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. Since then, ODFL shares have decreased by 5.8% and is now trading at $169.63. View which stocks have been most impacted by Coronavirus.

13 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, 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Old Dominion Freight Line.

Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Old Dominion Freight Line.

Old Dominion Freight Line (NASDAQ:ODFL) announced its quarterly earnings results on Thursday, April, 23rd. The transportation company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.12 by $0.01. The transportation company had revenue of $987.36 million for the quarter, compared to the consensus estimate of $982.15 million. Old Dominion Freight Line had a net margin of 14.99% and a return on equity of 20.85%. The firm's quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm posted $1.64 EPS. View Old Dominion Freight Line's earnings history.

Old Dominion Freight Line announced a quarterly dividend on Thursday, May 21st. Investors of record on Wednesday, June 3rd will be given a dividend of $0.15 per share on Wednesday, June 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Tuesday, June 2nd. View Old Dominion Freight Line's dividend history.

Old Dominion Freight Line shares split on the morning of Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly created 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 declared that its board has initiated a share repurchase program on Thursday, May 16th 2019, which allows the company to repurchase $350,000,000.00 in outstanding 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 usually an indication that the company's leadership believes its stock is undervalued.

13 brokers have issued 12-month price targets for Old Dominion Freight Line's stock. Their forecasts range from $100.67 to $190.00. On average, they expect Old Dominion Freight Line's stock price to reach $133.23 in the next twelve months. This suggests that the stock has a possible downside of 21.5%. View analysts' price targets for Old Dominion Freight Line.

News articles about ODFL stock have trended positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Old Dominion Freight Line earned a coverage optimism score of 2.4 on InfoTrie's scale. They also assigned media coverage about the transportation company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutOld Dominion Freight Line.

Some companies that are related to Old Dominion Freight Line include 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). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Old Dominion Freight Line investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Walt Disney (DIS), Mastercard (MA), Paypal (PYPL), Home Depot (HD), Intel (INTC), Starbucks (SBUX) and Visa (V).

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

Old Dominion Freight Line's stock is owned by many different institutional and retail investors. Top institutional investors include Capital Research Global Investors (9.12%), BlackRock Inc. (5.48%), State Street Corp (3.38%), Capital International Investors (2.89%), Invesco Ltd. (1.56%) and Alpha Omega Wealth Management LLC (1.53%). 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 Capital International Investors, Janus Henderson Group PLC, Massachusetts Financial Services Co. MA, AGF Investments Inc., Paloma Partners Management Co, Deutsche Bank AG, Squarepoint Ops LLC, and Jupiter Asset Management Ltd.. 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 activity for Old Dominion Freight Line.

ODFL stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, BlackRock Inc., State Street Corp, Alpha Omega Wealth Management LLC, Geode Capital Management LLC, JPMorgan Chase & Co., Invesco Ltd., and Luminus Management LLC. 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 $169.63.

Old Dominion Freight Line has a market capitalization of $20.01 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]