NASDAQ:ODFL Old Dominion Freight Line (ODFL) Stock Price, News & Analysis $405.33 -5.73 (-1.39%) (As of 12/29/2023 ET) Add Compare Share Share Today's Range$403.62▼$413.1050-Day Range$368.46▼$416.0052-Week Range$279.99▼$438.05Volume387,501 shsAverage Volume735,456 shsMarket Capitalization$44.23 billionP/E Ratio36.06Dividend Yield0.39%Price Target$394.95 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Old Dominion Freight Line MarketRank™ Stock AnalysisAnalyst RatingHold2.26 Rating ScoreUpside/Downside2.6% Downside$394.95 Price TargetShort InterestHealthy2.19% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-5.90Upright™ Environmental ScoreNews Sentiment0.24Based on 11 Articles This WeekInsider TradingSelling Shares$14.10 M Sold Last QuarterProj. Earnings Growth17.53%From $11.18 to $13.14 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.2.43 out of 5 starsTransportation Sector35th out of 115 stocksTrucking, Except Local Industry6th out of 13 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 2.26, and is based on 7 buy ratings, 10 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $394.95, Old Dominion Freight Line has a forecasted downside of 2.6% from its current price of $405.33.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 Shorted2.19% 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, 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 8.89%, 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 14.23%. 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 12.18% 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 2.9 News and Social Media Coverage News SentimentOld Dominion Freight Line has a news sentiment score of 0.24. 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 lower news sentiment than the 0.60 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Old Dominion Freight Line this week, compared to 10 articles on an average week.Search Interest9 people have searched for ODFL on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat Follows10 people have added Old Dominion Freight Line to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 3.3 Company Ownership 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 $14,095,019.00 in 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 Institutions72.14% 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 17.53% in the coming year, from $11.18 to $13.14 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Old Dominion Freight Line is 36.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.32.Price to Earnings Ratio vs. SectorThe P/E ratio of Old Dominion Freight Line is 36.06, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 13.90.Price to Earnings Growth RatioOld Dominion Freight Line has a PEG Ratio of 4.76. 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 12.26. 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 Stock (NASDAQ:ODFL)Old 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 Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ODFL Stock News HeadlinesDecember 31, 2023 | msn.comGaiter scores 16 as South Alabama knocks off Old Dominion 61-59December 30, 2023 | msn.comWilliams and Old Dominion host South AlabamaDecember 31, 2023 | Behind the Markets (Ad)FINAL OFFER: $9 for a FULL YEAR of stock picksWe're offering you the chance to subscribe to Behind the Markets for an ENTIRE YEAR for just $9. That's less than a cup of coffee! And what do you get for that $9?December 30, 2023 | msn.comSouth Alabama vs. Old Dominion - Women's College Basketball - How to WatchDecember 29, 2023 | msn.comWilliams leads Old Dominion against South Alabama after 22-point showingDecember 27, 2023 | finance.yahoo.comDo You Believe in the Long-Term Growth of Old Dominion Freight Line (ODFL)?December 27, 2023 | americanbankingnews.comOld Dominion Freight Line, Inc. (NASDAQ:ODFL) Receives Consensus Rating of "Hold" from AnalystsDecember 25, 2023 | sportsbookwire.usatoday.comSouth Alabama at Old Dominion odds, tips and betting trendsDecember 31, 2023 | Behind the Markets (Ad)FINAL OFFER: $9 for a FULL YEAR of stock picksWe're offering you the chance to subscribe to Behind the Markets for an ENTIRE YEAR for just $9. That's less than a cup of coffee! And what do you get for that $9?December 23, 2023 | sportsbookwire.usatoday.comOld Dominion at UMass odds, tips and betting trendsDecember 22, 2023 | msn.comTemple vs. Old Dominion - College Basketball - Predictions, Betting Lines, Odds and TrendsDecember 22, 2023 | sportsbookwire.usatoday.comTemple at Old Dominion odds, tips and betting trendsDecember 22, 2023 | finance.yahoo.comZacks Industry Outlook Highlights Old Dominion Freight Line, Knight-Swift Transportation and ArcBestDecember 22, 2023 | msn.comOld Dominion men’s basketball coach Jeff Jones hospitalized after heart attack in HawaiiDecember 22, 2023 | msn.comOld Dominion vs. TCU odds, spread, time: 2023 college basketball picks, Dec. 21 best bets from proven modelDecember 21, 2023 | usatoday.comOld Dominion men's basketball coach Jeff Jones suffers heart attack during Hawaii tripDecember 21, 2023 | msn.comOld Dominion men's basketball coach Jeff Jones 'resting comfortably' after heart attackDecember 21, 2023 | msn.comChuck O’Bannon scores 25 in TCU’s 111-87 victory over Old Dominion in HawaiiDecember 21, 2023 | msn.comChuck O’Bannon Jr.‘s 25 points leads TCU’s offensive outpouring in win over Old DominionDecember 21, 2023 | ftw.usatoday.comTCU Horned Frogs vs. Old Dominion Monarchs live stream, TV channel, start time, oddsDecember 21, 2023 | gurufocus.comOld Dominion Freight Line Inc (ODFL)'s Winning Formula: Financial Metrics and Competitive StrengthsDecember 21, 2023 | msn.comOld Dominion takes on TCUDecember 20, 2023 | msn.comNo. 