Old Dominion Freight Line (NASDAQ:ODFL) declared a quarterly dividend on Thursday, November 1st, RTT News reports. Stockholders of record on Thursday, December 6th will be paid a dividend of 0.13 per share by the transportation company on Thursday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.39%.
Old Dominion Freight Line has a dividend payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Old Dominion Freight Line to earn $7.87 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 6.6%.
Shares of NASDAQ:ODFL opened at $133.58 on Friday. The stock has a market cap of $10.35 billion, a PE ratio of 30.64, a PEG ratio of 0.70 and a beta of 1.18. The company has a quick ratio of 1.77, a current ratio of 1.92 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a 12 month low of $116.61 and a 12 month high of $170.22.
Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, October 25th. The transportation company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.97 by $0.15. Old Dominion Freight Line had a net margin of 16.47% and a return on equity of 22.13%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, equities analysts anticipate that Old Dominion Freight Line will post 7.16 earnings per share for the current year.
A number of research firms recently issued reports on ODFL. Cowen increased their price target on shares of Old Dominion Freight Line from $145.00 to $156.00 and gave the stock a “market perform” rating in a research note on Friday, July 27th. BidaskClub raised shares of Old Dominion Freight Line from a “strong sell” rating to a “sell” rating in a research note on Friday. Buckingham Research increased their price target on shares of Old Dominion Freight Line from $155.00 to $162.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Stifel Nicolaus reissued a “hold” rating on shares of Old Dominion Freight Line in a research note on Friday, July 27th. Finally, ValuEngine downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $146.25.
Old Dominion Freight Line Company Profile
Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.
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