Old Dominion Freight Line CEO Sells $789,402 in Stock (ODFL)
Old Dominion Freight Line (NASDAQ:ODFL) CEO David S. Congdon sold 14,900 shares of Old Dominion Freight Line stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $52.98, for a total transaction of $789,402.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Old Dominion Freight Line (NASDAQ:ODFL) traded up 1.22% during mid-day trading on Thursday, hitting $52.94. The stock had a trading volume of 418,434 shares. Old Dominion Freight Line has a 52 week low of $34.58 and a 52 week high of $57.00. The stock has a 50-day moving average of $53.79 and a 200-day moving average of $49.12. The company has a market cap of $4.562 billion and a P/E ratio of 21.88.
Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.04. The company had revenue of $592.50 million for the quarter, compared to the consensus estimate of $587.92 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts expect that Old Dominion Freight Line will post $2.76 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at KeyCorp raised their price target on shares of Old Dominion Freight Line from $56.00 to $60.00 in a research note on Friday, January 17th. Separately, analysts at Deutsche Bank upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Monday, December 16th. They now have a $59.00 price target on the stock, up previously from $49.00. Finally, analysts at Longbow Research downgraded shares of Old Dominion Freight Line from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 10th. They now have a $52.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $49.13.
Old Dominion Freight Line, Inc (NASDAQ:ODFL), incorporated on March 22, 1999, is a less-than-truckload (LTL) motor carrier providing regional, inter-regional and national LTL service and logistics services.
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