NASDAQ:ODFL Old Dominion Freight Line (ODFL) Stock Price, News & Analysis $204.52 +7.77 (+3.95%) (As of 09/19/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Old Dominion Freight Line Stock (NASDAQ:ODFL) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$201.96▼$206.5450-Day Range$184.82▼$210.1852-Week Range$165.49▼$227.80Volume2.15 million shsAverage Volume1.57 million shsMarket Capitalization$44.44 billionP/E Ratio36.01Dividend Yield0.51%Price Target$201.83Consensus RatingHold Company OverviewOld 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… “Buffett Indicator” Predicts 62% Stock Market Crash (Ad)The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.Take these 4 steps to protect your retirement here >>> Old Dominion Freight Line Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 77th PercentileOld Dominion Freight Line scored higher than 77% of companies evaluated by MarketBeat, and ranked 62nd out of 130 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.2 / 5Analyst RatingHold Consensus RatingOld Dominion Freight Line has received a consensus rating of Hold. The company's average rating score is 2.35, and is based on 6 buy ratings, 12 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. Earnings and Valuation1.9 / 5Proj. Earnings Growth14.72% Earnings GrowthEarnings for Old Dominion Freight Line are expected to grow by 14.72% in the coming year, from $5.64 to $6.47 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Old Dominion Freight Line is 36.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.24.Price to Earnings Ratio vs. SectorThe P/E ratio of Old Dominion Freight Line is 36.01, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 21.28.Price to Earnings Growth RatioOld Dominion Freight Line has a PEG Ratio of 3.92. 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 10.47. 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. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted2.76% 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 3.8, 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 increased by 3.99%, indicating that investor sentiment is decreasing. Dividend1.7 / 5Dividend StrengthWeak Dividend YieldOld Dominion Freight Line has a dividend yield of 0.54%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthOld Dominion Freight Line does not have a long track record of dividend growth.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 16.07% 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. Sustainability and ESG0.0 / 5Environmental Score-5.90 Percentage of Shares Shorted2.76% 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 3.8, 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 increased by 3.99%, indicating that investor sentiment is decreasing. News and Social Media2.6 / 5News Sentiment0.65 News SentimentOld Dominion Freight Line has a news sentiment score of 0.65. 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 0.54 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 18 news articles for Old Dominion Freight Line this week, compared to 12 articles on an average week.Search InterestOnly 1 people have searched for ODFL on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Old Dominion Freight Line to their MarketBeat watchlist in the last 30 days. This is a decrease of -96% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Old Dominion Freight Line insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,985,668.00 in 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. ODFL Stock News HeadlinesOld Dominion Freight Line, Inc. (NASDAQ:ODFL) Chairman David S. Congdon Sells 10,000 SharesSeptember 4, 2024 | insidertrades.comOld Dominion Freight Line, Inc. (NASDAQ:ODFL) Chairman David S. Congdon Sells 29,975 SharesAugust 29, 2024 | insidertrades.comWhy You Should NOT Trade This MarketYou'll be interested in our 5-Day Options Trading Challenge, starting September 23. So, what makes this different from every other options research you may have seen? Well, for starters... most of them want you to first BUY their service... which is usually thousands of dollars...September 19, 2024 | InvestorPlace (Ad)Old Dominion Freight Line's (NASDAQ:ODFL) 28% CAGR outpaced the company's earnings growth over the same five-year periodSeptember 19 at 12:34 PM | finance.yahoo.comOld Dominion Freight Line Inc (ODFL) Shares Up 4.19% on Sep 19September 19 at 12:01 PM | gurufocus.comOld Dominion Freight Line (NASDAQ:ODFL) Given New $225.00 Price Target at SusquehannaSeptember 19 at 4:51 AM | americanbankingnews.comMatthew Ramsey talks new Old Dominion compilation, ‘Oldies But Goodies’September 18 at 11:31 PM | apnews.comWhat channel is the Virginia Tech vs. Old Dominion game on?September 16 at 4:05 AM | sfgate.comSee More Headlines ODFL Stock Analysis - Frequently Asked Questions How have ODFL shares performed this year? Old Dominion Freight Line's stock was trading at $202.6650 at the start of the year. Since then, ODFL stock has increased by 0.9% and is now trading at $204.52. View the best growth stocks for 2024 here. How were Old Dominion Freight Line's earnings last quarter? Old Dominion Freight Line, Inc. (NASDAQ:ODFL) issued its quarterly earnings results on Wednesday, July, 24th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The company's quarterly revenue was up 6.1% compared to the same quarter last year. Read the conference call transcript. 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 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. Is Old Dominion Freight Line buying back stock? Old Dominion Freight Line's board initiated a stock buyback program on Wednesday, July 26th 2023, which permits the company to repurchase $3,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 6.