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

Company Overview

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.

Key Stats

• Today's Range: $214.17 to $219.78
• 50-Day Range: $188.58 to $231.84
• 52-Week Range: $165.49 to $233.26
• Volume: 866,353 shs
• Average Volume: 1.54 million shs
• Market Capitalization: $46.75 billion
• P/E Ratio: 38.28
• Dividend Yield: 0.47%
• Price Target: $200.00
• Consensus Rating: Hold

Old Dominion Freight Line Stock Analysis - MarketRank™

Old Dominion Freight Line scored higher than 75% of companies evaluated by MarketBeat, and ranked 49th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Old Dominion Freight Line has received a consensus rating of Hold. The company's average rating score is 2.24, and is based on 4 buy ratings, 15 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Old Dominion Freight Line has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 9.39%

Earnings Growth

Earnings for Old Dominion Freight Line are expected to grow by 9.39% in the coming year, from $5.43 to $5.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Old Dominion Freight Line is 38.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Old Dominion Freight Line is 38.18, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 16.37.

Price to Earnings Growth Ratio

Old Dominion Freight Line has a PEG Ratio of 4.43. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Old Dominion Freight Line has a P/B Ratio of 11.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.44% of the outstanding shares of Old Dominion Freight Line have been sold short.

Short Interest Ratio / Days to Cover

Old Dominion Freight Line has a short interest ratio ("days to cover") of 7.1.

Change versus previous month

Short interest in Old Dominion Freight Line has recently increased by 33.90%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Old Dominion Freight Line has a dividend yield of 0.49%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Old Dominion Freight Line does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Old Dominion Freight Line is 18.18%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Old Dominion Freight Line will have a dividend payout ratio of 17.51% next year. This indicates that Old Dominion Freight Line will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -5.90

Percentage of Shares Shorted

4.44% of the outstanding shares of Old Dominion Freight Line have been sold short.

Short Interest Ratio / Days to Cover

Old Dominion Freight Line has a short interest ratio ("days to cover") of 7.1.

Change versus previous month

Short interest in Old Dominion Freight Line has recently increased by 33.90%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 0.75

News Sentiment

Old Dominion Freight Line has a news sentiment score of 0.75. 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 0.60 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 30 news articles for Old Dominion Freight Line this week, compared to 13 articles on an average week.

Search Interest

3 people have searched for ODFL on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

28 people have added Old Dominion Freight Line to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $10,062,478.00 in company stock.

Percentage Held by Insiders

Only 9.90% of the stock of Old Dominion Freight Line is held by insiders.

Percentage Held by Institutions

77.82% 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.

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 7.8% and is now trading at $218.39.
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) released its earnings results on Wednesday, October, 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. Old Dominion Freight Line's revenue was down 3.0% on a year-over-year basis.
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 minted shares were distributed 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 of Directors initiated a stock buyback plan on Wednesday, July 26th 2023, which permits the company to repurchase $3,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Who are Old Dominion Freight Line's major shareholders?

Top institutional shareholders of Old Dominion Freight Line include State Street Corp (3.58%), Geode Capital Management LLC (2.26%), FMR LLC (1.29%) and Wellington Management Group LLP (0.67%). Insiders that own company stock include David S Congdon, Greg C Gantt, David J Bates, John D Kasarda, Bradley R Gabosch, Leo H Suggs, Thomas A Stith III and Steven W Hartsell.
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 Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), NVIDIA (NVDA), The RMR Group (RMR) and TotalEnergies (TTE).

Company Calendar

• Ex-Dividend for 9/18 Dividend: 9/04/2024
• Dividend Payable: 9/18/2024
• Last Earnings: 10/23/2024
• Today: 11/21/2024
• Ex-Dividend for 12/18 Dividend: 12/04/2024
• Dividend Payable: 12/18/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Trucking, except local
• Sub-Industry: Trucking
• Current Symbol: NASDAQ:ODFL
• CUSIP: 67958010
• CIK: 878927
• Web: www.odfl.com
• Phone: (336) 889-5000
• Fax: 336-822-5239
• Employees: 22,902
• Year Founded: 1934

Price Target and Rating

• Average Stock Price Target: $200.00
• High Stock Price Target: $241.00
• Low Stock Price Target: $160.00
• Potential Upside/Downside: -8.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.24
• Research Coverage: 21 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.72
• Trailing P/E Ratio: 38.18
• Forward P/E Ratio: 40.22
• P/E Growth: 4.43
• Net Income: $1.24 billion
• Net Margins: 21.03%
• Pretax Margin: 27.81%
• Return on Equity: 29.40%
• Return on Assets: 22.72%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 1.33
• Quick Ratio: 1.33

Sales & Book Value

• Annual Sales: $5.87 billion
• Price / Sales: 7.95
• Cash Flow: $7.40 per share
• Price / Cash Flow: 29.51
• Book Value: $19.56 per share
• Price / Book: 11.17

Miscellaneous

• Outstanding Shares: 213,500,000
• Free Float: 192,362,000
• Market Cap: $46.63 billion
• Optionable: Optionable
• Beta: 0.99