$1.11 Earnings Per Share Expected for Old Dominion Freight Line (ODFL) This Quarter

Wall Street brokerages forecast that Old Dominion Freight Line (NASDAQ:ODFL) will report earnings of $1.11 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Old Dominion Freight Line’s earnings. The lowest EPS estimate is $1.05 and the highest is $1.19. Old Dominion Freight Line posted earnings per share of $0.83 in the same quarter last year, which suggests a positive year-over-year growth rate of 33.7%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, February 8th.

On average, analysts expect that Old Dominion Freight Line will report full-year earnings of $4.34 per share for the current year, with EPS estimates ranging from $4.29 to $4.42. For the next year, analysts anticipate that the business will post earnings of $5.37 per share, with EPS estimates ranging from $4.95 to $6.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $872.99 million for the quarter, compared to analyst estimates 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 previous year, the company earned $1.03 earnings per share.

Several equities analysts have commented on ODFL shares. Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research note on Saturday, January 6th. Citigroup boosted their price target on shares of Old Dominion Freight Line from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. KeyCorp boosted their price target on shares of Old Dominion Freight Line from $125.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 5th. Buckingham Research boosted their price target on shares of Old Dominion Freight Line from $105.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $111.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Old Dominion Freight Line presently has a consensus rating of “Hold” and an average target price of $116.92.

Old Dominion Freight Line (NASDAQ ODFL) opened at $147.97 on Friday. The company has a market cap of $12,190.00, a price-to-earnings ratio of 36.45 and a beta of 1.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44. Old Dominion Freight Line has a 12 month low of $80.56 and a 12 month high of $148.04.

Several hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in shares of Old Dominion Freight Line during the fourth quarter worth $604,000. Oakbrook Investments LLC acquired a new position in shares of Old Dominion Freight Line during the fourth quarter worth $329,000. Acadian Asset Management LLC acquired a new position in shares of Old Dominion Freight Line during the fourth quarter worth $4,898,000. Westpac Banking Corp acquired a new position in shares of Old Dominion Freight Line during the fourth quarter worth $523,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Old Dominion Freight Line during the fourth quarter worth $132,000. Hedge funds and other institutional investors own 72.40% of the company’s stock.

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

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