Old Dominion Freight Line Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research 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 May. As of May 28th, there was short interest totaling 1,190,000 shares, a drop of 20.7% from the May 13th total of 1,500,000 shares. Based on an average daily volume of 685,100 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.2% 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 Thursday, July 29th 2021.
View our earnings forecast for Old Dominion Freight Line.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) issued its earnings results on Thursday, April, 22nd. The transportation company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.12. The transportation company earned $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 23.32% and a net margin of 17.79%. The business's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 EPS.
View Old Dominion Freight Line's earnings history.

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 39.7% and is now trading at $251.40.
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Old Dominion Freight Line announced a quarterly dividend on Thursday, May 20th. Investors of record on Wednesday, June 2nd will be paid a dividend of $0.20 per share on Wednesday, June 16th. This represents a $0.80 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, June 1st.
View Old Dominion Freight Line's dividend history.

Old Dominion Freight Line pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.32%. 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 9.00% 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 shares 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 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.

16 equities research analysts have issued 1-year price targets for Old Dominion Freight Line's stock. Their forecasts range from $174.00 to $285.00. On average, they expect Old Dominion Freight Line's stock price to reach $235.00 in the next twelve months. This suggests that the stock has a possible downside of 6.5%.
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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), Marten Transport (MRTN), Heartland Express (HTLD) 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.60%), Price T Rowe Associates Inc. MD (4.79%), JPMorgan Chase & Co. (1.57%), Geode Capital Management LLC (1.49%), Goldman Sachs Group Inc. (1.11%) and London Co. of Virginia (1.01%). 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 Price T Rowe Associates Inc. MD, Millennium Management LLC, Alpha Omega Wealth Management LLC, Victory Capital Management Inc., Wasatch Advisors Inc., Holocene Advisors LP, Assenagon Asset Management S.A., and Point72 Asset Management L.P..
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ODFL stock was acquired by a variety of institutional investors in the last quarter, including WCM Investment Management LLC, BlackRock Inc., Royal Bank of Canada, The Manufacturers Life Insurance Company, Artisan Partners Limited Partnership, Select Equity Group L.P., State of Wisconsin Investment Board, and Quantum Capital Management LLC NJ.
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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 $251.40.

Old Dominion Freight Line has a market capitalization of $29.15 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]