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. It owns 9,288 tractors and 42 maintenance centers. As of August 3, 2021, it owned 248 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.
IPO Year: 1991
Exchange: NASDAQ
Website: odfl.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2024 | Buy → Hold | Argus | |
| 10/21/2024 | $209.00 → $197.00 | Buy → Hold | Stifel |
| 10/18/2024 | $214.00 → $210.00 | Outperform → Market Perform | BMO Capital Markets |
| 10/9/2024 | $206.00 | Neutral | Citigroup |
| 9/6/2024 | $214.00 → $209.00 | Hold | TD Cowen |
| 6/25/2024 | $225.00 → $196.00 | Outperform → In-line | Evercore ISI |
| 6/7/2024 | $175.00 | Underweight | Wells Fargo |
| 6/5/2024 | $210.00 | Outperform | BMO Capital Markets |
| 5/8/2024 | $205.00 | Neutral → Outperform | Robert W. Baird |
| 4/29/2024 | $175.00 | Sell → Hold | Vertical Research |
4 - OLD DOMINION FREIGHT LINE, INC. (0000878927) (Issuer)
4 - OLD DOMINION FREIGHT LINE, INC. (0000878927) (Issuer)
4 - OLD DOMINION FREIGHT LINE, INC. (0000878927) (Issuer)
4 - OLD DOMINION FREIGHT LINE, INC. (0000878927) (Issuer)
4 - OLD DOMINION FREIGHT LINE, INC. (0000878927) (Issuer)
4 - OLD DOMINION FREIGHT LINE, INC. (0000878927) (Issuer)
4 - OLD DOMINION FREIGHT LINE, INC. (0000878927) (Issuer)
4 - OLD DOMINION FREIGHT LINE, INC. (0000878927) (Issuer)
4 - OLD DOMINION FREIGHT LINE, INC. (0000878927) (Issuer)
3 - OLD DOMINION FREIGHT LINE, INC. (0000878927) (Issuer)
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced a general rate increase (GRI) of 4.9 percent applicable to rates established under the existing ODFL 559, 670, and 550 tariffs, effective December 2, 2024. Todd A. Polen, Old Dominion Freight Line's Vice President – Pricing Services, commented, "The general rate increase is based on the Company's economic forecast and expectations for the operating environment. We must continue enhancing our high-quality service network and systems to meet and exceed our customers' expectations and deliver on our promises. At Old Dominion, we are committed to delivering our premium value proposition of on-time, claims-free service at a fair pri
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced financial results for the three-month and nine-month periods ended September 30, 2024. All prior-period share and per share data in this release have been adjusted to reflect the Company's March 2024 two-for-one stock split. Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share amounts) 2024 2023 % Chg. 2024 2023 % Chg. Total revenue $ 1,470,211 $ 1,515,277 (3.0 )% $ 4,428,981 $ 4,37
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share of common stock, payable on December 18, 2024, to shareholders of record at the close of business on December 4, 2024. After giving effect to the Company's March 2024 two-for-one stock split, this dividend payment represents a 30% increase to the quarterly cash dividend paid in December 2023. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution the reader that such forward-looking statements involve risks and uncertainties that could c
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) announced today that it plans to release its third quarter 2024 financial results before opening of trading on Wednesday, October 23, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, October 23, 2024. An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on Wednesday, October 23, 2024, at 10:00 a.m. (Eastern Time). The online replay will be available at approximately 1:00 p.m. (Eastern Time) and continue for 30 days. A telephonic replay of the call can be accessed starting at 1:00 p.m. (Eastern Time) and
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today reported certain less-than-truckload ("LTL") operating metrics for August 2024. Revenue per day decreased 5.2% as compared to August 2023 due to a 6.1% decrease in LTL tons per day that was partially offset by an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 5.0% decrease in LTL shipments per day and a 1.1% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 3.0% and 4.9%, respectively, as compared to the same period last year. Marty Freeman, President and Chief Executive
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced financial results for the three-month and six-month periods ended June 30, 2024. All prior-period share and per share data in this release have been adjusted to reflect the Company's March 2024 two-for-one stock split. Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share amounts) 2024 2023 % Chg. 2024 2023 % Chg. Total revenue $ 1,498,697 $ 1,413,189
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share of common stock, payable on September 18, 2024, to shareholders of record at the close of business on September 4, 2024. After giving effect to the Company's March 2024 two-for-one stock split, this dividend payment represents a 30% increase to the quarterly cash dividend paid in September 2023. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution the reader that such forward-looking statements involve risks and uncertainties that cou
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced the release of its 2023 Environmental, Social and Governance (ESG) Data Supplement. The 2023 ESG Data Supplement disclosures have been informed by the Sustainability Accounting Standards Board (SASB) Road Transportation Sustainability Accounting Standard and Global Reporting Initiative (GRI) Standards. The ESG Data Supplement is available under the Corporate Responsibility section of the Company's investor website at ir.odfl.com. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution the reader that such forward-looking
