Analysts forecast that Old Dominion Freight Line, Inc. (NASDAQ:ODFL) will announce earnings of $1.08 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Old Dominion Freight Line’s earnings, with the lowest EPS estimate coming in at $1.07 and the highest estimate coming in at $1.09. Old Dominion Freight Line reported earnings per share of $0.98 during the same quarter last year, which would suggest a positive year over year growth rate of 10.2%. The business is scheduled to report its next quarterly earnings results on Thursday, July 27th.

According to Zacks, analysts expect that Old Dominion Freight Line will report full year earnings of $3.96 per share for the current fiscal year, with EPS estimates ranging from $3.85 to $4.12. For the next fiscal year, analysts forecast that the business will post earnings of $4.57 per share, with EPS estimates ranging from $4.33 to $5.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Old Dominion Freight Line.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, April 27th. The transportation company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. The firm had revenue of $754.10 million for the quarter, compared to the consensus estimate of $751.84 million. Old Dominion Freight Line had a net margin of 9.92% and a return on equity of 16.52%. Old Dominion Freight Line’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS.

A number of equities research analysts have commented on ODFL shares. BidaskClub raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Vertical Research reissued a “hold” rating and set a $83.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, April 13th. Zacks Investment Research raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Cowen and Company increased their price objective on shares of Old Dominion Freight Line from $88.00 to $92.00 and gave the stock a “market perform” rating in a report on Thursday, April 27th. Finally, Bank of America Corporation raised shares of Old Dominion Freight Line from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $83.00 to $96.00 in a report on Tuesday, June 6th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Old Dominion Freight Line presently has a consensus rating of “Buy” and a consensus price target of $94.63.

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Shares of Old Dominion Freight Line (NASDAQ:ODFL) opened at 91.44 on Friday. Old Dominion Freight Line has a 12 month low of $56.74 and a 12 month high of $96.46. The company has a 50-day moving average of $89.27 and a 200 day moving average of $88.15. The company has a market capitalization of $7.54 billion, a P/E ratio of 25.10 and a beta of 1.05.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. Old Dominion Freight Line’s dividend payout ratio is currently 10.99%.

Several institutional investors have recently modified their holdings of ODFL. M&T Bank Corp boosted its position in shares of Old Dominion Freight Line by 0.3% in the first quarter. M&T Bank Corp now owns 5,284 shares of the transportation company’s stock valued at $453,000 after buying an additional 14 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Old Dominion Freight Line by 1.9% in the first quarter. IFP Advisors Inc now owns 1,839 shares of the transportation company’s stock valued at $157,000 after buying an additional 34 shares in the last quarter. Pier Capital LLC boosted its position in shares of Old Dominion Freight Line by 0.6% in the first quarter. Pier Capital LLC now owns 5,959 shares of the transportation company’s stock valued at $510,000 after buying an additional 34 shares in the last quarter. Atria Investments LLC boosted its position in shares of Old Dominion Freight Line by 2.6% in the first quarter. Atria Investments LLC now owns 2,772 shares of the transportation company’s stock valued at $237,000 after buying an additional 69 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Old Dominion Freight Line by 2.3% in the first quarter. Fisher Asset Management LLC now owns 5,877 shares of the transportation company’s stock valued at $503,000 after buying an additional 130 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

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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