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 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 annualized dividend and a dividend yield of 0.37%. 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 has authorized a stock repurchase program on Thursday, May 16th 2019, which authorizes the company to repurchase $350,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

Old Dominion Freight Line (NASDAQ:ODFL) announced its quarterly earnings data 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 earned $1.05 billion during 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%. Old Dominion Freight Line's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm 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.

13 brokerages have issued 1-year price targets 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 stock price to reach $169.33 in the next twelve months. This suggests that the stock has a possible downside of 8.1%. 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.

Press coverage about ODFL stock has trended extremely positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Old Dominion Freight Line earned a media sentiment score of 5.0 on InfoTrie's scale. They also assigned news articles 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 next few 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), XPO Logistics (XPO), Alibaba Group (BABA), Intel (INTC), Paypal (PYPL), Baidu (BIDU) and Starbucks (SBUX).

Old Dominion Freight Line's stock is owned by many different 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 acquired 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 $184.31.

Old Dominion Freight Line has a market capitalization of $14.71 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.