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

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. Shareholders 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 annualized dividend and a yield of 0.36%. The ex-dividend date is Tuesday, December 3rd. View Old Dominion Freight Line's Dividend History.

Old Dominion Freight Line declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 16th 2019, which permits the company to buyback $350,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Old Dominion Freight Line (NASDAQ:ODFL) issued its earnings results on Thursday, October, 24th. The transportation company reported $2.05 EPS for the quarter, missing the Zacks' consensus estimate of $2.11 by $0.06. The transportation company earned $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. Old Dominion Freight Line had a return on equity of 22.62% and a net margin of 15.29%. Old Dominion Freight Line's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.12 EPS. 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.

13 brokers have issued 1-year price objectives for Old Dominion Freight Line's shares. Their forecasts range from $142.00 to $205.00. On average, they anticipate Old Dominion Freight Line's share price to reach $169.33 in the next year. This suggests that the stock has a possible downside of 9.2%. View Analyst Price Targets for Old Dominion Freight Line.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 3 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.

Headlines about ODFL stock have trended negative this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Old Dominion Freight Line earned a coverage optimism score of -2.8 on InfoTrie's scale. They also gave news headlines about the transportation company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. 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) and Roadrunner Transportation Systems (RRTS).

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), Mastercard (MA), Alibaba Group (BABA), XPO Logistics (XPO), Intel (INTC), Paypal (PYPL), Baidu (BIDU) and Starbucks (SBUX).

Old Dominion Freight Line's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (2.74%), SPF Beheer BV (0.67%), Massachusetts Financial Services Co. MA (0.46%), Voya Investment Management LLC (0.45%), CIBC Private Wealth Group LLC (0.43%) and Eagle Asset Management Inc. (0.43%). 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 Millennium Management LLC, State Street Corp, 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. and Public Employees Retirement Association of Colorado. 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, Voya Investment Management LLC, CIBC Private Wealth Group LLC, Eventide Asset Management LLC, Scout Investments Inc., Carillon Tower Advisers Inc., Voloridge Investment Management LLC and First Trust Advisors LP. 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 $186.41.

Old Dominion Freight Line has a market capitalization of $14.88 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.