Old Dominion Freight Line to Post Q1 2018 Earnings of $1.25 Per Share, KeyCorp Forecasts (ODFL)

Old Dominion Freight Line (NASDAQ:ODFL) – Research analysts at KeyCorp issued their Q1 2018 earnings estimates for shares of Old Dominion Freight Line in a research report issued to clients and investors on Thursday. KeyCorp analyst T. Fowler expects that the transportation company will earn $1.25 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $138.00 target price on the stock. KeyCorp also issued estimates for Old Dominion Freight Line’s Q2 2018 earnings at $1.73 EPS, Q3 2018 earnings at $1.64 EPS, Q4 2018 earnings at $1.52 EPS, FY2018 earnings at $6.15 EPS and FY2019 earnings at $6.80 EPS.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Thursday, February 8th. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.01. Old Dominion Freight Line had a net margin of 13.81% and a return on equity of 17.37%. The company had revenue of $891.12 million for the quarter, compared to the consensus estimate of $879.00 million. During the same period last year, the company earned $0.83 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year.

A number of other research firms also recently issued reports on ODFL. Stifel Nicolaus reiterated a “hold” rating and issued a $134.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, January 18th. Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Saturday, January 6th. Cowen reiterated a “market perform” rating and issued a $136.00 price objective (up from $113.00) on shares of Old Dominion Freight Line in a report on Thursday. Buckingham Research lifted their price objective on shares of Old Dominion Freight Line from $144.00 to $153.00 and gave the company a “neutral” rating in a report on Friday. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Old Dominion Freight Line in a report on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $122.08.

Shares of Old Dominion Freight Line (NASDAQ ODFL) opened at $130.14 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.67 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a fifty-two week low of $80.56 and a fifty-two week high of $150.31. The stock has a market cap of $10,720.41, a P/E ratio of 23.16 and a beta of 1.22.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.40%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, March 5th. Old Dominion Freight Line’s payout ratio is presently 7.12%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Fieldpoint Private Securities LLC acquired a new position in Old Dominion Freight Line during the third quarter worth $100,000. Salem Investment Counselors Inc. increased its holdings in Old Dominion Freight Line by 3,281.3% during the third quarter. Salem Investment Counselors Inc. now owns 1,082 shares of the transportation company’s stock worth $118,000 after buying an additional 1,050 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in Old Dominion Freight Line during the third quarter worth $123,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Old Dominion Freight Line during the fourth quarter worth $132,000. Finally, FDx Advisors Inc. acquired a new position in Old Dominion Freight Line during the third quarter worth $204,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

WARNING: “Old Dominion Freight Line to Post Q1 2018 Earnings of $1.25 Per Share, KeyCorp Forecasts (ODFL)” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/12/old-dominion-freight-line-to-post-q1-2018-earnings-of-1-25-per-share-keycorp-forecasts-odfl.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.

Leave a Reply