$876.77 Million in Sales Expected for Old Dominion Freight Line (ODFL) This Quarter

Analysts expect Old Dominion Freight Line (NASDAQ:ODFL) to report sales of $876.77 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Old Dominion Freight Line’s earnings, with estimates ranging from $856.00 million to $893.20 million. Old Dominion Freight Line reported sales of $745.74 million in the same quarter last year, which indicates a positive year over year growth rate of 17.6%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, February 8th.

According to Zacks, analysts expect that Old Dominion Freight Line will report full year sales of $876.77 million for the current fiscal year, with estimates ranging from $3.32 billion to $3.36 billion. For the next financial year, analysts anticipate that the business will post sales of $3.74 billion per share, with estimates ranging from $3.64 billion to $3.87 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Old Dominion Freight Line.

Several analysts recently commented on ODFL shares. Zacks Investment Research raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Saturday, January 6th. Citigroup raised their price objective on 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 raised their price objective on 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 raised their price objective on 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 reiterated a “hold” rating and set a $111.00 target price on shares of Old Dominion Freight Line in a report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $116.92.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new stake in Old Dominion Freight Line in the 3rd quarter valued at about $100,000. Salem Investment Counselors Inc. lifted its stake 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 purchasing an additional 1,050 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in Old Dominion Freight Line in the 3rd quarter valued at about $123,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Old Dominion Freight Line in the 4th quarter valued at about $132,000. Finally, FDx Advisors Inc. acquired a new stake in Old Dominion Freight Line in the 3rd quarter valued at about $204,000. Institutional investors own 73.00% of the company’s stock.

Shares of Old Dominion Freight Line (ODFL) opened at $140.39 on Wednesday. The company has a market capitalization of $11,570.00, a price-to-earnings ratio of 34.58 and a beta of 1.22. Old Dominion Freight Line has a 12 month low of $80.56 and a 12 month high of $150.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44.

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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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