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

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 4 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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17 equities research analysts have issued 1 year price targets for Old Dominion Freight Line's stock. Their ODFL share price forecasts range from $260.00 to $425.00. On average, they anticipate the company's share price to reach $341.11 in the next year. This suggests a possible upside of 2.0% from the stock's current price.
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Old Dominion Freight Line's stock was trading at $283.78 on January 1st, 2023. Since then, ODFL shares have increased by 17.9% and is now trading at $334.49.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our ODFL earnings forecast.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) issued its quarterly earnings results on Wednesday, February, 1st. The transportation company reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.24. The transportation company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.50 billion. Old Dominion Freight Line had a net margin of 22.00% and a trailing twelve-month return on equity of 38.60%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.41 earnings per share.
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Old Dominion Freight Line announced a quarterly dividend on Wednesday, February 1st. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.40 per share on Wednesday, March 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Tuesday, February 28th. This is a boost from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for ODFL.

ETFs with the largest weight of Old Dominion Freight Line (NASDAQ:ODFL) stock in their portfolio include iShares U.S. Transportation ETF (IYT), ProShares Supply Chain Logistics ETF (SUPL), Direxion Daily Transportation Bull 3X Shares (TPOR), Invesco Focused Discovery Growth ETF (IVDG), Sterling Capital Focus Equity ETF (LCG), Siren DIVCON Leaders Dividend ETF (LEAD), BlackRock Future U.S. Themes ETF (BTHM) and VictoryShares THB Mid Cap ESG ETF (MDCP).

Old Dominion Freight Line (NASDAQ:ODFL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 0.49%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 11.89% 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's stock split on Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly created shares were issued 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 retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (7.62%), Geode Capital Management LLC (1.96%), JPMorgan Chase & Co. (1.89%), CIBC Private Wealth Group LLC (1.22%), WCM Investment Management LLC (1.01%) and Norges Bank (0.96%). Insiders that own company stock include Bradley R Gabosch, 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 $334.49.

Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $36.80 billion and generates $6.26 billion in revenue each year. The transportation company earns $1.38 billion in net income (profit) each year or $12.18 on an earnings per share basis.

The company employs 23,471 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.