Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, July 24th. Analysts expect Old Dominion Freight Line to post earnings of $1.46 per share for the quarter. Persons that wish to listen 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 results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. 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 Trading Up 4.4 %
Shares of NASDAQ:ODFL opened at $203.84 on Wednesday. Old Dominion Freight Line has a 12-month low of $165.49 and a 12-month high of $227.80. The company has a market capitalization of $44.29 billion, a PE ratio of 35.89, a PEG ratio of 2.50 and a beta of 1.00. The business has a 50 day moving average of $177.89 and a two-hundred day moving average of $198.72. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01.
Old Dominion Freight Line Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, June 5th. Old Dominion Freight Line’s payout ratio is presently 18.31%.
Analysts Set New Price Targets
A number of brokerages have issued reports on ODFL. Wells Fargo & Company initiated coverage on Old Dominion Freight Line in a report on Friday, June 7th. They issued an “underweight” rating and a $175.00 price target for the company. Susquehanna dropped their price target on Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. TD Cowen dropped their price target on Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating for the company in a research report on Friday, April 26th. UBS Group boosted their price target on Old Dominion Freight Line from $202.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Baird R W upgraded Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and an average price target of $200.55.
View Our Latest Stock Analysis on Old Dominion Freight Line
Old Dominion Freight Line Company Profile
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.
Further Reading
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