Old Dominion Freight Line (ODFL) Given Daily Media Impact Score of 0.18
Headlines about Old Dominion Freight Line (NASDAQ:ODFL) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 46.176978863418 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- Morgan Stanley Boosts Old Dominion Freight Line, Inc. (ODFL) Price Target to $91.00 (americanbankingnews.com)
- $855.60 Million in Sales Expected for Old Dominion Freight Line, Inc. (ODFL) This Quarter (americanbankingnews.com)
- Old Dominion Freight Line, Inc. (ODFL) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- $1.16 Earnings Per Share Expected for Old Dominion Freight Line, Inc. (ODFL) This Quarter (americanbankingnews.com)
- Uncover the Technical data on Old Dominion Freight Line, Inc. (ODFL) – Wall Street Morning (wallstreetmorning.com)
Several research analysts have recently commented on ODFL shares. BidaskClub upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Cowen and Company restated a “hold” rating and set a $100.00 price objective on shares of Old Dominion Freight Line in a research report on Friday, September 1st. Buckingham Research started coverage on Old Dominion Freight Line in a research report on Monday, August 21st. They set a “neutral” rating and a $105.00 price objective for the company. Zacks Investment Research upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus restated a “hold” rating and set a $91.00 price objective on shares of Old Dominion Freight Line in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $99.64.
Old Dominion Freight Line (NASDAQ:ODFL) opened at 107.99 on Friday. Old Dominion Freight Line has a 52-week low of $68.82 and a 52-week high of $110.45. The company’s 50-day moving average price is $101.73 and its 200-day moving average price is $93.52. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 27.97 and a beta of 1.09.
Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Thursday, July 27th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.09. Old Dominion Freight Line had a return on equity of 16.87% and a net margin of 10.19%. The business had revenue of $839.90 million during the quarter, compared to analysts’ expectations of $824.68 million. During the same period in the prior year, the firm posted $0.98 EPS. Old Dominion Freight Line’s quarterly revenue was up 11.2% compared to the same quarter last year. Analysts predict that Old Dominion Freight Line will post $4.14 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a $0.10 dividend. The ex-dividend date was Friday, September 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Old Dominion Freight Line’s payout ratio is presently 10.39%.
In other news, Vice Chairman David S. Congdon sold 575 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $97.83, for a total value of $56,252.25. Following the completion of the transaction, the insider now directly owns 9,516 shares of the company’s stock, valued at approximately $930,950.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 12.00% of the company’s stock.
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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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