Equities analysts predict that Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Get Rating) will report $3.06 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Old Dominion Freight Line’s earnings, with the lowest EPS estimate coming in at $2.90 and the highest estimate coming in at $3.29. Old Dominion Freight Line posted earnings of $2.31 per share during the same quarter last year, which suggests a positive year over year growth rate of 32.5%. The firm is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that Old Dominion Freight Line will report full year earnings of $11.29 per share for the current financial year, with EPS estimates ranging from $10.60 to $12.30. For the next financial year, analysts forecast that the company will post earnings of $12.12 per share, with EPS estimates ranging from $9.85 to $14.09. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Old Dominion Freight Line.
Old Dominion Freight Line (NASDAQ:ODFL – Get Rating) last issued its earnings results on Wednesday, April 27th. The transportation company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.23. Old Dominion Freight Line had a net margin of 20.17% and a return on equity of 32.41%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business earned $1.70 earnings per share. The company’s quarterly revenue was up 32.9% compared to the same quarter last year.
Shares of ODFL traded up $3.47 during mid-day trading on Friday, reaching $273.12. The stock had a trading volume of 834,083 shares, compared to its average volume of 1,075,121. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.21 and a quick ratio of 2.21. Old Dominion Freight Line has a 52-week low of $245.56 and a 52-week high of $373.58. The business’s fifty day moving average is $288.49 and its 200 day moving average is $316.50. The firm has a market cap of $30.96 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 1.39 and a beta of 1.03.
Several institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $335,106,000. California Public Employees Retirement System grew its position in Old Dominion Freight Line by 223.2% in the 3rd quarter. California Public Employees Retirement System now owns 746,160 shares of the transportation company’s stock valued at $213,387,000 after buying an additional 515,318 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Old Dominion Freight Line by 505.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 450,012 shares of the transportation company’s stock valued at $128,695,000 after buying an additional 375,696 shares during the last quarter. BlackRock Inc. grew its position in Old Dominion Freight Line by 3.3% in the 4th quarter. BlackRock Inc. now owns 10,008,078 shares of the transportation company’s stock valued at $3,586,696,000 after buying an additional 320,332 shares during the last quarter. Finally, KBC Group NV grew its position in Old Dominion Freight Line by 250.1% in the 4th quarter. KBC Group NV now owns 445,017 shares of the transportation company’s stock valued at $159,485,000 after buying an additional 317,891 shares during the last quarter. 77.86% of the stock is currently owned by institutional investors and hedge funds.
About Old Dominion Freight Line (Get Rating)
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 expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.
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