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 twelve months. There are currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Old Dominion Freight Line stock.
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Old Dominion Freight Line saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,240,000 shares, a drop of 23.0% from the June 15th total of 1,610,000 shares. Based on an average trading volume of 671,600 shares, the short-interest ratio is presently 1.8 days. Currently, 1.2% of the shares of the company are short sold.
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Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for Old Dominion Freight Line.

Old Dominion Freight Line will be holding an earnings conference call on Wednesday, July 28th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "10158075".

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) issued its quarterly earnings data on Thursday, April, 22nd. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the 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 net margin of 17.79% and a trailing twelve-month return on equity of 23.32%. Old Dominion Freight Line's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm 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 reached pandemic status according to the World Health Organization. Since then, ODFL shares have increased by 45.0% and is now trading at $261.08.
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Old Dominion Freight Line declared a quarterly dividend on Thursday, July 22nd. Investors of record on Wednesday, September 1st will be given a dividend of $0.20 per share on Wednesday, September 15th. This represents a $0.80 annualized dividend and a yield of 0.31%. The ex-dividend date is Tuesday, August 31st.
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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 strong track record of dividend growth. The dividend payout ratio of Old Dominion Freight Line is 14.08%. 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 8.92% 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 before market open on Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly issued 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.

16 brokers have issued 12 month target prices for Old Dominion Freight Line's shares. Their forecasts range from $174.00 to $298.00. On average, they anticipate Old Dominion Freight Line's share price to reach $244.88 in the next twelve months. This suggests that the stock has a possible downside of 6.2%.
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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), Avis Budget Group (CAR), Saia (SAIA), 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 number of retail and institutional investors. Top institutional investors include Oregon Public Employees Retirement Fund (0.03%), State of Alaska Department of Revenue (0.03%), Hedeker Wealth LLC (0.02%), IFM Investors Pty Ltd (0.01%), New Mexico Educational Retirement Board (0.01%) and Marshall Financial Group LLC (0.00%). 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 State of Alaska Department of Revenue, and Hedeker Wealth LLC.
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ODFL stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Marshall Financial Group LLC, IFM Investors Pty Ltd, Brookstone Capital Management, Raymond James Trust N.A., New Mexico Educational Retirement Board, and Stratos Wealth Partners LTD..
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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 $261.08.

Old Dominion Freight Line has a market capitalization of $30.27 billion and generates $4.02 billion in revenue each year. The transportation company earns $672.68 million in net income (profit) each year or $5.68 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]