Old Dominion Freight Line, Inc. (ODFL) Expected to Post Earnings of $1.09 Per Share

Wall Street analysts expect Old Dominion Freight Line, Inc. (NASDAQ:ODFL) to announce earnings per share (EPS) of $1.09 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Old Dominion Freight Line’s earnings, with the lowest EPS estimate coming in at $1.04 and the highest estimate coming in at $1.19. Old Dominion Freight Line reported earnings per share of $0.83 during the same quarter last year, which suggests a positive year-over-year growth rate of 31.3%. The business is expected to issue its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Old Dominion Freight Line will report full-year earnings of $4.30 per share for the current fiscal year, with EPS estimates ranging from $4.15 to $4.42. For the next fiscal year, analysts forecast that the firm will report earnings of $4.96 per share, with EPS estimates ranging from $4.75 to $5.20. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Old Dominion Freight Line.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.08. The business had revenue of $872.99 million during the quarter, compared to the consensus estimate of $855.85 million. Old Dominion Freight Line had a return on equity of 17.09% and a net margin of 10.43%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS.

Several research analysts have recently weighed in on ODFL shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $119.00 target price (up from $110.00) on shares of Old Dominion Freight Line in a research note on Thursday, October 12th. They noted that the move was a valuation call. Zacks Investment Research raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $111.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, October 26th. KeyCorp reissued a “buy” rating and issued a $115.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, October 12th. Finally, Deutsche Bank downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating and reduced their price objective for the company from $119.00 to $101.00 in a research note on Monday, December 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $113.08.

Shares of Old Dominion Freight Line (NASDAQ:ODFL) traded up $1.32 during mid-day trading on Friday, hitting $129.43. The stock had a trading volume of 668,277 shares, compared to its average volume of 733,454. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02. The firm has a market cap of $10,661.92, a P/E ratio of 31.88, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. Old Dominion Freight Line has a twelve month low of $80.56 and a twelve month high of $131.39.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date is Tuesday, December 5th. Old Dominion Freight Line’s payout ratio is currently 9.85%.

Large investors have recently modified their holdings of the business. Fieldpoint Private Securities LLC purchased a new stake in Old Dominion Freight Line in the 3rd quarter valued at $100,000. Salem Investment Counselors Inc. grew its holdings in Old Dominion Freight Line by 3,281.3% in the 3rd quarter. Salem Investment Counselors Inc. now owns 1,082 shares of the transportation company’s stock valued at $118,000 after buying an additional 1,050 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in Old Dominion Freight Line in the 3rd quarter valued at $123,000. Paradigm Asset Management Co. LLC purchased a new stake in Old Dominion Freight Line in the 2nd quarter valued at $157,000. Finally, FDx Advisors Inc. purchased a new stake in Old Dominion Freight Line in the 3rd quarter valued at $204,000. Institutional investors own 72.45% of the company’s stock.

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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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