Old Dominion Freight Line, Inc. (ODFL) Plans Quarterly Dividend of $0.10
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) declared a quarterly dividend on Monday, October 30th, RTT News reports. Investors of record on Wednesday, December 6th will be paid a dividend of 0.10 per share by the transportation company on Wednesday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%.
Old Dominion Freight Line (NASDAQ ODFL) opened at 120.61 on Tuesday. Old Dominion Freight Line has a 12 month low of $72.99 and a 12 month high of $124.13. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 31.24 and a beta of 1.09. The company’s 50-day moving average is $108.24 and its 200-day moving average is $97.00.
Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. Old Dominion Freight Line had a return on equity of 17.09% and a net margin of 10.43%. The business had revenue of $872.99 million during the quarter, compared to the consensus estimate of $855.85 million. During the same quarter last year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities research analysts anticipate that Old Dominion Freight Line will post $4.21 earnings per share for the current year.
Several equities research analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $111.00 price target on shares of Old Dominion Freight Line in a report on Thursday, October 26th. Buckingham Research increased their price objective on Old Dominion Freight Line from $105.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday. Zacks Investment Research cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Citigroup Inc. increased their price objective on Old Dominion Freight Line from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, BidaskClub upgraded Old Dominion Freight Line from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Old Dominion Freight Line presently has a consensus rating of “Hold” and a consensus price target of $108.23.
In related news, Vice Chairman David S. Congdon sold 575 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $97.83, for a total value of $56,252.25. Following the transaction, the insider now owns 9,516 shares in the company, valued at $930,950.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.00% of the stock is currently owned by company insiders.
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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