Old Dominion Freight Line (NASDAQ:ODFL) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Wednesday, December 4th will be paid a dividend of 0.17 per share by the transportation company on Wednesday, December 18th. This represents a $0.68 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Tuesday, December 3rd.
Old Dominion Freight Line stock opened at $191.59 on Monday. The stock has a 50-day moving average of $186.58 and a two-hundred day moving average of $163.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.03 and a current ratio of 2.03. Old Dominion Freight Line has a one year low of $115.00 and a one year high of $197.25. The stock has a market cap of $15.29 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 3.02 and a beta of 1.51.
Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.06). Old Dominion Freight Line had a net margin of 15.29% and a return on equity of 22.62%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business posted $2.12 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that Old Dominion Freight Line will post 7.73 EPS for the current fiscal year.
In other Old Dominion Freight Line news, Chairman Earl E. Congdon sold 23,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $181.94, for a total value of $4,275,590.00. Following the sale, the chairman now directly owns 10,854 shares of the company’s stock, valued at $1,974,776.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.90% of the stock is currently owned by company insiders.
Several brokerages recently weighed in on ODFL. KeyCorp reiterated an “overweight” rating on shares of Old Dominion Freight Line in a research report on Friday, October 25th. Citigroup set a $185.00 price target on Old Dominion Freight Line and gave the company a “hold” rating in a research report on Friday, October 25th. Argus lifted their price target on Old Dominion Freight Line to $205.00 and gave the company a “positive” rating in a research report on Tuesday, October 29th. Stifel Nicolaus cut Old Dominion Freight Line from a “hold” rating to a “sell” rating and lifted their price target for the company from $148.00 to $155.00 in a research report on Friday, October 25th. Finally, Morgan Stanley set a $146.00 price target on Old Dominion Freight Line and gave the company a “hold” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $167.33.
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 expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.
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