Old Dominion Freight Line, Inc. (NASDAQ:ODFL) – Equities researchers at KeyCorp increased their FY2018 EPS estimates for Old Dominion Freight Line in a research report issued on Thursday. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $4.50 per share for the year, up from their previous forecast of $4.45.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Vertical Research reissued a “hold” rating and set a $83.00 target price on shares of Old Dominion Freight Line in a research report on Thursday, April 13th. Cowen and Company increased their price target on 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. BidaskClub upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Bank of America Corporation upgraded Old Dominion Freight Line from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $83.00 to $96.00 in a report on Tuesday, June 6th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Old Dominion Freight Line presently has a consensus rating of “Buy” and a consensus price target of $96.78.

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Shares of Old Dominion Freight Line (NASDAQ ODFL) opened at 99.99 on Monday. The company has a market capitalization of $8.24 billion, a P/E ratio of 27.45 and a beta of 1.08. Old Dominion Freight Line has a 12-month low of $64.16 and a 12-month high of $100.39. The company’s 50 day moving average is $90.60 and its 200 day moving average is $88.34.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SRS Capital Advisors Inc. increased its position in shares of Old Dominion Freight Line by 18.1% in the first quarter. SRS Capital Advisors Inc. now owns 1,308 shares of the transportation company’s stock valued at $111,000 after buying an additional 200 shares in the last quarter. IFP Advisors Inc increased 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. Private Advisor Group LLC bought a new position in shares of Old Dominion Freight Line during the first quarter valued at approximately $166,000. Atria Investments LLC increased 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, Canal Capital Management LLC bought a new position in shares of Old Dominion Freight Line during the first quarter valued at approximately $254,000. Institutional investors and hedge funds own 74.66% of the company’s stock.

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

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.

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

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