Old Dominion Freight Line Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Old Dominion Freight Line stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ODFL, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Old Dominion Freight Line a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Old Dominion Freight Line wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Old Dominion Freight Line saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,050,000 shares, an increase of 69.4% from the August 15th total of 1,210,000 shares. Based on an average daily trading volume, of 548,600 shares, the short-interest ratio is presently 3.7 days. Currently, 2.0% of the shares of the stock are sold short.
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Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Old Dominion Freight Line.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) issued its quarterly earnings results on Wednesday, July, 28th. The transportation company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $0.14. The transportation company earned $1.32 billion during the quarter, compared to analyst estimates of $1.24 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 26.30% and a net margin of 18.80%.
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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 (WHO). Since then, ODFL shares have increased by 65.7% and is now trading at $298.20.
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Old Dominion Freight Line declared a quarterly dividend on Thursday, July 22nd. Shareholders of record on Wednesday, September 1st will be paid a dividend of $0.20 per share on Wednesday, September 15th. This represents a $0.80 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend 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 0.27%. 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 8.34% 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.

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 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.

17 brokerages have issued 12 month target prices for Old Dominion Freight Line's shares. Their forecasts range from $174.00 to $310.00. On average, they anticipate Old Dominion Freight Line's share price to reach $254.24 in the next twelve months. This suggests that the stock has a possible downside of 14.7%.
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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), Saia (SAIA), Avis Budget Group (CAR), Landstar System (LSTR), Ryder System (R), Werner Enterprises (WERN), Marten Transport (MRTN), Heartland Express (HTLD) and FRP (FRPH).
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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), 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.30%), BlackRock Inc. (8.34%), State Street Corp (3.58%), Price T Rowe Associates Inc. MD (3.33%), FMR LLC (2.14%) and JPMorgan Chase & Co. (2.06%). Company insiders that own Old Dominion Freight Line stock include David J Bates, Earl E Congdon 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 Price T Rowe Associates Inc. MD, Bank of New York Mellon Corp, Echo Street Capital Management LLC, FMR LLC, Goldman Sachs Group Inc., Lord Abbett & CO. LLC, Victory Capital Management Inc., and Wells Fargo & Company MN.
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ODFL stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., WCM Investment Management LLC, CIBC Private Wealth Group LLC, Morgan Stanley, Morgan Stanley, Nuveen Asset Management LLC, and Geode Capital Management LLC.
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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 $298.20.

Old Dominion Freight Line has a market capitalization of $34.53 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].