NASDAQ:ODFLOld Dominion Freight Line Stock Price, Forecast & News

Old Dominion Freight Line's stock was trading at $180.00 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ODFL stock has increased by 4.4% and is now trading at $187.95.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There are currently 2 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Old Dominion Freight Line is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Old Dominion Freight Line.

Old Dominion Freight Line (NASDAQ:ODFL) posted its quarterly earnings results on Thursday, July, 30th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.22. The transportation company earned $896.21 million during the quarter, compared to analysts' expectations of $899.18 million. Old Dominion Freight Line had a net margin of 14.95% and a return on equity of 19.66%. The company's revenue for the quarter was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.16 earnings per share.
View Old Dominion Freight Line's earnings history.

Old Dominion Freight Line declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $0.15 per share on Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Tuesday, September 1st.
View Old Dominion Freight Line's dividend history.

Old Dominion Freight Line shares split on the morning of Tuesday, March 24th 2020. The 3-2 split was announced on Friday, February 21st 2020. The newly created shares were distributed 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 declared that its board has approved a share repurchase program on Thursday, May 16th 2019, which authorizes the company to repurchase $350,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

11 analysts have issued 1 year price objectives for Old Dominion Freight Line's shares. Their forecasts range from $103.33 to $200.00. On average, they expect Old Dominion Freight Line's stock price to reach $155.48 in the next twelve months. This suggests that the stock has a possible downside of 17.3%.
View analysts' price targets for Old Dominion Freight Line.

News headlines about ODFL stock have been trending somewhat positive on Wednesday, according to InfoTrie. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Old Dominion Freight Line earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave headlines about the transportation company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about Old Dominion Freight Line.

Old Dominion Freight Line saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 2,950,000 shares, a decline of 13.7% from the January 31st total of 3,420,000 shares. Based on an average daily trading volume, of 729,800 shares, the days-to-cover ratio is presently 4.0 days. Currently, 4.1% of the company's stock are sold short.
View Old Dominion Freight Line's Short Interest.

Some companies that are related to Old Dominion Freight Line include Nikola (NKLA), J B Hunt Transport Services (JBHT), Knight-Swift Transportation (KNX), AMERCO (UHAL), Landstar System (LSTR), Saia (SAIA), Werner Enterprises (WERN), Ryder System (R), Avis Budget Group (CAR), Heartland Express (HTLD), Marten Transport (MRTN), FRP (FRPH), Hertz Global (HTZ) and Roadrunner Transportation Systems (RRTS).
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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), Home Depot (HD), Intel (INTC), Netflix (NFLX), Visa (V), Alibaba Group (BABA), Mastercard (MA), Paypal (PYPL), Cisco Systems (CSCO) and Walt Disney (DIS).

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 shareholders include Alpha Omega Wealth Management LLC (1.55%), Victory Capital Management Inc. (0.57%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Swiss National Bank (0.32%), Royal London Asset Management Ltd. (0.30%) and New York State Common Retirement Fund (0.22%). Company insiders that own Old Dominion Freight Line stock include David J Bates, David S Congdon, Earl E Congdon and Gregory B Plemmons.
View institutional ownership trends for Old Dominion Freight Line.

ODFL stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Gateway Investment Advisers LLC, Raymond James & Associates, Roosevelt Investment Group Inc., Dupont Capital Management Corp, First Trust Advisors LP, SG Americas Securities LLC, and Gillespie Robinson & Grimm Inc.. Company insiders that have sold Old Dominion Freight Line company stock in the last year include David J Bates, David S Congdon, and Earl E Congdon.
View insider buying and selling activity for Old Dominion Freight Line.

ODFL stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., New York State Teachers Retirement System, Mn Services Vermogensbeheer B.V., Mackay Shields LLC, State of Alaska Department of Revenue, Robeco Institutional Asset Management B.V., Candriam Luxembourg S.C.A., and Financial Counselors Inc..
View insider buying and selling activity 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 $187.95.

Old Dominion Freight Line has a market capitalization of $22.05 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 20,105 workers across the globe.

The official website for Old Dominion Freight Line is 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 or via email at [email protected]