Wall Street analysts expect Old Dominion Freight Line (NASDAQ:ODFL) to post earnings per share of $2.14 for the current quarter, according to Zacks. Six analysts have issued estimates for Old Dominion Freight Line’s earnings, with the highest EPS estimate coming in at $2.19 and the lowest estimate coming in at $2.09. Old Dominion Freight Line posted earnings of $2.12 per share in the same quarter last year, which suggests a positive year over year growth rate of 0.9%. The firm is expected to announce its next earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Old Dominion Freight Line will report full-year earnings of $7.92 per share for the current financial year, with EPS estimates ranging from $7.78 to $8.10. For the next financial year, analysts expect that the company will post earnings of $8.55 per share, with EPS estimates ranging from $8.35 to $8.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Old Dominion Freight Line.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, July 25th. The transportation company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.05. Old Dominion Freight Line had a return on equity of 23.57% and a net margin of 15.48%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $1.99 EPS. Old Dominion Freight Line’s revenue for the quarter was up 2.6% compared to the same quarter last year.

Several brokerages have recently commented on ODFL. Credit Suisse Group boosted their price objective on Old Dominion Freight Line from $152.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. BidaskClub raised Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. ValuEngine raised Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. KeyCorp upped their target price on Old Dominion Freight Line from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Robert W. Baird set a $162.00 target price on Old Dominion Freight Line and gave the company a “hold” rating in a research note on Friday, July 26th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Old Dominion Freight Line currently has a consensus rating of “Hold” and a consensus price target of $152.08.

Shares of ODFL traded up $0.21 during trading hours on Friday, hitting $173.92. The stock had a trading volume of 224,293 shares, compared to its average volume of 490,479. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.92 and a quick ratio of 1.92. Old Dominion Freight Line has a 12 month low of $115.00 and a 12 month high of $176.22. The firm has a market capitalization of $13.90 billion, a PE ratio of 23.57, a PEG ratio of 2.50 and a beta of 1.50. The stock has a fifty day moving average price of $164.73 and a 200 day moving average price of $151.45.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 0.39%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 9.21%.

In related news, Chairman Earl E. Congdon sold 56,400 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.53, for a total value of $9,392,292.00. Following the transaction, the chairman now owns 10,854 shares of the company’s stock, valued at $1,807,516.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Gregory B. Plemmons sold 1,249 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $163.39, for a total value of $204,074.11. Following the completion of the transaction, the senior vice president now directly owns 5,714 shares in the company, valued at approximately $933,610.46. The disclosure for this sale can be found here. In the last three months, insiders sold 87,799 shares of company stock worth $14,586,493. 11.90% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Old Dominion Freight Line by 2.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 46,844 shares of the transportation company’s stock worth $6,992,000 after buying an additional 1,231 shares during the period. Atria Investments LLC lifted its holdings in Old Dominion Freight Line by 8.2% during the second quarter. Atria Investments LLC now owns 12,676 shares of the transportation company’s stock worth $2,145,000 after buying an additional 958 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Old Dominion Freight Line by 13.5% during the second quarter. Treasurer of the State of North Carolina now owns 29,800 shares of the transportation company’s stock worth $4,448,000 after buying an additional 3,550 shares during the period. BlackRock Inc. lifted its holdings in Old Dominion Freight Line by 0.3% during the second quarter. BlackRock Inc. now owns 6,297,799 shares of the transportation company’s stock worth $940,009,000 after buying an additional 21,585 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Old Dominion Freight Line by 5.0% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,812,633 shares of the transportation company’s stock worth $569,076,000 after buying an additional 182,449 shares during the period. 71.58% of the stock is currently owned by institutional investors.

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 expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.

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

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