NASDAQ:ODFL - Old Dominion Freight Line Stock Price, Forecast & News

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

Old Dominion Freight Line declared a quarterly dividend on Thursday, February 6th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.23 per share on Wednesday, March 18th. This represents a $0.92 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, March 3rd. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.17. View Old Dominion Freight Line's Dividend History.

Old Dominion Freight Line declared that its board has authorized a share repurchase program on Thursday, May 16th 2019, which allows the company to buyback $350,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Old Dominion Freight Line (NASDAQ:ODFL) issued its quarterly earnings data on Thursday, February, 6th. The transportation company reported $1.80 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.78 by $0.02. The transportation company earned $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. Old Dominion Freight Line had a net margin of 14.98% and a return on equity of 21.30%. The business's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.95 EPS. View Old Dominion Freight Line's Earnings History.

Old Dominion Freight Line is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Old Dominion Freight Line.

12 Wall Street analysts have issued 1 year target prices for Old Dominion Freight Line's shares. Their forecasts range from $151.00 to $235.00. On average, they expect Old Dominion Freight Line's stock price to reach $184.00 in the next year. This suggests that the stock has a possible downside of 17.3%. View Analyst Price Targets for Old Dominion Freight Line.

12 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Old Dominion Freight Line.

Media coverage about ODFL stock has trended positive this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. 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 daily sentiment score of 2.8 on InfoTrie's scale. They also assigned media stories about the transportation company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View News Stories for Old Dominion Freight Line.

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), Hertz Global (HTZ), Werner Enterprises (WERN), Saia (SAIA), Ryder System (R), Heartland Express (HTLD), Marten Transport (MRTN), FRP (FRPH) and Roadrunner Transportation Systems (RRTS).

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), Home Depot (HD), Intel (INTC), Paypal (PYPL), Boeing (BA), Delta Air Lines (DAL), Walt Disney (DIS) and Mastercard (MA).

Old Dominion Freight Line's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (9.14%), Capital International Investors (5.49%), Kayne Anderson Rudnick Investment Management LLC (4.73%), State Street Corp (3.36%), Alpha Omega Wealth Management LLC (1.54%) and Janus Henderson Group PLC (0.97%). 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 Janus Henderson Group PLC, Bank of New York Mellon Corp, Principal Financial Group Inc., American International Group Inc., Retirement Systems of Alabama, Rhumbline Advisers, Franklin Resources Inc. and Mutual of America Capital Management LLC. 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 for Old Dominion Freight Line.

ODFL stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, CIBC Private Wealth Group LLC, Charles Schwab Investment Management Inc., Capital Research Global Investors, Goldman Sachs Group Inc., Marshall Wace LLP, Thrivent Financial for Lutherans and Chevy Chase Trust Holdings Inc.. View Insider Buying and Selling 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 $222.54.

Old Dominion Freight Line has a market capitalization of $17.76 billion and generates $4.11 billion in revenue each year. The transportation company earns $615.52 million in net income (profit) each year or $7.66 on an earnings per share basis. Old Dominion Freight Line employs 21,279 workers across the globe.View Additional Information About Old Dominion Freight Line.

The official website for Old Dominion Freight Line is http://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.