Freight Line has received a consensus rating of Hold. The company's average rating score is 2.21, and is based on 7 buy ratings, 9 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $360.57, Old Dominion Freight Line has a forecasted downside of 12.2% from its current price of $410.78.Amount of Analyst CoverageOld Dominion Freight Line has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.56% of the float of Old Dominion Freight Line has been sold short.Short Interest Ratio / Days to CoverOld Dominion Freight Line has a short interest ratio ("days to cover") of 3.7, 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 22.33%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldOld Dominion Freight Line has a dividend yield of 0.39%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthOld Dominion Freight Line has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Old Dominion Freight Line is 13.90%. 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 12.41% next year. This indicates that Old Dominion Freight Line will be able to sustain or increase its 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 3.1 News and Social Media Coverage News SentimentOld Dominion Freight Line has a news sentiment score of 0.59. 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 is a higher news sentiment than the 0.48 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Old Dominion Freight Line this week, compared to 7 articles on an average week.Search Interest19 people have searched for ODFL on MarketBeat in the last 30 days. This is an increase of 46% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Old Dominion Freight Line to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days. Previous Next 2.5 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 Insiders10.40% of the stock of Old Dominion Freight Line is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions72.38% 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. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Old Dominion Freight Line are expected to grow by 21.03% in the coming year, from $10.65 to $12.89 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Old Dominion Freight Line is 35.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.60.Price to Earnings Ratio vs. SectorThe P/E ratio of Old Dominion Freight Line is 35.69, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 21.97.Price to Earnings Growth RatioOld Dominion Freight Line has a PEG Ratio of 4.88. 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 11.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Old Dominion Freight Line (NASDAQ:ODFL) StockOld 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, 2022, it owned and operated 11,274 tractors, 31,252 linehaul trailers, and 14,315 pickup and delivery trailers; 44 fleet maintenance centers; and 255 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.Read More ODFL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ODFL Stock News HeadlinesJuly 28, 2023 | marketbeat.comThe Road Ahead For UPS: Can Stock Deliver After Contract Deal? (ODFL)Investors remain cautious as UPS stock hovers in a correction even after a strike is averted. Revenue concerns are putting a damper on investor enthusiasm.August 13, 2023 | americanbankingnews.comAnalysts Set Expectations for Old Dominion Freight Line, Inc.'s Q3 2023 Earnings (NASDAQ:ODFL)August 14, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.August 11, 2023 | seekingalpha.comOld Dominion Freight Line, Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 7, 2023 | finance.yahoo.comYellow Declared Bankruptcy. FedEx and 4 More Stocks That Can Win.August 4, 2023 | americanbankingnews.comOld Dominion Freight Line, Inc. (NASDAQ:ODFL) Given Consensus Rating of "Hold" by BrokeragesAugust 1, 2023 | msn.comUnusual Put Option Trade in Old Dominion Freight Line (ODFL) Worth $566.44KJuly 29, 2023 | msn.comBarclays Maintains Old Dominion Freight Line (ODFL) Equal-Weight RecommendationAugust 14, 2023 | Behind the Markets (Ad)[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>July 27, 2023 | msn.comOld Dominion Freight Line revenue falls below forecasts as a reflection of a soft economy, while new $3 billion stock buyback program announcedJuly 27, 2023 | bizjournals.comOld Dominion Freight Line reports good but less-than-ideal Q2 earningsJuly 26, 2023 | markets.businessinsider.comOld Dominion Freight Line, Inc. Q2 income drops in line with estimatesJuly 26, 2023 | seekingalpha.comTrucking stocks rally again after strong Old Dominion earnings, more Yellow dramaJuly 26, 2023 | msn.comOld Dominion Freight Line Q2: Sales Miss, EPS In-Line, New Repurchase Authorization & MoreJuly 26, 2023 | finance.yahoo.comOld Dominion (ODFL) Q2 Earnings Beat, Revenues Miss, Fall Y/YJuly 26, 2023 | finance.yahoo.comOld Dominion uses cost control to mitigate slumping demand in Q2July 26, 2023 | gurufocus.comIs Old Dominion Freight Line (ODFL) Modestly Overvalued? An In-depth GF Value AnalysisJuly 26, 2023 | gurufocus.comOld Dominion Freight Line Inc (ODFL): A Comprehensive GF Score AnalysisJuly 25, 2023 | benzinga.com$100 Invested In This Stock 20 Years Ago Would Be Worth $9,300 TodayJuly 23, 2023 | finance.yahoo.comIs Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Potentially Undervalued?July 18, 2023 | msn.comBarclays Initiates Coverage of Old Dominion Freight Line (ODFL) with Equal-Weight RecommendationJuly 18, 2023 | finance.yahoo.comOld Dominion (ODFL) Gears up for Q2 Earnings: What's in Store?July 17, 2023 | finance.yahoo.comOld Dominion Freight Line, Inc.: Old Dominion: Upgrading Moat to Narrow on Robust Freight Density AdvantageJuly 15, 2023 | news.yahoo.comOld Dominion Freight Line gets incentives for project at former Philip Morris siteJuly 14, 2023 | bizjournals.comOld Dominion Freight Line secures incentives for Concord project at former Philip Morris siteJuly 12, 2023 | marketwatch.comOld Dominion Freight Line Inc. stock underperforms Wednesday when compared to competitorsJuly 10, 2023 | finance.yahoo.comBest Trucking Stocks to Buy for July 2023See 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 ODFL Company Calendar Ex-Dividend for 6/21 Dividend6/06/2023Dividend Payable6/21/2023Last