Equities analysts predict that Old Dominion Freight Line (NASDAQ:ODFL) will announce earnings of $1.02 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Old Dominion Freight Line’s earnings, with the lowest EPS estimate coming in at $0.91 and the highest estimate coming in at $1.21. Old Dominion Freight Line posted earnings of $1.44 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 29.2%. The firm is expected to issue its next quarterly earnings report on Thursday, July 23rd.

According to Zacks, analysts expect that Old Dominion Freight Line will report full year earnings of $4.57 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $5.03. For the next year, analysts anticipate that the business will post earnings of $5.69 per share, with EPS estimates ranging from $5.15 to $6.68. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Old Dominion Freight Line.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Thursday, April 23rd. The transportation company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.01). Old Dominion Freight Line had a return on equity of 20.85% and a net margin of 14.99%. The firm had revenue of $987.36 million during the quarter, compared to analysts’ expectations of $982.15 million. During the same period last year, the company earned $1.64 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year.

A number of brokerages have recently commented on ODFL. Bank of America lowered shares of Old Dominion Freight Line from a “neutral” rating to an “underperform” rating in a research report on Sunday, April 19th. Stifel Nicolaus raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating and raised their target price for the stock from $102.00 to $103.33 in a research report on Friday, March 20th. KeyCorp raised their target price on shares of Old Dominion Freight Line from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday. Stephens raised their target price on shares of Old Dominion Freight Line from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Deutsche Bank raised their target price on shares of Old Dominion Freight Line from $125.00 to $133.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $131.00.

Old Dominion Freight Line stock traded up $2.88 during midday trading on Monday, reaching $158.79. The stock had a trading volume of 625,068 shares, compared to its average volume of 823,920. Old Dominion Freight Line has a 52-week low of $87.25 and a 52-week high of $159.90. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 3.60 and a beta of 1.02. The company has a fifty day moving average of $141.42 and a 200 day moving average of $180.06.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a $0.15 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 11.94%.

A number of institutional investors and hedge funds have recently bought and sold shares of ODFL. Capital Research Global Investors boosted its position in Old Dominion Freight Line by 47.5% during the first quarter. Capital Research Global Investors now owns 10,755,271 shares of the transportation company’s stock worth $1,411,739,000 after acquiring an additional 3,461,277 shares during the last quarter. BlackRock Inc. boosted its position in Old Dominion Freight Line by 53.6% during the first quarter. BlackRock Inc. now owns 6,550,218 shares of the transportation company’s stock worth $859,784,000 after acquiring an additional 2,284,461 shares during the last quarter. State Street Corp boosted its position in Old Dominion Freight Line by 48.3% during the first quarter. State Street Corp now owns 3,981,821 shares of the transportation company’s stock worth $522,654,000 after acquiring an additional 1,296,053 shares during the last quarter. Norges Bank acquired a new position in Old Dominion Freight Line during the fourth quarter worth about $137,947,000. Finally, Alpha Omega Wealth Management LLC boosted its position in Old Dominion Freight Line by 48.8% during the first quarter. Alpha Omega Wealth Management LLC now owns 1,824,519 shares of the transportation company’s stock worth $239,486,000 after acquiring an additional 598,185 shares during the last quarter. Hedge funds and other institutional investors own 57.39% of the company’s stock.

About Old Dominion Freight Line

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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