Headlines about Old Dominion Freight Line (NASDAQ:ODFL) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Old Dominion Freight Line earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 46.6103646036428 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of NASDAQ ODFL opened at $149.18 on Wednesday. The stock has a market capitalization of $12.03 billion, a PE ratio of 34.22, a P/E/G ratio of 0.91 and a beta of 1.18. Old Dominion Freight Line has a 52-week low of $96.33 and a 52-week high of $164.10. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Thursday, September 6th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, September 5th. This represents a $0.52 dividend on an annualized basis and a yield of 0.35%. Old Dominion Freight Line’s payout ratio is presently 11.93%.

Old Dominion Freight Line declared that its board has authorized a share repurchase program on Thursday, May 17th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Several analysts have recently issued reports on the stock. BidaskClub lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Wednesday. Cowen lifted their target price on shares of Old Dominion Freight Line from $145.00 to $156.00 and gave the company a “market perform” rating in a research report on Friday, July 27th. ValuEngine lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. KeyCorp lifted their target price on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, July 2nd. Finally, Morgan Stanley lifted their target price on shares of Old Dominion Freight Line from $154.00 to $158.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $146.62.

About Old Dominion Freight Line

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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