Old Dominion Freight Line Stock Price, Forecast & Analysis (NASDAQ:ODFL)

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

Old Dominion Freight Line declared a quarterly dividend on Thursday, October 17th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.17 per share on Wednesday, December 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Tuesday, December 3rd. View Old Dominion Freight Line's Dividend History.

Old Dominion Freight Line declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 16th 2019, which authorizes the company to repurchase $350,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Old Dominion Freight Line (NASDAQ:ODFL) posted its quarterly earnings results on Thursday, October, 24th. The transportation company reported $2.05 earnings per share for the quarter, missing analysts' consensus estimates of $2.11 by $0.06. The transportation company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. Old Dominion Freight Line had a net margin of 15.29% and a return on equity of 22.62%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $2.12 earnings per share. View Old Dominion Freight Line's Earnings History.

Old Dominion Freight Line is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Old Dominion Freight Line.

12 analysts have issued 1 year target prices for Old Dominion Freight Line's shares. Their forecasts range from $142.00 to $205.00. On average, they expect Old Dominion Freight Line's share price to reach $173.09 in the next twelve months. This suggests that the stock has a possible downside of 9.4%. View Analyst Price Targets for Old Dominion Freight Line.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 2 sell ratings, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Old Dominion Freight Line.

News stories about ODFL stock have trended very negative on Wednesday, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Old Dominion Freight Line earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news coverage about the transportation company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for Old Dominion Freight Line.

Some companies that are related to Old Dominion Freight Line include J B Hunt Transport Services (JBHT), AMERCO (UHAL), Knight-Swift Transportation (KNX), Landstar System (LSTR), Ryder System (R), Werner Enterprises (WERN), Saia (SAIA), Avis Budget Group (CAR), Hertz Global (HTZ), Heartland Express (HTLD), Marten Transport (MRTN), FRP (FRPH), Roadrunner Transportation Systems (RRTS), Con-way (CNW) and Quality Distribution (QLTY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Old Dominion Freight Line investors own include NVIDIA (NVDA), Netflix (NFLX), Home Depot (HD), Paypal (PYPL), Mastercard (MA), XPO Logistics (XPO), Boeing (BA), Intel (INTC), Alibaba Group (BABA) and UnitedHealth Group (UNH).

Old Dominion Freight Line's stock is owned by many different of institutional and retail investors. Top institutional shareholders include SPF Beheer BV (0.67%), Massachusetts Financial Services Co. MA (0.46%), CIBC Private Wealth Group LLC (0.43%), Eagle Asset Management Inc. (0.43%), Carillon Tower Advisers Inc. (0.36%) and Sumitomo Mitsui Trust Holdings Inc. (0.30%). Company insiders that own Old Dominion Freight Line stock include David J Bates, David S Congdon, Earl E Congdon, Gregory B Plemmons and Leo H Suggs. View Institutional Ownership Trends for Old Dominion Freight Line.

ODFL stock was sold by a variety of institutional investors in the last quarter, including Gillespie Robinson & Grimm Inc., State of New Jersey Common Pension Fund D, Gateway Investment Advisers LLC, First Quadrant L P CA, Envestnet Asset Management Inc., Public Employees Retirement Association of Colorado, SPF Beheer BV and First Citizens Bank & Trust Co.. Company insiders that have sold Old Dominion Freight Line company stock in the last year include David J Bates, David S Congdon, Earl E Congdon and Gregory B Plemmons. View Insider Buying and Selling for Old Dominion Freight Line.

ODFL stock was purchased by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, CIBC Private Wealth Group LLC, Scout Investments Inc., Carillon Tower Advisers Inc., First Trust Advisors LP, California Public Employees Retirement System, Dupont Capital Management Corp and Chicago Equity Partners LLC. View Insider Buying and Selling for Old Dominion Freight Line.

Shares of ODFL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ODFL stock can currently be purchased for approximately $191.11.

Old Dominion Freight Line has a market capitalization of $15.25 billion and generates $4.04 billion in revenue each year. The transportation company earns $605.67 million in net income (profit) each year or $7.38 on an earnings per share basis. Old Dominion Freight Line employs 21,279 workers across the globe.View Additional Information About Old Dominion Freight Line.

The official website for Old Dominion Freight Line is http://www.odfl.com/.

Old Dominion Freight Line's mailing address is 500 OLD DOMINION WAY, THOMASVILLE NC, 27360. The transportation company can be reached via phone at 336-889-5000.