Old Dominion Freight Line Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 1 sell rating, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Old Dominion Freight Line stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ODFL, but not buy additional shares or sell existing shares.
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Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
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Old Dominion Freight Line, Inc. (NASDAQ:ODFL) released its earnings results on Thursday, April, 22nd. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.58 by $0.12. The transportation company earned $1.13 billion during the quarter, compared to analysts' expectations of $1.11 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 20.47% and a net margin of 15.87%. The firm's quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS.
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Old Dominion Freight Line's stock was trading at $180.00 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ODFL stock has increased by 46.7% and is now trading at $263.97.
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Old Dominion Freight Line announced a quarterly dividend on Thursday, February 4th. Shareholders of record on Wednesday, March 3rd will be given a dividend of $0.20 per share on Wednesday, March 17th. This represents a $0.80 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Tuesday, March 2nd. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.15.
View Old Dominion Freight Line's dividend history.

Old Dominion Freight Line pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.31%. Old Dominion Freight Line does not yet have a strock track record of dividend growth. The dividend payout ratio of Old Dominion Freight Line is 15.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Old Dominion Freight Line will have a dividend payout ratio of 11.64% next year. This indicates that Old Dominion Freight Line will be able to sustain or increase its dividend.
View Old Dominion Freight Line's dividend history.

Old Dominion Freight Line's stock split on Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly minted shares were issued to shareholders after the closing bell 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 has authorized a stock repurchase plan on Thursday, May 16th 2019, which authorizes the company to buyback $350,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

16 analysts have issued 1 year price targets for Old Dominion Freight Line's shares. Their forecasts range from $174.00 to $285.00. On average, they anticipate Old Dominion Freight Line's stock price to reach $230.75 in the next year. This suggests that the stock has a possible downside of 12.6%.
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310 employees have rated Old Dominion Freight Line CEO David S. Congdon on Glassdoor.com. David S. Congdon has an approval rating of 83% among Old Dominion Freight Line's employees.

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), Saia (SAIA), Avis Budget Group (CAR), Ryder System (R), Werner Enterprises (WERN), Heartland Express (HTLD), Marten Transport (MRTN) and FRP (FRPH).
View all of ODFL's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Old Dominion Freight Line investors own include NVIDIA (NVDA), The Walt Disney (DIS), Netflix (NFLX), The Home Depot (HD), PayPal (PYPL), Mastercard (MA), Intel (INTC), Johnson & Johnson (JNJ), Visa (V) and ServiceNow (NOW).

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

Old Dominion Freight Line's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.60%), JPMorgan Chase & Co. (1.57%), Geode Capital Management LLC (1.49%), Northern Trust Corp (0.99%), WCM Investment Management LLC (0.99%) and Bank of New York Mellon Corp (0.95%). 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.
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ODFL stock was sold by a variety of institutional investors in the last quarter, including Alpha Omega Wealth Management LLC, Victory Capital Management Inc., Wasatch Advisors Inc., Assenagon Asset Management S.A., UBS Group AG, Bank of New York Mellon Corp, Allianz Asset Management GmbH, and Alliancebernstein L.P..
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ODFL stock was purchased by a variety of institutional investors in the last quarter, including WCM Investment Management LLC, BlackRock Inc., The Manufacturers Life Insurance Company, Artisan Partners Limited Partnership, Quantum Capital Management LLC NJ, Envestnet Asset Management Inc., Lord Abbett & CO. LLC, and Los Angeles Capital Management LLC.
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Shares of ODFL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ODFL stock can currently be purchased for approximately $263.97.

Old Dominion Freight Line has a market capitalization of $30.61 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 19,779 workers across the globe.

Old Dominion Freight Line was founded in 1934.

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

Old Dominion Freight Line is headquartered at 500 OLD DOMINION WAY, THOMASVILLE NC, 27360.

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]