Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect Old Dominion Freight Line to post earnings of $1.15 per share and revenue of $1.38 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. On average, analysts expect Old Dominion Freight Line to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Old Dominion Freight Line Stock Up 4.0 %
Shares of ODFL traded up $5.90 during mid-day trading on Friday, reaching $153.75. The company had a trading volume of 1,456,518 shares, compared to its average volume of 1,671,946. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $32.68 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The firm has a 50-day moving average price of $171.82 and a 200 day moving average price of $189.29. Old Dominion Freight Line has a 52 week low of $145.79 and a 52 week high of $233.26.
Old Dominion Freight Line Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.73%. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line's payout ratio is 20.44%.
Institutional Investors Weigh In On Old Dominion Freight Line
A hedge fund recently raised its stake in Old Dominion Freight Line stock. Brighton Jones LLC boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,559 shares of the transportation company's stock after acquiring an additional 79 shares during the period. Brighton Jones LLC's holdings in Old Dominion Freight Line were worth $275,000 at the end of the most recent quarter. 77.82% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on ODFL shares. Stephens reiterated an "overweight" rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Truist Financial started coverage on shares of Old Dominion Freight Line in a research note on Thursday, March 13th. They issued a "buy" rating and a $220.00 target price on the stock. Susquehanna decreased their price objective on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Wells Fargo & Company lowered their price objective on Old Dominion Freight Line from $185.00 to $160.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Finally, Barclays reduced their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Old Dominion Freight Line has an average rating of "Hold" and an average price target of $195.15.
View Our Latest Report on Old Dominion Freight Line
About Old Dominion Freight Line
(
Get Free Report)
Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.
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