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
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.