Old Dominion Freight Line Stock Forecast, Price & 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 (WHO). Since then, ODFL shares have increased by 5.8% and is now trading at $190.37.
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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 3 sell ratings, 5 hold ratings and 3 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, February 4th 2021.
View our earnings forecast for Old Dominion Freight Line.

Old Dominion Freight Line (NASDAQ:ODFL) announced its quarterly earnings data on Tuesday, October, 27th. The transportation company reported $1.71 EPS for the quarter, beating the Zacks' consensus estimate of $1.51 by $0.20. The transportation company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Old Dominion Freight Line had a net margin of 14.95% and a return on equity of 19.66%. Old Dominion Freight Line's revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 earnings per share.
View Old Dominion Freight Line's earnings history.

Old Dominion Freight Line declared a quarterly dividend on Friday, October 23rd. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.15 per share on Wednesday, December 16th. This represents a $0.60 annualized dividend and a yield of 0.32%. The ex-dividend date is Tuesday, December 1st.
View Old Dominion Freight Line's dividend history.

Old Dominion Freight Line shares 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.

Old Dominion Freight Line declared that its Board of Directors has approved a stock buyback 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 reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its stock is undervalued.

11 analysts have issued 1 year target prices for Old Dominion Freight Line's shares. Their forecasts range from $156.00 to $220.00. On average, they expect Old Dominion Freight Line's share price to reach $183.91 in the next year. This suggests that the stock has a possible downside of 3.4%.
View analysts' price targets for Old Dominion Freight Line.

Old Dominion Freight Line saw a increase in short interest in September. As of September 30th, there was short interest totaling 2,330,000 shares, an increase of 26.6% from the September 15th total of 1,840,000 shares. Based on an average daily volume of 798,600 shares, the days-to-cover ratio is presently 2.9 days.
View Old Dominion Freight Line's Short Interest.

Some companies that are related to Old Dominion Freight Line include J.B. Hunt Transport Services (JBHT), Nikola (NKLA), AMERCO (UHAL), Knight-Swift Transportation (KNX), Landstar System (LSTR), Saia (SAIA), Ryder System (R), Werner Enterprises (WERN), Avis Budget Group (CAR), 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), The Walt Disney (DIS), Netflix (NFLX), 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 institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.22%), KBC Group NV (0.19%), Canal Capital Management LLC (0.18%), Nisa Investment Advisors LLC (0.16%), Gillespie Robinson & Grimm Inc. (0.10%) and Robeco Institutional Asset Management B.V. (0.09%). 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 WINTON GROUP Ltd, Retirement Systems of Alabama, BNP Paribas Arbitrage SA, State of Alaska Department of Revenue, V Wealth Advisors LLC, Gillespie Robinson & Grimm Inc., State of New Jersey Common Pension Fund D, and Candriam Luxembourg S.C.A.. Company insiders that have sold Old Dominion Freight Line company stock in the last year include David J Bates, and Earl E Congdon.
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 Assenagon Asset Management S.A., KBC Group NV, Nisa Investment Advisors LLC, Robeco Institutional Asset Management B.V., Dupont Capital Management Corp, James Investment Research Inc., Dorsey Wright & Associates, and Prudential PLC.
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 $190.37.

Old Dominion Freight Line has a market capitalization of $22.34 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]