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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 3 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ODFL shares. 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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11 analysts have issued 1 year target prices for Old Dominion Freight Line's shares. Their ODFL share price forecasts range from $232.00 to $335.00. On average, they predict the company's stock price to reach $291.73 in the next year. This suggests that the stock has a possible downside of 20.6%.
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Old Dominion Freight Line's stock was trading at $283.78 at the beginning of the year. Since then, ODFL stock has increased by 29.5% and is now trading at $367.62.
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Old Dominion Freight Line, Inc. (NASDAQ:ODFL) released its quarterly earnings data on Wednesday, February, 1st. The transportation company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.68 by $0.24. The transportation company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Old Dominion Freight Line had a net margin of 21.56% and a trailing twelve-month return on equity of 37.27%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.41 earnings per share.

Old Dominion Freight Line declared a quarterly dividend on Wednesday, February 1st. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.40 per share on Wednesday, March 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.44%. This is a positive change from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for ODFL.

Old Dominion Freight Line (NASDAQ:ODFL) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.37%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 10.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ODFL.

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 minted shares were payable to shareholders after the closing bell on Monday, March 23rd 2020. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

310 employees have rated Old Dominion Freight Line Chief Executive Officer David S. Congdon on Glassdoor.com. David S. Congdon has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Old Dominion Freight Line investors own include NVIDIA (NVDA), 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 Sumitomo Mitsui Trust Holdings Inc. (0.26%), Canal Capital Management LLC (0.26%), Alpha Omega Wealth Management LLC (0.23%), Congress Asset Management Co. MA (0.18%), Natixis Advisors L.P. (0.16%) and New York State Common Retirement Fund (0.14%). Insiders that own company stock include David J Bates, David S Congdon and Leo H Suggs.
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Shares of ODFL stock 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 $367.62.

Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $40.61 billion and generates $5.26 billion in revenue each year. The transportation company earns $1.03 billion in net income (profit) each year or $11.67 on an earnings per share basis.

The company employs 23,663 workers across the globe.

Old Dominion Freight Line's mailing address is 500 OLD DOMINION WAY, THOMASVILLE NC, 27360. The official website for the company is www.odfl.com. The transportation company can be reached via phone at (336) 889-5000, via email at investor.relations@odfl.com, or via fax at 336-822-5239.