News coverage about Old Dominion Freight Line (NASDAQ:ODFL) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Old Dominion Freight Line earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 47.0425546555003 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Old Dominion Freight Line (ODFL) to Post Q1 2018 Earnings of $1.28 Per Share, Seaport Global Securities Forecasts (americanbankingnews.com)
- Free Research Report as Old Dominion’s Q4 Results Outperformed Forecasts – Digital Journal (digitaljournal.com)
- Why You Shouldn’t Bet Against Old Dominion Freight Line (ODFL) Stock (msn.com)
- Why You Shouldn't Bet Against Old Dominion Freight Line (ODFL) Stock (finance.yahoo.com)
- Old Dominion Freight Line (ODFL) Expected to Post Quarterly Sales of $903.97 Million (americanbankingnews.com)
Old Dominion Freight Line (NASDAQ:ODFL) opened at $148.45 on Wednesday. Old Dominion Freight Line has a 1 year low of $80.56 and a 1 year high of $150.54. The company has a market cap of $12,182.36, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 1.04 and a beta of 1.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.67 and a current ratio of 1.67.
Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, February 8th. The transportation company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. Old Dominion Freight Line had a net margin of 13.81% and a return on equity of 17.37%. The company had revenue of $891.12 million for the quarter, compared to analysts’ expectations of $879.00 million. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Old Dominion Freight Line’s revenue for the quarter was up 19.5% on a year-over-year basis. equities research analysts anticipate that Old Dominion Freight Line will post 6.24 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, March 5th. This represents a $0.52 dividend on an annualized basis and a yield of 0.35%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.10. Old Dominion Freight Line’s dividend payout ratio is 9.25%.
Several analysts have issued reports on ODFL shares. Seaport Global Securities reaffirmed a “buy” rating on shares of Old Dominion Freight Line in a research report on Tuesday, December 5th. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 price target (up previously from $111.00) on shares of Old Dominion Freight Line in a report on Wednesday, December 13th. Credit Suisse Group reiterated a “buy” rating and set a $142.00 price target (up previously from $128.00) on shares of Old Dominion Freight Line in a report on Wednesday, December 6th. Zacks Investment Research upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a report on Saturday, January 6th. Finally, ValuEngine cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $129.58.
About Old Dominion Freight Line
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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