Old Dominion Freight Line - ODFL Stock Forecast, Price & News

15 Wall Street 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 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Old Dominion Freight Line stock. 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.
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15 brokers have issued 1 year target prices for Old Dominion Freight Line's shares. Their ODFL stock forecasts range from $232.00 to $385.00. On average, they expect Old Dominion Freight Line's share price to reach $295.80 in the next year. This suggests that the stock has a possible downside of 2.4%.
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Old Dominion Freight Line's stock was trading at $358.38 at the beginning of the year. Since then, ODFL stock has decreased by 15.4% and is now trading at $303.17.
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Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Old Dominion Freight Line, Inc. (NASDAQ:ODFL) posted its quarterly earnings data on Wednesday, July, 27th. The transportation company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.21. The transportation company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.66 billion. Old Dominion Freight Line had a net margin of 20.77% and a trailing twelve-month return on equity of 35.07%. Old Dominion Freight Line's quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.31 EPS.
Read Old Dominion Freight Line's conference call transcript.

Old Dominion Freight Line declared a quarterly dividend on Friday, July 22nd. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.30 per share on Wednesday, September 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Tuesday, September 6th.
View Old Dominion Freight Line's dividend history.

Old Dominion Freight Line(NASDAQ:ODFL) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.40%. Old Dominion Freight Line has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Old Dominion Freight Line is 11.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Old Dominion Freight Line will have a dividend payout ratio of 9.96% next year. This indicates that Old Dominion Freight Line will be able to sustain or increase its dividend.
View Old Dominion Freight Line's dividend history.

Shares of Old Dominion Freight Line 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 payable to shareholders after the closing bell on Monday, March 23rd 2020. An investor that had 100 shares of Old Dominion Freight Line stock prior to the split would have 150 shares after the split.

310 employees have rated Old Dominion Freight Line CEO David S. Congdon on Glassdoor.com. David S. Congdon has an approval rating of 83% among Old Dominion Freight Line's employees.

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Old Dominion Freight Line trades on the NASDAQ under the ticker symbol "ODFL."

Old Dominion Freight Line's stock is owned by a number of retail and institutional investors. Top institutional investors include CIBC Private Wealth Group LLC (1.22%), Los Angeles Capital Management LLC (0.43%), KBC Group NV (0.34%), Pensioenfonds Rail & OV (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.25%) and Canal Capital Management LLC (0.25%). Company insiders that own Old Dominion Freight Line stock include David J Bates, David S Congdon, Earl E Congdon and Leo H Suggs.
View institutional ownership trends for 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.
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One share of ODFL stock can currently be purchased for approximately $303.17.

Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $33.89 billion and generates $5.26 billion in revenue each year. The transportation company earns $1.03 billion in net income (profit) each year or $10.78 on an earnings per share basis.

Old Dominion Freight Line employs 23,663 workers across the globe.

Old Dominion Freight Line was founded in 1934.

Old Dominion Freight Line's mailing address is 500 OLD DOMINION WAY, THOMASVILLE NC, 27360. The official website for Old Dominion Freight Line 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.