Analysts expect that Old Dominion Freight Line (NASDAQ:ODFL) will post $1.06 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Old Dominion Freight Line’s earnings, with the lowest sales estimate coming in at $1.04 billion and the highest estimate coming in at $1.07 billion. Old Dominion Freight Line posted sales of $872.99 million in the same quarter last year, which suggests a positive year-over-year growth rate of 21.4%. The business is scheduled to issue its next earnings report before the market opens on Thursday, October 25th.

On average, analysts expect that Old Dominion Freight Line will report full-year sales of $4.04 billion for the current financial year, with estimates ranging from $4.00 billion to $4.07 billion. For the next financial year, analysts forecast that the company will report sales of $4.39 billion, with estimates ranging from $4.30 billion to $4.53 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Old Dominion Freight Line.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Thursday, July 26th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.17. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Old Dominion Freight Line had a return on equity of 20.31% and a net margin of 15.37%. The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 earnings per share.

ODFL has been the subject of a number of recent analyst reports. BidaskClub cut Old Dominion Freight Line from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. KeyCorp increased their price objective on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, July 2nd. Cowen increased their price objective on Old Dominion Freight Line from $145.00 to $156.00 and gave the company a “market perform” rating in a research report on Friday, July 27th. Buckingham Research increased their price objective on Old Dominion Freight Line from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Old Dominion Freight Line in a research report on Friday, July 27th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $146.92.

Old Dominion Freight Line stock traded up $0.26 during trading hours on Friday, reaching $136.57. 740,653 shares of the company were exchanged, compared to its average volume of 612,473. The stock has a market capitalization of $13.22 billion, a P/E ratio of 31.32, a PEG ratio of 0.92 and a beta of 1.18. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a 12 month low of $106.20 and a 12 month high of $170.22.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th were given a $0.13 dividend. The ex-dividend date was Wednesday, September 5th. This represents a $0.52 annualized dividend and a dividend yield of 0.38%. Old Dominion Freight Line’s dividend payout ratio is 11.93%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Architects Inc acquired a new position in shares of Old Dominion Freight Line in the second quarter valued at $120,000. Signaturefd LLC raised its stake in shares of Old Dominion Freight Line by 2,308.6% in 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 acquired a new position in shares of Old Dominion Freight Line in the third quarter valued at $137,000. Qube Research & Technologies Ltd acquired a new position in shares of Old Dominion Freight Line in the second quarter valued at $145,000. Finally, Captrust Financial Advisors raised its stake in shares of Old Dominion Freight Line by 4,831.8% in the second quarter. Captrust Financial Advisors now owns 1,085 shares of the transportation company’s stock valued at $162,000 after purchasing an additional 1,063 shares in the last quarter. 72.45% of the stock is owned by institutional investors.

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.

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

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