Press coverage about Old Dominion Freight Line (NASDAQ:ODFL) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old Dominion Freight Line earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 47.2352074572141 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of equities research analysts have recently issued reports on the company. Buckingham Research upped their price objective on Old Dominion Freight Line from $105.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Citigroup Inc. upped their price objective on Old Dominion Freight Line from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and set a $111.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, October 26th. KeyCorp reiterated a “buy” rating and set a $115.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, October 12th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $119.00 price objective (up previously from $110.00) on shares of Old Dominion Freight Line in a research note on Thursday, October 12th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $108.23.
Old Dominion Freight Line (NASDAQ:ODFL) traded up $1.77 on Friday, reaching $119.09. The company had a trading volume of 332,500 shares, compared to its average volume of 456,574. Old Dominion Freight Line has a twelve month low of $80.56 and a twelve month high of $124.13. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02. The company has a market cap of $9,664.34, a PE ratio of 28.90, a PEG ratio of 1.72 and a beta of 1.20.
Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $855.85 million. During the same quarter in the prior year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. analysts predict that Old Dominion Freight Line will post 4.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Tuesday, December 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 9.85%.
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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.
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