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued. Who are Old Dominion Freight Line's major shareholders? Top institutional shareholders of Old Dominion Freight Line include Bank of New York Mellon Corp (2.86%), Legal & General Group Plc (0.77%), Royal London Asset Management Ltd. (0.54%) and Dimensional Fund Advisors LP (0.48%). Insiders that own company stock include David S Congdon, David J Bates, John D Kasarda, Bradley R Gabosch, Thomas A Stith III, Steven W Hartsell 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Old Dominion Freight Line own? Based on aggregate information from My MarketBeat watchlists, some other companies that Old Dominion Freight Line investors own include NVIDIA (NVDA), Walt Disney (DIS), Netflix (NFLX), Home Depot (HD), PayPal (PYPL), Mastercard (MA) and Intel (INTC). Company Calendar Last Earnings7/24/2024Ex-Dividend for 9/18 Dividend9/04/2024Dividend Payable9/18/2024Today9/19/2024Next Earnings (Estimated)10/23/2024Fiscal 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$201.83 High Stock Price Target$225.00 Low Stock Price Target$168.00 Potential Upside/Downside-1.3%Consensus RatingHold Rating Score (0-4)2.35 Research Coverage20 Analysts Profitability EPS (Most Recent Fiscal Year)$5.68 Trailing P/E Ratio36.01 Forward P/E Ratio36.26 P/E Growth3.92Net Income$1.24 billion Net Margins21.38% Pretax Margin28.33% Return on Equity30.33% Return on Assets23.42% Debt Debt-to-Equity Ratio0.01 Current Ratio1.46 Quick Ratio1.46 Sales & Book Value Annual Sales$5.97 billion Price / Sales7.44 Cash Flow$7.77 per share Price / Cash Flow26.32 Book Value$19.54 per share Price / Book10.47Miscellaneous Outstanding Shares217,285,000Free Float195,774,000Market Cap$44.44 billion OptionableOptionable Beta0.99 Social Links Should I Buy Old Dominion Freight Line Stock? ODFL Pros and Cons Explained 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, September 8, 2024. Please send any questions or comments about these Old Dominion Freight Line pros and cons to contact@marketbeat.com. Old Dominion Freight Line Bull Case Here are some ways that investors could benefit from investing in Old Dominion Freight Line, Inc.: Old Dominion Freight Line, Inc. has a strong financial performance with a consistent revenue growth trend over recent periods, indicating stability and potential for long-term growth. The company recently announced a quarterly dividend, providing investors with a steady income stream and demonstrating a commitment to returning value to shareholders. Insiders own a significant portion of the company's stock, showing confidence in the business's future prospects and aligning interests with shareholders. Analysts have provided positive ratings and price targets for Old Dominion Freight Line, Inc., suggesting favorable market sentiment and potential for stock price appreciation. Despite a recent dip in stock price, Old Dominion Freight Line, Inc. has a strong market position and a solid track record, making it a resilient investment option. Old Dominion Freight Line Bear Case Investors should be bearish about investing in Old Dominion Freight Line, Inc. for these reasons: Old Dominion Freight Line, Inc.'s stock price has experienced a recent decline, indicating potential volatility and market uncertainty that could impact investor returns. The company operates in the transportation industry, which is subject to economic fluctuations and regulatory challenges, posing risks to financial performance and stock stability. While the company has a solid dividend payout ratio, the yield may be relatively low compared to other investment opportunities, potentially limiting income generation for investors. Analysts have issued mixed ratings for Old Dominion Freight Line, Inc., with some suggesting caution or a hold position, highlighting uncertainties in the company's future performance. Old Dominion Freight Line, Inc. faces competition from other players in the logistics and transportation sector, which could impact market share and profitability in a competitive market environment. This page (NASDAQ:ODFL) was last updated on 9/19/2024 by MarketBeat.com Staff From Our PartnersUnlock the Secret to Easy Wins with Iron CondorsDiscover the power of Iron Condor trades – a low-risk, high-reward strategy that allows you to profit consiste...Netpicks | SponsoredSell NVDA Now?Guess who's selling NVDA next The most successful hedge fund in history quietly sold 500,000 shares. Here's...Chaikin Analytics | SponsoredTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredCNBC’s ‘Prophet’ issues urgent Fed warning"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all...Stansberry Research | SponsoredWar on Elon Escalates… Elon Musk, the guy slated to become the world’s first trillionaire by 2027, has publicly called for the adopti...Porter & Company | SponsoredMusk’s new company could top a trillion?The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just...Paradigm Press | SponsoredElon Musk’s chilling warning for humanityThe 'invasion' I've discovered has nothing to do with the border crisis. What's happening at our southern bord...The Freeport Society | SponsoredProtect Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank ac...Weiss Ratings | Sponsored Adding Choose a watchlist: Watchlist My Default Watchlist Adding Old Dominion Freight Line, Inc. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Please log in to your account or sign up in order to add this asset to your watchlist. Share Old Dominion Freight Line With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
