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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ODFL shares have increased by 4.4% and is now trading at $187.95.
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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) posted 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 had revenue of $896.21 million for 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%. Old Dominion Freight Line's revenue was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Investors of record on Wednesday, September 2nd will be given a dividend of $0.15 per share on Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date 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 issued shares were payable 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 has approved a stock buyback program on Thursday, May 16th 2019, which permits the company to repurchase $350,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

11 Wall Street analysts have issued 12-month price objectives 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 17.3%.
View analysts' price targets for Old Dominion Freight Line.

Press coverage about ODFL stock has trended neutral on Tuesday, according to InfoTrie. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Old Dominion Freight Line earned a coverage optimism score of 0.2 on InfoTrie's scale. They also gave press coverage about the transportation company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about Old Dominion Freight Line.

Old Dominion Freight Line saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 2,950,000 shares, a drop of 13.7% from the January 31st total of 3,420,000 shares. Based on an average trading volume of 729,800 shares, the short-interest ratio is currently 4.0 days. Currently, 4.1% of the company's shares are sold short.
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), Avis Budget Group (CAR), Ryder System (R), 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 number of retail and institutional investors. Top institutional investors include Alpha Omega Wealth Management LLC (1.55%), Victory Capital Management Inc. (0.57%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Swiss National Bank (0.32%), Royal London Asset Management Ltd. (0.30%) and New York State Common Retirement Fund (0.22%). 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 Sumitomo Mitsui Trust Holdings Inc., Gateway Investment Advisers LLC, Raymond James & Associates, Roosevelt Investment Group Inc., Dupont Capital Management Corp, First Trust Advisors LP, SG Americas Securities LLC, and Gillespie Robinson & Grimm Inc.. 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 bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., New York State Teachers Retirement System, Mn Services Vermogensbeheer B.V., Mackay Shields LLC, State of Alaska Department of Revenue, Robeco Institutional Asset Management B.V., Candriam Luxembourg S.C.A., and Financial Counselors Inc..
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 $187.95.

Old Dominion Freight Line has a market capitalization of $22.05 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]