News stories about Old Dominion Freight Line (NASDAQ:ODFL) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Old Dominion Freight Line earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 47.0321815393049 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Several analysts have issued reports on ODFL shares. Buckingham Research increased their price objective on shares of Old Dominion Freight Line from $144.00 to $153.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Zacks Investment Research raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research report on Saturday, January 6th. Morgan Stanley restated an “overweight” rating and set a $150.00 price objective (up from $99.00) on shares of Old Dominion Freight Line in a research note on Wednesday, February 21st. ValuEngine raised Old Dominion Freight Line from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Cowen reissued a “market perform” rating and issued a $136.00 price target (up previously from $113.00) on shares of Old Dominion Freight Line in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $129.58.
Shares of ODFL stock traded down $4.20 during trading hours on Friday, reaching $140.84. 559,672 shares of the company’s stock were exchanged, compared to its average volume of 576,757. The firm has a market cap of $11,947.59, a PE ratio of 33.34, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a fifty-two week low of $80.56 and a fifty-two week high of $152.50.
Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Thursday, February 8th. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $891.12 million for the quarter, compared to analysts’ expectations of $879.00 million. Old Dominion Freight Line had a return on equity of 17.37% and a net margin of 13.81%. Old Dominion Freight Line’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. equities analysts predict that Old Dominion Freight Line will post 6.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.37%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, March 5th. Old Dominion Freight Line’s dividend payout ratio is 11.93%.
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About Old Dominion Freight Line
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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