3 NC State recovers from slow start and blows out Old Dominion 87-50 for another 12-0 startDecember 20, 2023 | sports.yahoo.comOld Dominion, North Carolina State land top Delaware high school football signeesDecember 20, 2023 | msn.com5 Songs You Didn’t Know Old Dominion’s Trevor Rosen Wrote For Other ArtistsDecember 20, 2023 | msn.comNo. 3 NC State blows out Old Dominion 87-50 for another 12-0 startDecember 20, 2023 | finance.yahoo.comDow Jones Futures: Stocks Sell Off, Google, Tesla Give Up Buy Points; Micron Earnings StrongSee 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 Last Earnings10/25/2023Ex-Dividend for 12/20 Dividend12/05/2023Dividend Payable12/20/2023Today12/31/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/07/2024Get 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 Target$394.95 High Stock Price Target$473.00 Low Stock Price Target$297.00 Potential Upside/Downside-2.6%Consensus RatingHold Rating Score (0-4)2.26 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)$11.24 Trailing P/E Ratio36.06 Forward P/E Ratio36.25 P/E Growth4.76Net Income$1.38 billion Net Margins21.16% Pretax Margin28.22% Return on Equity32.45% Return on Assets24.72% Debt Debt-to-Equity Ratio0.01 Current Ratio1.73 Quick Ratio1.73 Sales & Book Value Annual Sales$5.86 billion Price / Sales7.54 Cash Flow$14.96 per share Price / Cash Flow27.09 Book Value$33.06 per share Price / Book12.26Miscellaneous Outstanding Shares109,114,000Free Float97,766,000Market Cap$44.23 billion OptionableOptionable Beta1.04 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. David S. Congdon (Age 66)Executive Chairman of the Board Comp: $5.51MMr. Kevin M. Freeman (Age 64)President & CEO Comp: $6.15MMr. Adam N. Satterfield (Age 48)Executive VP of Finance, CFO & Assistant Secretary Comp: $5.15MMr. Gregory B. Plemmons (Age 58)Executive VP & COO Comp: $3.84MMr. Earl E. Congdon (Age 92)Chairman Emeritus & Senior Advisor Comp: $3.8MMs. Kimberly S. Maready (Age 52)Principal Accounting Officer and VP of Accounting & Finance Mr. Ross H. Parr (Age 51)Senior VP of Legal Affairs, General Counsel & Secretary Sam FaucetteVice President of Safety & ComplianceMr. Steven W. Hartsell (Age 55)Senior Vice President of Sales Mr. Christopher Thomas Brooks (Age 52)Senior Vice President of Human Resources & Safety More ExecutivesKey CompetitorsJ.B. Hunt Transport ServicesNASDAQ:JBHTSaiaNASDAQ:SAIANorfolk SouthernNYSE:NSCRyanairNASDAQ:RYAAYFedExNYSE:FDXView All CompetitorsInsiders & InstitutionsPublic Employees Retirement System of OhioSold 4,732 shares on 12/19/2023Ownership: 0.047%Vanguard Group Inc.Sold 52,046 shares on 12/18/2023Ownership: 9.848%Headinvest LLCBought 75 shares on 12/11/2023Ownership: 0.000%Citigroup Inc.Bought 34,681 shares on 12/6/2023Ownership: 0.093%B. Riley Wealth Advisors Inc.Bought 167 shares on 12/1/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions ODFL Stock Analysis - Frequently Asked Questions Should I buy or sell Old Dominion Freight Line stock right now? 19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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? 19 brokerages have issued 12 month target prices for Old Dominion Freight Line's shares. Their ODFL share price targets range from $297.00 to $473.00. On average, they predict the company's stock price to reach $394.95 in the next year. This suggests that the stock has a possible downside of 2.6%. 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 at the beginning of 2023. Since then, ODFL stock has increased by 42.8% and is now trading at $405.33. 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, February 7th 2024. View our ODFL earnings forecast. How were Old Dominion Freight Line's earnings last quarter? Old Dominion Freight Line, Inc. (NASDAQ:ODFL) announced its quarterly earnings data on Wednesday, October, 25th. The transportation company reported $3.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $0.20. The transportation company earned $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 32.45% and a net margin of 21.16%. Old Dominion Freight Line's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.36 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, October 19th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.40 per share on Wednesday, December 20th. This represents a $1.60 annualized dividend and a yield of 0.39%. The ex-dividend date is Tuesday, December 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 $1.60 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 14.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 12.18% 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 ProShares Supply Chain Logistics ETF (SUPL), Profound Medical (PRN), iShares U.S. Transportation ETF (IYT), 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). When did Old Dominion Freight Line's stock split? Shares of Old Dominion Freight Line split on Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly issued shares were payable to shareholders after the market closes 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 declared that its board has authorized a share buyback program on Wednesday, July 26th 2023, which permits the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are usually 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). 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 12/31/2023 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. 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