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 stock has increased by 6.4% and is now trading at $191.56.
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11 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, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Old Dominion Freight Line.

Old Dominion Freight Line (NASDAQ:ODFL) announced its earnings results on Thursday, July, 30th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.03 by $0.22. The transportation company earned $896.21 million during the quarter, compared to analysts' expectations of $899.18 million. Old Dominion Freight Line had a return on equity of 19.66% and a net margin of 14.95%. The business's revenue was down 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.16 earnings per share.
View Old Dominion Freight Line's earnings history.

Old Dominion Freight Line declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.15 per share on Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Tuesday, September 1st.
View Old Dominion Freight Line's dividend history.

Shares of Old Dominion Freight Line split on the morning of 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 declared that its board has approved a share buyback program 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 buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

11 brokerages have issued 1 year price targets for Old Dominion Freight Line's stock. Their forecasts range from $103.33 to $200.00. On average, they anticipate Old Dominion Freight Line's share price to reach $155.48 in the next twelve months. This suggests that the stock has a possible downside of 18.8%.
View analysts' price targets for Old Dominion Freight Line.

Media headlines about ODFL stock have trended positive on Saturday, according to InfoTrie. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Old Dominion Freight Line earned a news impact score of 2.4 on InfoTrie's scale. They also gave news stories about the transportation company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.
View the latest news about Old Dominion Freight Line.

Old Dominion Freight Line saw a increase in short interest in June. As of June 15th, there was short interest totaling 2,990,000 shares, an increase of 15.4% from the May 31st total of 2,590,000 shares. Based on an average daily volume of 915,200 shares, the days-to-cover ratio is presently 3.3 days.
View Old Dominion Freight Line's Short Interest.

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), Saia (SAIA), Werner Enterprises (WERN), Ryder System (R), Avis Budget Group (CAR), Heartland Express (HTLD), Marten Transport (MRTN), FRP (FRPH), Hertz Global (HTZ) and Roadrunner Transportation Systems (RRTS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Old Dominion Freight Line investors own include NVIDIA (NVDA), Home Depot (HD), Intel (INTC), Netflix (NFLX), Visa (V), Alibaba Group (BABA), Mastercard (MA), Paypal (PYPL), Cisco Systems (CSCO) and Walt Disney (DIS).

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.65%), Kayne Anderson Rudnick Investment Management LLC (3.56%), Alpha Omega Wealth Management LLC (1.55%), FMR LLC (1.21%), London Co. of Virginia (1.16%) and Bank of New York Mellon Corp (0.85%). Company insiders that own Old Dominion Freight Line stock include David J Bates, David S Congdon, Earl E Congdon and Gregory B Plemmons.
View institutional ownership trends for Old Dominion Freight Line.

ODFL stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Rudnick Investment Management LLC, CIBC Private Wealth Group LLC, Vanguard Group Inc., Sumitomo Mitsui Trust Holdings Inc., Gateway Investment Advisers LLC, Raymond James & Associates, Ensign Peak Advisors Inc, and State of Tennessee Treasury Department. Company insiders that have sold Old Dominion Freight Line company stock in the last year include David J Bates, David S Congdon, and Earl E Congdon.
View insider buying and selling activity for Old Dominion Freight Line.

ODFL stock was acquired by a variety of institutional investors in the last quarter, including Marshall Wace LLP, FMR LLC, Victory Capital Management Inc., London Co. of Virginia, Bank of New York Mellon Corp, New York State Teachers Retirement System, Goldman Sachs Group Inc., and Mn Services Vermogensbeheer B.V..
View insider buying and selling activity 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 $191.56.

Old Dominion Freight Line has a market capitalization of $22.48 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]