Earnings7/26/2023Today8/13/2023Ex-Dividend for 9/20 Dividend9/05/2023Dividend Payable9/20/2023Next Earnings (Estimated)10/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Trucking, except local Sub-IndustryTrucking SectorTransportation Current SymbolNASDAQ:ODFL CUSIP67958010 CIK878927 Webwww.odfl.com Phone(336) 889-5000Fax336-822-5239Employees23,471Year Founded1934Price Target and Rating Average Stock Price Forecast$360.57 High Stock Price Forecast$470.00 Low Stock Price Forecast$260.00 Forecasted Upside/Downside-12.2%Consensus RatingHold Rating Score (0-4)2.21 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)$11.51 Trailing P/E Ratio35.69 Forward P/E Ratio38.57 P/E Growth4.88Net Income$1.38 billion Net Margins21.49% Pretax Margin28.64% Return on Equity34.58% Return on Assets26.11% Debt Debt-to-Equity Ratio0.02 Current Ratio1.45 Quick Ratio1.57 Sales & Book Value Annual Sales$6.26 billion Price / Sales7.17 Cash Flow$14.96 per share Price / Cash Flow27.45 Book Value$35.07 per share Price / Book11.71Miscellaneous Outstanding Shares109,270,000Free Float97,904,000Market Cap$44.89 billion OptionableOptionable Beta1.12 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. David S. Congdon (Age 66)Exec. Chairman Comp: $5.51MMr. Kevin M. Freeman (Age 64)Pres & CEO Comp: $6.15MMr. Adam N. Satterfield (Age 48)Exec. VP of Fin., CFO & Assistant Sec. Comp: $5.15MMr. Gregory B. Plemmons (Age 58)Exec. VP & COO Comp: $3.84MMr. Earl E. Congdon (Age 92)Chairman Emeritus & Sr. Advisor Ms. Kimberly S. Maready (Age 52)Principal Accounting Officer and VP of Accounting & Fin. Mr. Ross H. Parr (Age 51)Sr. VP of Legal Affairs, Gen. Counsel & Sec. Sam FaucetteVP of Safety & ComplianceMr. Steven W. Hartsell (Age 55)Sr. VP of Sales Mr. Christopher Thomas Brooks (Age 52)Sr. VP of HR & Safety More ExecutivesKey CompetitorsJ.B. Hunt Transport ServicesNASDAQ:JBHTSaiaNASDAQ:SAIANorfolk SouthernNYSE:NSCDelta Air LinesNYSE:DALCSXNASDAQ:CSXView All CompetitorsInsiders & InstitutionsAmeritas Investment Partners Inc.Bought 32 shares on 8/11/2023Ownership: 0.006%Panagora Asset Management Inc.Sold 35 shares on 8/11/2023Ownership: 0.002%SageView Advisory Group LLCSold 37 shares on 8/11/2023Ownership: 0.001%Covestor LtdSold 68 shares on 8/11/2023Ownership: 0.000%D.A. Davidson & CO.Bought 4 shares on 8/11/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions ODFL Stock - Frequently Asked Questions Should I buy or sell Old Dominion Freight Line stock right now? 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 3 sell ratings, 9 hold ratings and 7 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 forecast for 2023? 19 equities research analysts have issued 1 year price objectives for Old Dominion Freight Line's stock. Their ODFL share price forecasts range from $260.00 to $470.00. On average, they predict the company's share price to reach $360.57 in the next twelve months. This suggests that the stock has a possible downside of 12.2%. View analysts price targets for ODFL or view top-rated stocks among Wall Street analysts. How have ODFL shares performed in 2023? Old Dominion Freight Line's stock was trading at $283.78 on January 1st, 2023. Since then, ODFL shares have increased by 44.8% and is now trading at $410.78. View the best growth stocks for 2023 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 25th 2023. 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 data on Wednesday, July, 26th. The transportation company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.02. The transportation company earned $1.41 billion during the quarter, compared to the consensus estimate of $1.44 billion. Old Dominion Freight Line had a net margin of 21.49% and a trailing twelve-month return on equity of 34.58%. The company's revenue was down 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.30 EPS. 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 Thursday, July 20th. Investors of record on Wednesday, September 6th will be given a dividend of $0.40 per share on Wednesday, September 20th. This represents a $1.60 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Tuesday, September 5th. 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 ProShares Supply Chain Logistics ETF (SUPL), iShares U.S. Transportation ETF (IYT), Invesco DWA Industrials Momentum ETF (PRN), Sterling Capital Focus Equity ETF (LCG), Direxion Daily Transportation Bull 3X Shares (TPOR), Invesco Focused Discovery Growth ETF (IVDG), VictoryShares THB Mid Cap ESG ETF (MDCP) and Pacer Industrials and Logistics ETF (SHPP). Is Old Dominion Freight Line a good dividend stock? Old Dominion Freight Line (NASDAQ:ODFL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 0.39%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 12.41% 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 before market open on Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly minted shares were distributed 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. 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 repurchase plan on Wednesday, July 26th 2023, which allows the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is 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). 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.76%), Capital Research Global Investors (5.18%), Bank of New York Mellon Corp (3.28%), JPMorgan Chase & Co. (2.09%), Geode Capital Management LLC (2.06%) and Capital World Investors (1.56%). Insiders that own company stock include Bradley R Gabosch, David J Bates, David S 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 $410.78. How much money does Old Dominion Freight Line make? Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $44.89 billion and generates $6.26 billion in revenue each year. The transportation company earns $1.38 billion in net income (profit) each year or $11.51 on an earnings per share basis. How many employees does Old Dominion Freight Line have? The company employs 23,471 workers across the globe. 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 8/14/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Old Dominion Freight Line, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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