Old Dominion Freight Line (NASDAQ:ODFL) – Equities researchers at KeyCorp issued their Q1 2018 earnings estimates for shares of Old Dominion Freight Line in a research note issued to investors on Thursday. KeyCorp analyst T. Fowler anticipates that the transportation company will post earnings per share of $1.25 for the quarter. KeyCorp currently has a “Overweight” rating and a $138.00 price objective 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 released its earnings results on Thursday, February 8th. The transportation company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. Old Dominion Freight Line had a return on equity of 17.37% and a net margin of 13.81%. The firm had revenue of $891.12 million during the quarter, compared to analysts’ expectations of $879.00 million. During the same period in the prior year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis.

A number of other research analysts have also recently commented on ODFL. Buckingham Research increased their price target on Old Dominion Freight Line from $144.00 to $153.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Cowen reiterated a “market perform” rating and issued a $136.00 price target (up from $113.00) on shares of Old Dominion Freight Line in a research note on Thursday, February 8th. Stifel Nicolaus reiterated 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. ValuEngine cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Citigroup increased their price target on Old Dominion Freight Line from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $122.08.

Old Dominion Freight Line (NASDAQ:ODFL) opened at $135.60 on Monday. Old Dominion Freight Line has a 12 month low of $80.56 and a 12 month high of $150.31. The company has a market capitalization of $11,170.00, a price-to-earnings ratio of 24.09 and a beta of 1.22. The company has a quick ratio of 1.44, a current ratio of 1.67 and a debt-to-equity ratio of 0.02.

A number of large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in Old Dominion Freight Line by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,590 shares of the transportation company’s stock worth $534,000 after purchasing an additional 49 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Old Dominion Freight Line by 31.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,656 shares of the transportation company’s stock worth $218,000 after purchasing an additional 393 shares during the last quarter. Mesirow Financial Investment Management Equity Management raised its position in Old Dominion Freight Line by 2.7% during the 3rd quarter. Mesirow Financial Investment Management Equity Management now owns 15,995 shares of the transportation company’s stock worth $1,761,000 after purchasing an additional 425 shares during the last quarter. Canal Capital Management LLC raised its position in Old Dominion Freight Line by 0.9% during the 4th quarter. Canal Capital Management LLC now owns 50,066 shares of the transportation company’s stock worth $6,586,000 after purchasing an additional 440 shares during the last quarter. Finally, Waverton Investment Management Ltd raised its position in Old Dominion Freight Line by 3.7% during the 4th quarter. Waverton Investment Management Ltd now owns 12,416 shares of the transportation company’s stock worth $1,633,000 after purchasing an additional 447 shares during the last quarter. 72.04% of the stock is owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th will be given a dividend of $0.13 per share. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Monday, March 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 7.10%.

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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.

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

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