NASDAQ:ODFLOld Dominion Freight Line Stock Price, Forecast & News

Old Dominion Freight Line's stock was trading at $180.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ODFL shares have decreased by 4.3% and is now trading at $172.32. View which stocks have been most impacted by Coronavirus.

13 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, 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Old Dominion Freight Line.

Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Old Dominion Freight Line.

Old Dominion Freight Line (NASDAQ:ODFL) issued its quarterly earnings results on Thursday, April, 23rd. The transportation company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by $0.01. The transportation company earned $987.36 million during the quarter, compared to the consensus estimate of $982.15 million. Old Dominion Freight Line had a net margin of 14.99% and a return on equity of 20.85%. The firm's quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm posted $1.64 earnings per share. View Old Dominion Freight Line's earnings history.

Old Dominion Freight Line announced a quarterly dividend on Thursday, May 21st. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.15 per share on Wednesday, June 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Tuesday, June 2nd. View Old Dominion Freight Line's dividend history.

Old Dominion Freight Line shares split before market open on Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly issued shares were distributed to shareholders after the market closes 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.

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

13 Wall Street analysts have issued 1-year price objectives for Old Dominion Freight Line's shares. Their forecasts range from $100.67 to $190.00. On average, they anticipate Old Dominion Freight Line's share price to reach $133.23 in the next year. This suggests that the stock has a possible downside of 22.7%. View analysts' price targets for Old Dominion Freight Line.

Media coverage about ODFL stock has trended very negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. 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 news impact score of -3.3 on InfoTrie's scale. They also assigned news articles about the transportation company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Old Dominion Freight Line.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Old Dominion Freight Line investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Walt Disney (DIS), Mastercard (MA), Paypal (PYPL), Home Depot (HD), Intel (INTC), Starbucks (SBUX) and Visa (V).

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

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 $172.32.

Old Dominion Freight Line has a market capitalization of $20.33 billion and generates $4.11 billion in revenue each year. The transportation company earns $615.52 million in net income (profit) each year or $5.11 on an earnings per share basis. Old Dominion Freight Line employs 20,105 workers across the globe.

The official website for Old Dominion Freight Line is 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 or via email at [email protected]