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

Old Dominion Freight Line shares split on Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly created shares will be 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 announced that its board has initiated a share buyback program on Thursday, May 16th 2019, which permits the company to repurchase $350,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

Old Dominion Freight Line (NASDAQ:ODFL) released its quarterly earnings results on Thursday, February, 6th. The transportation company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.78 by $0.02. The transportation company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Old Dominion Freight Line had a return on equity of 21.30% and a net margin of 14.98%. Old Dominion Freight Line's revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.95 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 23rd 2020. View Earnings Estimates for Old Dominion Freight Line.

12 analysts have issued 1 year price targets for Old Dominion Freight Line's shares. Their forecasts range from $151.00 to $245.00. On average, they expect Old Dominion Freight Line's share price to reach $184.91 in the next twelve months. This suggests that the stock has a possible downside of 16.9%. 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.

News stories about ODFL stock have trended very negative on Sunday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Old Dominion Freight Line earned a daily sentiment score of -3.4 on InfoTrie's scale. They also gave news headlines about the transportation company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. 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), Knight-Swift Transportation (KNX), AMERCO (UHAL), 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 a number of of retail and institutional investors. Top institutional investors 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 Geode Capital Management LLC (1.30%). 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, Geode Capital Management LLC, CIBC Private Wealth Group LLC, National Pension Service, Charles Schwab Investment Management Inc., Capital Research Global Investors, Goldman Sachs Group Inc. and Marshall Wace LLP. 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 $222.55.

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.