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) announced today that it plans to release its second quarter 2024 financial results before opening of trading on Wednesday, July 24, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, July 24, 2024. An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on Wednesday, July 24, 2024, at 10:00 a.m. (Eastern Time). The online replay will be available at approximately 1:00 p.m. (Eastern Time) and continue for 30 days. A telephonic replay of the call can be accessed starting at 1:00 p.m. (Eastern Time) and will be
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today reported certain less-than-truckload ("LTL") operating metrics for May 2024. Revenue per day increased 5.6% as compared to May 2023 due to a 1.5% increase in LTL tons per day and an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 2.3% increase in LTL shipments per day that was partially offset by a 0.7% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 4.2% and 4.7%, respectively, as compared to the same period last year. Marty Freeman, President and Chief Executive Offic
Argus downgraded Old Dominion from Buy to Hold
Stifel downgraded Old Dominion from Buy to Hold and set a new price target of $197.00 from $209.00 previously
BMO Capital Markets downgraded Old Dominion from Outperform to Market Perform and set a new price target of $210.00 from $214.00 previously
Citigroup initiated coverage of Old Dominion with a rating of Neutral and set a new price target of $206.00
TD Cowen reiterated coverage of Old Dominion with a rating of Hold and set a new price target of $209.00 from $214.00 previously
Evercore ISI downgraded Old Dominion from Outperform to In-line and set a new price target of $196.00 from $225.00 previously
Wells Fargo initiated coverage of Old Dominion with a rating of Underweight and set a new price target of $175.00
BMO Capital Markets initiated coverage of Old Dominion with a rating of Outperform and set a new price target of $210.00
Robert W. Baird upgraded Old Dominion from Neutral to Outperform and set a new price target of $205.00
Vertical Research upgraded Old Dominion from Sell to Hold and set a new price target of $175.00
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced financial results for the three-month and nine-month periods ended September 30, 2024. All prior-period share and per share data in this release have been adjusted to reflect the Company's March 2024 two-for-one stock split. Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share amounts) 2024 2023 % Chg. 2024 2023 % Chg. Total revenue $ 1,470,211 $ 1,515,277 (3.0 )% $ 4,428,981 $ 4,37
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share of common stock, payable on December 18, 2024, to shareholders of record at the close of business on December 4, 2024. After giving effect to the Company's March 2024 two-for-one stock split, this dividend payment represents a 30% increase to the quarterly cash dividend paid in December 2023. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution the reader that such forward-looking statements involve risks and uncertainties that could c
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) announced today that it plans to release its third quarter 2024 financial results before opening of trading on Wednesday, October 23, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, October 23, 2024. An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on Wednesday, October 23, 2024, at 10:00 a.m. (Eastern Time). The online replay will be available at approximately 1:00 p.m. (Eastern Time) and continue for 30 days. A telephonic replay of the call can be accessed starting at 1:00 p.m. (Eastern Time) and
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today reported certain less-than-truckload ("LTL") operating metrics for August 2024. Revenue per day decreased 5.2% as compared to August 2023 due to a 6.1% decrease in LTL tons per day that was partially offset by an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 5.0% decrease in LTL shipments per day and a 1.1% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 3.0% and 4.9%, respectively, as compared to the same period last year. Marty Freeman, President and Chief Executive
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced financial results for the three-month and six-month periods ended June 30, 2024. All prior-period share and per share data in this release have been adjusted to reflect the Company's March 2024 two-for-one stock split. Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share amounts) 2024 2023 % Chg. 2024 2023 % Chg. Total revenue $ 1,498,697 $ 1,413,189
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share of common stock, payable on September 18, 2024, to shareholders of record at the close of business on September 4, 2024. After giving effect to the Company's March 2024 two-for-one stock split, this dividend payment represents a 30% increase to the quarterly cash dividend paid in September 2023. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution the reader that such forward-looking statements involve risks and uncertainties that cou
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced the release of its 2023 Environmental, Social and Governance (ESG) Data Supplement. The 2023 ESG Data Supplement disclosures have been informed by the Sustainability Accounting Standards Board (SASB) Road Transportation Sustainability Accounting Standard and Global Reporting Initiative (GRI) Standards. The ESG Data Supplement is available under the Corporate Responsibility section of the Company's investor website at ir.odfl.com. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution the reader that such forward-looking
