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

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

Old Dominion Freight Line declared a quarterly dividend on Thursday, February 7th. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.17 per share on Wednesday, March 20th. This represents a $0.68 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Tuesday, March 5th. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.13. View Old Dominion Freight Line's Dividend History.

Old Dominion Freight Line declared that its board has initiated a stock repurchase program on Thursday, May 17th 2018, which permits the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

Old Dominion Freight Line (NASDAQ:ODFL) released its earnings results on Thursday, February, 7th. The transportation company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.21. The transportation company earned $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Old Dominion Freight Line had a net margin of 14.98% and a return on equity of 23.90%. Old Dominion Freight Line's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.39 earnings per share. View Old Dominion Freight Line's Earnings History.

Old Dominion Freight Line is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Old Dominion Freight Line.

Old Dominion Freight Line issued an update on its FY 2019 earnings guidance on Thursday, February, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.14-1.16 billion, compared to the consensus revenue estimate of $1.15 billion.

11 brokerages have issued 1-year price objectives for Old Dominion Freight Line's stock. Their predictions range from $131.00 to $160.00. On average, they anticipate Old Dominion Freight Line's stock price to reach $144.90 in the next year. This suggests that the stock has a possible downside of 4.8%. View Analyst Price Targets for Old Dominion Freight Line.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Old Dominion Freight Line.

Headlines about ODFL stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Old Dominion Freight Line earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media coverage about the transportation company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Some companies that are related to Old Dominion Freight Line include J B Hunt Transport Services (JBHT), Knight-Swift Transportation (KNX), Landstar System (LSTR), Schneider National (SNDR), Werner Enterprises (WERN), Saia (SAIA), Heartland Express (HTLD), Marten Transport (MRTN), ArcBest (ARCB), Universal Logistics (ULH), US Xpress Enterprises (USX), Covenant Transportation Group (CVTI), P.A.M. Transportation Services (PTSI), YRC Worldwide (YRCW) and USA Truck (USAK).

Old Dominion Freight Line's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.61%), Oregon Public Employees Retirement Fund (5.12%), Kayne Anderson Rudnick Investment Management LLC (4.42%), Bank of New York Mellon Corp (0.96%), London Co. of Virginia (0.94%) and Geode Capital Management LLC (0.84%). Company insiders that own Old Dominion Freight Line stock include David S 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 Lord Abbett & CO. LLC, Amundi Pioneer Asset Management Inc., First Trust Advisors LP, BlackRock Inc., Los Angeles Capital Management & Equity Research Inc., Eagle Asset Management Inc., Millennium Management LLC and Kayne Anderson Rudnick Investment Management LLC. View Insider Buying and Selling for Old Dominion Freight Line.

ODFL stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Parnassus Investments CA, MERIAN GLOBAL INVESTORS UK Ltd, Royal London Asset Management Ltd., State of New Jersey Common Pension Fund D, Mackenzie Financial Corp, London Co. of Virginia and Nordea Investment Management AB. 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, Scottrade, Fidelity and Charles Schwab.

One share of ODFL stock can currently be purchased for approximately $152.2150.

Old Dominion Freight Line has a market capitalization of $12.44 billion and generates $4.04 billion in revenue each year. The transportation company earns $605.66 million in net income (profit) each year or $7.38 on an earnings per share basis. Old Dominion Freight Line employs 19,183 workers across the globe.

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.