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, February 6th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.23 per share on Wednesday, March 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.17. 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 will be 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 approved a share buyback plan 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 plans are usually an indication that the company's board of directors believes its shares are undervalued.

Old Dominion Freight Line (NASDAQ:ODFL) announced its earnings results on Thursday, February, 6th. The transportation company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.78 by $0.02. The transportation company earned $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Old Dominion Freight Line had a net margin of 14.98% and a return on equity of 21.30%. The business's revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $1.95 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, April 23rd 2020. View Earnings Estimates for Old Dominion Freight Line.

12 brokerages have issued 1-year price targets for Old Dominion Freight Line's shares. Their forecasts range from $151.00 to $245.00. On average, they anticipate Old Dominion Freight Line's share price to reach $184.91 in the next twelve months. This suggests that the stock has a possible downside of 10.4%. 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 3 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Old Dominion Freight Line.

News articles about ODFL stock have trended extremely negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Old Dominion Freight Line earned a daily sentiment score of -5.0 on InfoTrie's scale. They also gave press coverage about the transportation company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company'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), Avis Budget Group (CAR), Saia (SAIA), Werner Enterprises (WERN), Ryder System (R), Hertz Global (HTZ), Heartland Express (HTLD), Marten Transport (MRTN), FRP (FRPH) and Roadrunner Transportation Systems (RRTS).

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), Alibaba Group (BABA), Intel (INTC), Delta Air Lines (DAL), Mastercard (MA), XPO Logistics (XPO), Paypal (PYPL) and Boeing (BA).

Old Dominion Freight Line's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Capital Research Global Investors (9.14%), Capital International Investors (5.49%), Kayne Anderson Rudnick Investment Management LLC (4.73%), State Street Corp (3.36%), Alpha Omega Wealth Management LLC (1.54%) and Geode Capital Management LLC (1.30%). 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 Janus Henderson Group PLC, Bank of New York Mellon Corp, Principal Financial Group Inc., American International Group Inc., Retirement Systems of Alabama, Rhumbline Advisers, Franklin Resources Inc. and Mutual of America Capital Management LLC. 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 purchased by a variety of institutional investors in the last quarter, including State Street Corp, Geode Capital Management LLC, CIBC Private Wealth Group LLC, National Pension Service, Charles Schwab Investment Management Inc., Capital Research Global Investors, Goldman Sachs Group Inc. and Marshall Wace LLP. 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 $206.28.

Old Dominion Freight Line has a market capitalization of $16.47 billion and generates $4.11 billion in revenue each year. The transportation company earns $615.52 million in net income (profit) each year or $7.66 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.