Old Dominion Freight Line (ODFL) to Release Earnings on Wednesday

Old Dominion Freight Line (NASDAQ:ODFL) is projected to announce its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.15 per share and revenue of $1.38 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. On average, analysts expect Old Dominion Freight Line to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Old Dominion Freight Line Price Performance

ODFL stock opened at $152.85 on Wednesday. The company’s 50-day moving average price is $173.77 and its two-hundred day moving average price is $189.89. Old Dominion Freight Line has a 12 month low of $145.79 and a 12 month high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a market cap of $32.49 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.89 and a beta of 1.25.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 0.73%. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is currently 20.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ODFL shares. Stifel Nicolaus decreased their price target on Old Dominion Freight Line from $200.00 to $188.00 and set a “buy” rating on the stock in a research note on Monday. Morgan Stanley set a $185.00 target price on Old Dominion Freight Line in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Old Dominion Freight Line in a research note on Friday, March 7th. They issued a “buy” rating and a $236.00 price target on the stock. Truist Financial started coverage on shares of Old Dominion Freight Line in a research note on Thursday, March 13th. They issued a “buy” rating and a $220.00 price objective for the company. Finally, Stephens reaffirmed an “overweight” rating and set a $240.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $195.15.

Institutional Investors Weigh In On Old Dominion Freight Line

A hedge fund recently raised its stake in Old Dominion Freight Line stock. Brighton Jones LLC grew its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,559 shares of the transportation company’s stock after buying an additional 79 shares during the period. Brighton Jones LLC’s holdings in Old Dominion Freight Line were worth $275,000 as of its most recent filing with the SEC. Institutional investors own 77.82% of the company’s stock.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.