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) announced today that it plans to release its second quarter 2024 financial results before opening of trading on Wednesday, July 24, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, July 24, 2024. An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on Wednesday, July 24, 2024, at 10:00 a.m. (Eastern Time). The online replay will be available at approximately 1:00 p.m. (Eastern Time) and continue for 30 days. A telephonic replay of the call can be accessed starting at 1:00 p.m. (Eastern Time) and will be
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today reported certain less-than-truckload ("LTL") operating metrics for May 2024. Revenue per day increased 5.6% as compared to May 2023 due to a 1.5% increase in LTL tons per day and an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 2.3% increase in LTL shipments per day that was partially offset by a 0.7% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 4.2% and 4.7%, respectively, as compared to the same period last year. Marty Freeman, President and Chief Executive Offic
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share of common stock, payable on June 19, 2024, to shareholders of record at the close of business on June 5, 2024. After giving effect to the Company's March 2024 two-for-one stock split, this dividend payment represents a 30% increase to the quarterly cash dividend paid in June 2023. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution the reader that such forward-looking statements involve risks and uncertainties that could cause actual
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JP Morgan analyst Brian Ossenbeck maintains Old Dominion Freight Line (NASDAQ:ODFL) with a Neutral and raises the price target from $176 to $193.
Baird analyst Garrett Holland maintains Old Dominion Freight Line (NASDAQ:ODFL) with a Outperform and raises the price target from $205 to $215.
Wall Street experienced a turbulent session on Wednesday, with the S&P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions. The Magnificent Seven group — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp., Alphabet Inc., Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Tesla, Inc. — wiped out over $570 billion in their combined market valuation by midday trading in New York. The Roundhill Magnificent Seven ETF (NYSE:MAGS) fell 4.9%, marking the worst daily performance since the fund’s inception last year. Tesla shares plummeted over 11% after missing earnings exp
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares are trading higher following a second-quarter 2024 results. The company reported a revenue increase of 6.1% year over year to $1.498 billion, in line with the consensus of $1.499 billion. EPS was $1.48, above the consensus of $1.46. The revenue increase is primarily due to a 4.4% increase in LTL revenue per hundredweight and a 1.9% increase in LTL tons per day. The increase in LTL tons per day was driven by a 3.1% rise in shipments per day, partially offset by a 1.2% decrease in weight per shipment. Revenue in the other services segment decreased by 10.7% year-over-year to $13.73 million for the quarter. Marty Freeman, Presi
Wall Street is gearing up for a negative start on Thursday, as traders mull over earnings from Tesla, Inc. (NASDAQ:TSLA) and Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), which incidentally haven’t been received well by the Street. While Tesla’s earnings were dismissed as of low quality, investors worried about Alphabet’s massive capex boost as it eyes supremacy in the AI market. The market may also focus on private sector activity readings due shortly after the market opens. “Mega tech has an unprecedented influence on market moves and overall earnings,” fund manager Louis Navellier said in a note. Traders may choose to remain on the sidelines until they get more clarity on the earnings f
Old Dominion Freight Line (NASDAQ:ODFL) reported quarterly earnings of $1.48 per share which beat the analyst consensus estimate of $1.46 by 1.37 percent. This is a 11.28 percent increase over earnings of $1.33 per share from the same period last year. The company reported quarterly sales of $1.498 billion which missed the analyst consensus estimate of $1.499 billion by 0.08 percent. This is a 6.02 percent increase over sales of $1.413 billion the same period last year.
B of A Securities analyst Ken Hoexter maintains Old Dominion Freight Line (NASDAQ:ODFL) with a Neutral and raises the price target from $192 to $203.
About 14% of the S&P 500 companies have reported their June quarter earnings and the blended earnings growth rate for the companies constituting the broader index remains healthy. The coming week will see the official start of the tech reporting season, which could potentially decide the fate of the market, which has seen a steep pullback in the recent week. The Week That Was: The tech earnings season had a modest start last week with the earnings report from chip-equipment maker ASML Holding N.V. (NASDAQ:ASML). The stock slumped about 16%, dragged by its weak third-quarter outlook and geopolitical concerns surrounding the China chip ban. Netflix, Inc.’s (NASDAQ:NFLX) guidance disappointe
Morgan Stanley analyst Ravi Shanker maintains Old Dominion Freight Line (NASDAQ:ODFL) with a Equal-Weight and lowers the price target from $174 to $168.