Old Dominion Freight Line (ODFL) Projected to Post Earnings on Wednesday

Old Dominion Freight Line (NASDAQ:ODFL) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.15 per share and revenue of $1.38 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. 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 %

NASDAQ ODFL opened at $153.75 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line has a 52 week low of $145.79 and a 52 week high of $233.26. The business’s fifty day simple moving average is $170.78 and its 200-day simple moving average is $188.96. The firm has a market cap of $32.68 billion, a PE ratio of 28.06, a P/E/G ratio of 2.89 and a beta of 1.25.

Old Dominion Freight Line Increases Dividend

The company 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 a positive change 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 presently 20.44%.

Institutional Trading of Old Dominion Freight Line

An institutional investor recently raised its position in Old Dominion Freight Line stock. Brighton Jones LLC boosted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,559 shares of the transportation company’s stock after buying an additional 79 shares during the quarter. Brighton Jones LLC’s holdings in Old Dominion Freight Line were worth $275,000 at the end of the most recent quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ODFL. Susquehanna reduced their price target on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. Morgan Stanley set a $185.00 price target on Old Dominion Freight Line in a research note on Wednesday, April 2nd. Stifel Nicolaus cut their price objective on Old Dominion Freight Line from $200.00 to $188.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Jefferies Financial Group decreased their target price on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Old Dominion Freight Line in a research report on Friday, March 7th. They set a “buy” rating and a $236.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $195.15.

About Old Dominion Freight Line

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.