Equities research analysts expect that Old Dominion Freight Line, Inc. (NASDAQ:ODFL) will announce earnings per share of $1.09 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Old Dominion Freight Line’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.08. Old Dominion Freight Line reported earnings per share of $0.98 during the same quarter last year, which indicates a positive year-over-year growth rate of 11.2%. The firm is expected to report its next earnings report before the market opens on Thursday, July 27th.

On average, analysts expect that Old Dominion Freight Line will report full year earnings of $3.98 per share for the current fiscal year, with EPS estimates ranging from $3.90 to $4.12. For the next financial year, analysts forecast that the firm will post earnings of $4.58 per share, with EPS estimates ranging from $4.33 to $5.25. Zacks’ EPS averages are an average based on a survey of analysts that cover Old Dominion Freight Line.

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

A number of research analysts have recently commented on the company. BidaskClub upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Tuesday, July 11th. Stifel Nicolaus restated a “hold” rating and set a $91.00 price target on shares of Old Dominion Freight Line in a research note on Friday, July 14th. Vertical Research restated a “hold” rating and set a $83.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, April 13th. Finally, Cowen and Company lifted their target price on Old Dominion Freight Line from $88.00 to $92.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $96.78.

Several hedge funds and other institutional investors have recently modified their holdings of ODFL. First Quadrant L P CA boosted its position in Old Dominion Freight Line by 0.4% in the second quarter. First Quadrant L P CA now owns 33,490 shares of the transportation company’s stock valued at $3,190,000 after buying an additional 140 shares during the period. Aperio Group LLC boosted its position in Old Dominion Freight Line by 0.7% in the second quarter. Aperio Group LLC now owns 23,868 shares of the transportation company’s stock valued at $2,273,000 after buying an additional 157 shares during the period. Louisiana State Employees Retirement System boosted its position in Old Dominion Freight Line by 3.4% in the second quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the transportation company’s stock valued at $1,724,000 after buying an additional 600 shares during the period. LS Investment Advisors LLC boosted its position in Old Dominion Freight Line by 17.3% in the second quarter. LS Investment Advisors LLC now owns 6,365 shares of the transportation company’s stock valued at $606,000 after buying an additional 939 shares during the period. Finally, Canal Capital Management LLC boosted its position in Old Dominion Freight Line by 36.5% in the second quarter. Canal Capital Management LLC now owns 4,050 shares of the transportation company’s stock valued at $386,000 after buying an additional 1,082 shares during the period. Institutional investors own 74.66% of the company’s stock.

Shares of Old Dominion Freight Line (NASDAQ ODFL) opened at 98.31 on Wednesday. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 26.99 and a beta of 1.08. Old Dominion Freight Line has a 52 week low of $64.18 and a 52 week high of $100.61. The stock’s 50 day moving average price is $94.64 and its 200-day moving average price is $89.30.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, June 2nd. Old Dominion Freight Line’s dividend payout ratio is presently 10.99%.

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About Old Dominion Freight Line

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

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