Old Dominion Freight Line (ODFL) Stock Price, News & Analysis

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last twelve months. There are currently 8 hold ratings and 6 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.
View ODFL analyst ratings or view top-rated stocks.

14 brokers have issued 1-year target prices for Old Dominion Freight Line's stock. Their ODFL share price targets range from $175.00 to $257.50. On average, they expect the company's share price to reach $214.19 in the next twelve months. This suggests a possible upside of 1.6% from the stock's current price.
View analysts price targets for ODFL or view top-rated stocks among Wall Street analysts.

Old Dominion Freight Line's stock was trading at $202.6650 on January 1st, 2024. Since then, ODFL stock has increased by 4.0% and is now trading at $210.81.
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Old Dominion Freight Line saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 4,460,000 shares, an increase of 112.4% from the March 15th total of 2,100,000 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is presently 3.4 days.
View Old Dominion Freight Line's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our ODFL earnings forecast.

Old Dominion Freight Line will be holding an earnings conference call on Wednesday, April 24th 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 "5260631".

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) issued its quarterly earnings results on Wednesday, January, 31st. The transportation company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.04. The transportation company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.50 billion. Old Dominion Freight Line had a net margin of 21.13% and a trailing twelve-month return on equity of 31.18%. The business's revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS.
Read the conference call transcript.

Old Dominion Freight Line announced a quarterly dividend on Wednesday, January 31st. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.26 per share on Wednesday, March 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Tuesday, March 5th.
Read our dividend analysis for ODFL.

Old Dominion Freight Line (NASDAQ:ODFL) pays an annual dividend of $1.04 per share and currently has a dividend yield of 0.47%. The dividend payout ratio is 18.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODFL will have a dividend payout ratio of 14.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ODFL.

ETFs with the largest weight of Old Dominion Freight Line (NASDAQ:ODFL) stock in their portfolio include Profound Medical (PRN), iShares U.S. Transportation ETF (IYT), ProShares Supply Chain Logistics ETF (SUPL), Direxion Daily Transportation Bull 3X Shares (TPOR), Pacer Industrials and Logistics ETF (SHPP), VictoryShares THB Mid Cap ESG ETF (MDCP), Invesco Focused Discovery Growth ETF (IVDG) and Alpha Dog ETF (RUFF).

Shares of Old Dominion Freight Line split before market open on Thursday, March 28th 2024. The 2-1 split was announced on Friday, February 16th 2024. The newly issued shares were payable to shareholders after the closing bell on Wednesday, March 27th 2024. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Old Dominion Freight Line declared that its Board of Directors has initiated a share repurchase program on Wednesday, July 26th 2023, which permits the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its stock is undervalued.

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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.20%), Pensioenfonds Rail & OV (0.08%), Gateway Investment Advisers LLC (0.04%), Wealth Enhancement Advisory Services LLC (0.03%), AMF Tjanstepension AB (0.02%) and Garrison Bradford & Associates Inc. (0.02%). Insiders that own company stock include Bradley R Gabosch, David J Bates, David S Congdon, John D Kasarda, Leo H Suggs, Steven W Hartsell and Thomas A Stith III.
View institutional ownership trends.

Shares of ODFL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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