Old Dominion Freight Line Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Old Dominion Freight Line stock. 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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Old Dominion Freight Line saw a drop in short interest in February. As of February 12th, there was short interest totaling 1,260,000 shares, a drop of 17.6% from the January 28th total of 1,530,000 shares. Based on an average daily volume of 664,700 shares, the days-to-cover ratio is presently 1.9 days.
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Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for Old Dominion Freight Line.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) posted its quarterly earnings data on Thursday, February, 4th. The transportation company reported $1.61 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.57 by $0.04. The transportation company earned $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 20.47% and a net margin of 15.87%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share.
View Old Dominion Freight Line's earnings history.

Old Dominion Freight Line's stock was trading at $180.00 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ODFL shares have increased by 19.3% and is now trading at $214.77.
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Old Dominion Freight Line announced a quarterly dividend on Thursday, February 4th. Investors of record on Wednesday, March 3rd will be paid a dividend of $0.20 per share on Wednesday, March 17th. This represents a $0.80 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Tuesday, March 2nd. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.15.
View Old Dominion Freight Line's dividend history.

Old Dominion Freight Line pays an annual dividend of $0.60 per share and currently has a dividend yield of 0.28%. Old Dominion Freight Line does not yet have a strock track record of dividend growth. The dividend payout ratio of Old Dominion Freight Line is 11.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Old Dominion Freight Line will have a dividend payout ratio of 8.73% next year. This indicates that Old Dominion Freight Line will be able to sustain or increase its dividend.
View Old Dominion Freight Line's dividend history.

Old Dominion Freight Line's stock split on the morning of 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 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 approved a stock repurchase plan 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 repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

14 Wall Street analysts have issued 12-month price objectives for Old Dominion Freight Line's shares. Their forecasts range from $174.00 to $235.00. On average, they anticipate Old Dominion Freight Line's stock price to reach $209.64 in the next twelve months. This suggests that the stock has a possible downside of 2.4%.
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310 employees have rated Old Dominion Freight Line CEO David S. Congdon on Glassdoor.com. David S. Congdon has an approval rating of 83% among Old Dominion Freight Line's employees.

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), Saia (SAIA), Avis Budget Group (CAR), Ryder System (R), Werner Enterprises (WERN), Heartland Express (HTLD), Marten Transport (MRTN) and FRP (FRPH).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Old Dominion Freight Line investors own include NVIDIA (NVDA), The Walt Disney (DIS), Netflix (NFLX), The 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 investors include BlackRock Inc. (6.89%), Price T Rowe Associates Inc. MD (5.63%), JPMorgan Chase & Co. (1.52%), Bank of New York Mellon Corp (1.00%), Northern Trust Corp (0.99%) and Dimensional Fund Advisors LP (0.66%). 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 AJO LP, Barclays PLC, AGF Investments Inc., Lord Abbett & CO. LLC, Voloridge Investment Management LLC, Renaissance Technologies LLC, Nisa Investment Advisors LLC, and Sib LLC.
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ODFL stock was bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, BlackRock Inc., Wells Fargo & Company MN, KBC Group NV, Bank of New York Mellon Corp, PGGM Investments, Teacher Retirement System of Texas, and JPMorgan Chase & Co..
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Shares of ODFL 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 $214.77.

Old Dominion Freight Line has a market capitalization of $25.20 billion and generates $4.11 billion in revenue each year. The transportation company earns $615.52 million in net income (profit) each year or $5.11 on an earnings per share basis.

Old Dominion Freight Line employs 19,630 workers across the globe.

Old Dominion Freight Line was founded in 1934.

The official website for Old Dominion Freight Line is www.odfl.com.

Old Dominion Freight Line is headquartered at 500 OLD DOMINION WAY, THOMASVILLE NC, 27360.

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 or via email at [email protected]