Old Dominion Freight Line, Inc. (NASDAQ:ODFL) – Investment analysts at KeyCorp lifted their Q3 2017 EPS estimates for Old Dominion Freight Line in a research note issued to investors on Thursday. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings of $1.14 per share for the quarter, up from their previous estimate of $1.07. KeyCorp also issued estimates for Old Dominion Freight Line’s FY2017 earnings at $4.10 EPS and FY2018 earnings at $4.60 EPS.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Thursday, July 27th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.09. Old Dominion Freight Line had a net margin of 10.19% and a return on equity of 16.87%. The business had revenue of $839.90 million during the quarter, compared to analysts’ expectations of $824.68 million. During the same quarter in the prior year, the business posted $0.98 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This piece was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://theolympiareport.com/2017/08/12/q3-2017-earnings-estimate-for-old-dominion-freight-line-inc-issued-by-keycorp-odfl-updated.html.

Other analysts have also issued research reports about the stock. BidaskClub upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Wednesday. Bank of America Corporation upgraded shares of Old Dominion Freight Line from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $83.00 to $96.00 in a research note on Tuesday, June 6th. Stifel Nicolaus restated a “hold” rating and issued a $91.00 price target on shares of Old Dominion Freight Line in a research note on Friday, July 14th. Finally, Vertical Research restated a “hold” rating and issued a $83.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, April 13th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Old Dominion Freight Line presently has an average rating of “Hold” and a consensus price target of $97.67.

Old Dominion Freight Line (NASDAQ ODFL) opened at 94.44 on Monday. The firm has a market cap of $7.77 billion, a PE ratio of 24.46 and a beta of 1.08. The stock has a 50 day moving average of $96.30 and a 200 day moving average of $90.08. Old Dominion Freight Line has a one year low of $66.33 and a one year high of $103.51.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Friday, September 1st. Old Dominion Freight Line’s dividend payout ratio is presently 10.39%.

A number of institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp increased its position in Old Dominion Freight Line by 0.3% in the first quarter. M&T Bank Corp now owns 5,284 shares of the transportation company’s stock worth $453,000 after buying an additional 14 shares in the last quarter. IFP Advisors Inc increased its position in Old Dominion Freight Line by 1.9% in the first quarter. IFP Advisors Inc now owns 1,839 shares of the transportation company’s stock worth $157,000 after buying an additional 34 shares in the last quarter. Pier Capital LLC increased its position in Old Dominion Freight Line by 0.6% in the first quarter. Pier Capital LLC now owns 5,959 shares of the transportation company’s stock worth $510,000 after buying an additional 34 shares in the last quarter. Atria Investments LLC increased its position in Old Dominion Freight Line by 2.6% in the first quarter. Atria Investments LLC now owns 2,772 shares of the transportation company’s stock worth $237,000 after buying an additional 69 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in Old Dominion Freight Line by 2.3% in the first quarter. Fisher Asset Management LLC now owns 5,877 shares of the transportation company’s stock worth $503,000 after buying an additional 130 shares in the last quarter. 74.89% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Company Profile

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.

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

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