Old Dominion Freight Line (NASDAQ:ODFL) – Stock analysts at Seaport Global Securities raised their Q1 2018 EPS estimates for shares of Old Dominion Freight Line in a research report issued on Monday, March 12th, according to Zacks Investment Research. Seaport Global Securities analyst K. Sterling now expects that the transportation company will post earnings per share of $1.28 for the quarter, up from their previous estimate of $1.21. Seaport Global Securities also issued estimates for Old Dominion Freight Line’s Q2 2018 earnings at $1.73 EPS, Q3 2018 earnings at $1.74 EPS, FY2018 earnings at $6.21 EPS, Q1 2019 earnings at $1.45 EPS, Q2 2019 earnings at $1.95 EPS, Q3 2019 earnings at $1.99 EPS and FY2019 earnings at $7.10 EPS.
Other equities research analysts have also issued research reports about the stock. ValuEngine raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Saturday, January 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 target price (up previously from $111.00) on shares of Old Dominion Freight Line in a research note on Wednesday, December 13th. Cowen reaffirmed a “market perform” rating and set a $136.00 target price (up previously from $113.00) on shares of Old Dominion Freight Line in a research note on Thursday, February 8th. Finally, Buckingham Research lifted their target price on shares of Old Dominion Freight Line from $144.00 to $153.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $129.58.
Shares of ODFL traded down $4.20 during trading hours on Wednesday, reaching $140.84. 559,672 shares of the company traded hands, compared to its average volume of 576,757. The firm has a market capitalization of $11,947.59, a price-to-earnings ratio of 32.30, a PEG ratio of 1.02 and a beta of 1.18. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a 12 month low of $80.56 and a 12 month high of $152.50.
Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Thursday, February 8th. The transportation company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The firm had revenue of $891.12 million for the quarter, compared to analyst estimates of $879.00 million. Old Dominion Freight Line had a net margin of 13.81% and a return on equity of 17.37%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS.
Large investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH bought a new stake in Old Dominion Freight Line during the third quarter worth about $1,877,000. Swiss National Bank raised its holdings in Old Dominion Freight Line by 107.4% in the fourth quarter. Swiss National Bank now owns 227,900 shares of the transportation company’s stock worth $29,980,000 after buying an additional 118,009 shares during the last quarter. BlackRock Inc. raised its holdings in Old Dominion Freight Line by 12.5% in the fourth quarter. BlackRock Inc. now owns 5,999,272 shares of the transportation company’s stock worth $789,203,000 after buying an additional 667,711 shares during the last quarter. Arizona State Retirement System raised its holdings in Old Dominion Freight Line by 27.0% in the fourth quarter. Arizona State Retirement System now owns 49,213 shares of the transportation company’s stock worth $6,474,000 after buying an additional 10,461 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Old Dominion Freight Line in the fourth quarter worth about $35,582,000. 76.39% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th were paid a dividend of $0.13 per share. The ex-dividend date was Monday, March 5th. This represents a $0.52 annualized dividend and a yield of 0.37%. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.10. Old Dominion Freight Line’s payout ratio is presently 11.93%.
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Old Dominion Freight Line Company Profile
Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.
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