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

15 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, 10 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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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15 brokerages have issued 1-year target prices for Old Dominion Freight Line's stock. Their ODFL share price forecasts range from $232.00 to $385.00. On average, they predict the company's share price to reach $294.27 in the next year. This suggests that the stock has a possible downside of 5.1%.
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Old Dominion Freight Line's stock was trading at $358.38 at the beginning of 2022. Since then, ODFL shares have decreased by 13.5% and is now trading at $310.07.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our ODFL earnings forecast.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) issued its quarterly earnings results on Wednesday, July, 27th. The transportation company reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.09 by $0.21. The transportation company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.66 billion. Old Dominion Freight Line had a trailing twelve-month return on equity of 35.07% and a net margin of 20.77%. The firm's quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 EPS.
Read the conference call transcript.

Old Dominion Freight Line declared a quarterly dividend on Friday, July 22nd. Stockholders of record on Wednesday, September 7th will be paid a dividend of $0.30 per share on Wednesday, September 21st. This represents a $1.20 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Tuesday, September 6th.
Read our dividend analysis for ODFL.

Old Dominion Freight Line (NASDAQ:ODFL) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.38%. The company 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 is 11.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 9.90% 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 institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (8.12%), State Street Corp (3.50%), JPMorgan Chase & Co. (2.44%), FMR LLC (1.46%), CIBC Private Wealth Group LLC (1.22%) and WCM Investment Management LLC (1.23%). Insiders that own company stock include David J Bates, David S Congdon, Earl E 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 $310.07.

Old Dominion Freight Line (NASDAQ:ODFL) has a market capitalization of $34.66 billion and generates $5.26 billion in revenue each year. The transportation company earns $1.03 billion in net income (profit) each year or $10.78 on an earnings per share basis.

The company 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 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.