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.
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.
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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