Old Dominion Freight Line (NASDAQ:ODFL) – Equities research analysts at KeyCorp boosted their FY2017 earnings per share estimates for Old Dominion Freight Line in a research report issued on Friday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings of $4.34 per share for the year, up from their prior forecast of $4.33. KeyCorp currently has a “Overweight” rating and a $138.00 price target on the stock.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research note on Tuesday, October 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 price target (up previously from $111.00) on shares of Old Dominion Freight Line in a research note on Wednesday, December 13th. Credit Suisse Group reiterated a “buy” rating and set a $142.00 price target (up previously from $128.00) on shares of Old Dominion Freight Line in a research note on Wednesday, December 6th. Seaport Global Securities reiterated a “buy” rating on shares of Old Dominion Freight Line in a research note on Tuesday, December 5th. Finally, Robert W. Baird reiterated a “hold” rating and set a $113.00 price target on shares of Old Dominion Freight Line in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $115.50.

Old Dominion Freight Line (NASDAQ:ODFL) opened at $142.58 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $11,745.17, a price-to-earnings ratio of 35.12 and a beta of 1.20. Old Dominion Freight Line has a 12 month low of $80.56 and a 12 month high of $142.74.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.08. The company 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 firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 EPS.

Institutional investors and hedge funds have recently modified their holdings of the stock. Allianz Asset Management GmbH purchased a new stake in Old Dominion Freight Line during the 3rd quarter worth about $1,877,000. Scout Investments Inc. lifted its holdings in Old Dominion Freight Line by 8.2% during the 3rd quarter. Scout Investments Inc. now owns 126,513 shares of the transportation company’s stock worth $13,930,000 after purchasing an additional 9,624 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Old Dominion Freight Line by 6.8% during the 3rd quarter. New York State Common Retirement Fund now owns 301,739 shares of the transportation company’s stock worth $33,224,000 after purchasing an additional 19,149 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Old Dominion Freight Line by 18.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 208,016 shares of the transportation company’s stock worth $22,905,000 after purchasing an additional 31,816 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Old Dominion Freight Line by 4.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 228,900 shares of the transportation company’s stock worth $25,205,000 after purchasing an additional 8,865 shares in the last quarter. 72.39% of the stock is currently owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.28%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 9.85%.

ILLEGAL ACTIVITY NOTICE: “Old Dominion Freight Line (ODFL) to Post FY2017 Earnings of $4.34 Per Share, KeyCorp Forecasts” was first published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/15/old-dominion-freight-line-odfl-to-post-fy2017-earnings-of-4-34-per-share-keycorp-forecasts.html.

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)

Receive News & Ratings for Old Dominion Freight Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line and related companies with MarketBeat.com's FREE daily email newsletter.