Brokerages Anticipate Old Dominion Freight Line (ODFL) to Post $1.75 EPS

Wall Street analysts expect Old Dominion Freight Line (NASDAQ:ODFL) to announce earnings of $1.75 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Old Dominion Freight Line’s earnings. The lowest EPS estimate is $1.67 and the highest is $1.86. Old Dominion Freight Line reported earnings per share of $1.12 during the same quarter last year, which would suggest a positive year-over-year growth rate of 56.3%. The company is expected to issue its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Old Dominion Freight Line will report full-year earnings of $7.19 per share for the current financial year, with EPS estimates ranging from $7.10 to $7.29. For the next financial year, analysts expect that the company will post earnings of $7.87 per share, with EPS estimates ranging from $7.65 to $8.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Old Dominion Freight Line.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Thursday, October 25th. The transportation company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. Old Dominion Freight Line had a return on equity of 22.13% and a net margin of 16.47%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion.

A number of research firms have recently issued reports on ODFL. BidaskClub raised Old Dominion Freight Line from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 11th. ValuEngine raised Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Bank of America increased their price target on Old Dominion Freight Line from $139.00 to $143.00 and gave the stock an “underperform” rating in a research report on Thursday, August 30th. Morgan Stanley increased their price target on Old Dominion Freight Line from $158.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 9th. Finally, Buckingham Research dropped their price target on Old Dominion Freight Line from $162.00 to $154.00 and set a “neutral” rating on the stock in a research report on Friday, October 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $146.25.

Hedge funds have recently modified their holdings of the stock. Stratos Wealth Partners LTD. bought a new stake in Old Dominion Freight Line during the third quarter valued at about $120,000. Signaturefd LLC boosted its position in Old Dominion Freight Line by 2,308.6% during the second quarter. Signaturefd LLC now owns 843 shares of the transportation company’s stock valued at $126,000 after purchasing an additional 808 shares in the last quarter. Gradient Investments LLC bought a new stake in Old Dominion Freight Line during the third quarter valued at about $137,000. Harvest Fund Management Co. Ltd bought a new stake in Old Dominion Freight Line during the third quarter valued at about $142,000. Finally, TRUE Private Wealth Advisors bought a new stake in Old Dominion Freight Line during the third quarter valued at about $145,000. 72.55% of the stock is currently owned by institutional investors.

ODFL opened at $128.75 on Friday. Old Dominion Freight Line has a 12-month low of $118.73 and a 12-month high of $170.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market cap of $10.60 billion, a PE ratio of 29.53, a PEG ratio of 0.72 and a beta of 1.39.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, December 5th. Old Dominion Freight Line’s payout ratio is currently 11.93%.

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.

Recommended Story: Balanced Fund

Get a free copy of the Zacks research report on Old Dominion Freight Line (ODFL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Old Dominion Freight Line (NASDAQ:ODFL)

Receive News & Ratings for Old Dominion Freight Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply