Old Dominion Freight Line (NASDAQ:ODFL) issued its earnings results on Thursday. The transportation company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.22, MarketWatch Earnings reports. Old Dominion Freight Line had a return on equity of 19.66% and a net margin of 14.95%. The business had revenue of $896.21 million during the quarter, compared to analysts’ expectations of $899.18 million. During the same quarter in the prior year, the firm earned $2.16 EPS. The business’s revenue for the quarter was down 15.5% compared to the same quarter last year.
Shares of Old Dominion Freight Line stock opened at $182.82 on Friday. The stock’s 50-day moving average is $172.85 and its 200 day moving average is $173.48. The firm has a market cap of $21.56 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 5.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.96 and a quick ratio of 1.94. Old Dominion Freight Line has a one year low of $104.61 and a one year high of $190.13.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.33%. Old Dominion Freight Line’s payout ratio is 11.74%.
Several equities research analysts have recently weighed in on ODFL shares. Deutsche Bank increased their price target on Old Dominion Freight Line from $125.00 to $133.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Credit Suisse Group increased their price target on Old Dominion Freight Line from $166.00 to $187.00 and gave the company a “neutral” rating in a research note on Friday. Bank of America cut Old Dominion Freight Line from a “neutral” rating to an “underperform” rating in a research note on Sunday, April 19th. Morgan Stanley increased their price target on Old Dominion Freight Line from $145.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, BidaskClub cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Old Dominion Freight Line has a consensus rating of “Hold” and an average target price of $150.36.
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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