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 announced 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 announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 16th 2019, which permits the company to buyback $350,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

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

12 equities research analysts have issued 1 year price objectives for Old Dominion Freight Line's stock. Their forecasts range from $142.00 to $205.00. On average, they anticipate 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 9.1%. 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.

Media coverage about ODFL stock has trended negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Old Dominion Freight Line earned a daily sentiment score of -2.5 on InfoTrie's scale. They also gave news headlines about the transportation company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock'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) 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), Mastercard (MA), Paypal (PYPL), 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 acquired 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 $190.42.

Old Dominion Freight Line has a market capitalization of $15.20 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.