Old Dominion Freight Line Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last twelve months. There are currently 1 sell rating, 12 hold ratings and 4 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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17 brokerages have issued twelve-month target prices for Old Dominion Freight Line's shares. Their ODFL stock forecasts range from $232.00 to $385.00. On average, they expect Old Dominion Freight Line's stock price to reach $299.71 in the next year. This suggests a possible upside of 14.8% from the stock's current price.
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Old Dominion Freight Line's stock was trading at $358.38 at the start of the year. Since then, ODFL stock has decreased by 27.2% and is now trading at $261.01.
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Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
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Old Dominion Freight Line will be holding an earnings conference call on Wednesday, July 27th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "7163281".

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) issued its earnings results on Wednesday, April, 27th. The transportation company reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.37 by $0.23. The transportation company earned $1.50 billion during the quarter, compared to analysts' expectations of $1.46 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 32.41% and a net margin of 20.17%. Old Dominion Freight Line's quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 EPS.
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Old Dominion Freight Line declared a quarterly dividend on Thursday, May 19th. Stockholders of record on Wednesday, June 1st will be given a dividend of $0.30 per share on Wednesday, June 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Tuesday, May 31st.
View Old Dominion Freight Line's dividend history.

Old Dominion Freight Line(NASDAQ:ODFL) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.46%. Old Dominion Freight Line 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 of Old Dominion Freight Line is 12.26%. 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 10.10% 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 before market open on Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly issued shares were issued to shareholders after the market closes 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.

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), Knight-Swift Transportation (KNX), Avis Budget Group (CAR), Landstar System (LSTR), Saia (SAIA), Ryder System (R), Werner Enterprises (WERN), Marten Transport (MRTN), Heartland Express (HTLD), FRP (FRPH) and AMERCO (UHAL).
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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), 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."

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 $261.01.

Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $29.59 billion and generates $5.26 billion in revenue each year. The transportation company earns $1.03 billion in net income (profit) each year or $9.79 on an earnings per share basis.

Old Dominion Freight Line employs 23,663 workers across the globe.

Old Dominion Freight Line was founded in 1934.

Old Dominion Freight Line's mailing address is 500 OLD DOMINION WAY, THOMASVILLE NC, 27360. The official website for Old Dominion Freight Line 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.