Old Dominion Freight Line (ODFL) Earning Somewhat Favorable Media Coverage, Report Shows
News articles about Old Dominion Freight Line (NASDAQ:ODFL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old Dominion Freight Line earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 47.222742029902 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Old Dominion Freight Line (NASDAQ:ODFL) opened at $118.90 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.29. Old Dominion Freight Line has a 1-year low of $79.35 and a 1-year high of $124.13. The company has a market cap of $9,811.80, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20.
Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.08. Old Dominion Freight Line had a net margin of 10.43% and a return on equity of 17.09%. The business had revenue of $872.99 million during the quarter, compared to analyst estimates of $855.85 million. During the same period in the prior year, the business earned $1.03 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. sell-side analysts predict that Old Dominion Freight Line will post 4.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. Old Dominion Freight Line’s payout ratio is 9.85%.
A number of research firms recently commented on ODFL. Zacks Investment Research lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub lowered shares of Old Dominion Freight Line from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Stifel Nicolaus reiterated a “hold” rating and set a $91.00 price target on shares of Old Dominion Freight Line in a report on Friday, July 14th. Cowen and Company reiterated a “hold” rating and set a $100.00 price target on shares of Old Dominion Freight Line in a report on Friday, September 1st. Finally, Buckingham Research began coverage on shares of Old Dominion Freight Line in a report on Monday, August 21st. They set a “neutral” rating and a $105.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Old Dominion Freight Line presently has an average rating of “Hold” and an average target price of $108.23.
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In related news, Vice Chairman David S. Congdon sold 575 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $97.83, for a total value of $56,252.25. Following the completion of the transaction, the insider now directly owns 9,516 shares in the company, valued at approximately $930,950.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.00% of the stock is owned by company insiders.
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.
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