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

Old Dominion Freight Line (NASDAQ:ODFL) will be posting its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Old Dominion Freight Line to post earnings of $2.67 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, January 31st. The transportation company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.04. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Old Dominion Freight Line had a net margin of 21.13% and a return on equity of 31.18%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. 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 Performance

ODFL opened at $211.59 on Tuesday. The firm has a market cap of $46.06 billion, a P/E ratio of 37.58, a PEG ratio of 3.04 and a beta of 1.02. Old Dominion Freight Line has a 1-year low of $147.90 and a 1-year high of $227.80. The company has a 50 day simple moving average of $221.30 and a two-hundred day simple moving average of $206.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10.

Old Dominion Freight Line Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.49%. Old Dominion Freight Line’s dividend payout ratio is 18.47%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Bank of America restated a “neutral” rating and set a $223.00 target price (up previously from $221.50) on shares of Old Dominion Freight Line in a research report on Wednesday, March 6th. Barclays dropped their target price on shares of Old Dominion Freight Line to $210.00 and set an “equal weight” rating for the company in a research report on Thursday, April 4th. Susquehanna upped their target price on shares of Old Dominion Freight Line from $232.50 to $257.50 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Stifel Nicolaus upped their price target on shares of Old Dominion Freight Line from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Old Dominion Freight Line from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $214.19.

Insider Activity

In related news, Director John D. Kasarda sold 15,944 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $221.08, for a total value of $3,524,819.80. Following the transaction, the director now owns 13,540 shares of the company’s stock, valued at approximately $2,993,355.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 10.40% of the company’s stock.

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.