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

Old Dominion Freight Line (NASDAQ:ODFL) will likely be releasing its 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. Investors interested in registering for the company’s conference call can do so using this link.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping 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 Price Performance

ODFL stock opened at $153.75 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $32.68 billion, a P/E ratio of 28.06, a PEG ratio of 2.89 and a beta of 1.25. The business has a 50 day simple moving average of $170.78 and a 200-day simple moving average of $188.96. Old Dominion Freight Line has a twelve month low of $145.79 and a twelve month high of $233.26.

Old Dominion Freight Line Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.28 dividend. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 annualized dividend and a yield of 0.73%. Old Dominion Freight Line’s dividend payout ratio is 20.44%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Evercore ISI increased their target price on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an “in-line” rating in a research note on Thursday, February 6th. Stephens reissued an “overweight” rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Bank of America decreased their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Susquehanna dropped their price objective on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. Finally, Wells Fargo & Company cut their price objective on shares of Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus target price of $195.15.

Institutional Trading of Old Dominion Freight Line

An institutional investor recently raised its position in Old Dominion Freight Line stock. Brighton Jones LLC grew its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,559 shares of the transportation company’s stock after purchasing 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 currently owned by institutional investors.

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.