News articles about Old Dominion Freight Line (NASDAQ:ODFL) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Old Dominion Freight Line earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 47.3486862810302 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

A number of analysts have recently issued reports on ODFL shares. Zacks Investment Research downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. ValuEngine downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Thursday, April 26th. BidaskClub upgraded Old Dominion Freight Line from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th. Argus assumed coverage on Old Dominion Freight Line in a research report on Wednesday, May 23rd. They issued a “buy” rating and a $175.00 target price for the company. Finally, KeyCorp boosted their target price on Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, July 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Old Dominion Freight Line has a consensus rating of “Hold” and a consensus price target of $146.62.

NASDAQ:ODFL opened at $144.26 on Tuesday. The company has a market capitalization of $12.02 billion, a P/E ratio of 33.09, a PEG ratio of 0.91 and a beta of 1.18. Old Dominion Freight Line has a 1-year low of $93.29 and a 1-year high of $164.10. The company has a quick ratio of 1.78, a current ratio of 1.77 and a debt-to-equity ratio of 0.02.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Thursday, July 26th. The transportation company reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.17. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Old Dominion Freight Line had a return on equity of 20.31% and a net margin of 15.37%. Old Dominion Freight Line’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS. equities analysts forecast that Old Dominion Freight Line will post 6.85 EPS for the current fiscal year.

Old Dominion Freight Line announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 17th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the transportation company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Thursday, September 6th will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, September 5th. This represents a $0.52 annualized dividend and a yield of 0.36%. Old Dominion Freight Line’s payout ratio is currently 11.93%.

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $148.44, for a total value of $118,752.00. Following the completion of the sale, the director now owns 5,679 shares in the company, valued at $842,990.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.00% of the company’s stock.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

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