Old Dominion Freight Line (NASDAQ:ODFL) – Analysts at KeyCorp raised their FY2017 earnings per share (EPS) estimates for shares of Old Dominion Freight Line in a report released on Friday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $4.34 for the year, up from their previous forecast of $4.33. KeyCorp currently has a “Overweight” rating and a $138.00 price objective on the stock.

A number of other research analysts also recently commented on the company. Zacks Investment Research raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research note on Saturday, January 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 price target (up previously from $111.00) on shares of Old Dominion Freight Line in a research note on Wednesday, December 13th. Seaport Global Securities reaffirmed a “buy” rating on shares of Old Dominion Freight Line in a research note on Tuesday, December 5th. Credit Suisse Group reaffirmed a “buy” rating and issued a $142.00 price target (up previously from $128.00) on shares of Old Dominion Freight Line in a research note on Wednesday, December 6th. Finally, Deutsche Bank cut Old Dominion Freight Line from a “hold” rating to a “sell” rating and decreased their target price for the company from $119.00 to $101.00 in a research report on Monday, December 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $115.50.

Old Dominion Freight Line (NASDAQ:ODFL) opened at $142.58 on Monday. The company has a market capitalization of $11,745.17, a PE ratio of 35.12 and a beta of 1.20. Old Dominion Freight Line has a 52 week low of $80.56 and a 52 week high of $142.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.08. The business had revenue of $872.99 million during the quarter, compared to the consensus estimate of $855.85 million. Old Dominion Freight Line had a return on equity of 17.09% and a net margin of 10.43%. Old Dominion Freight Line’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share.

Institutional investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH bought a new position in Old Dominion Freight Line in the third quarter valued at about $1,877,000. Scout Investments Inc. grew its position in Old Dominion Freight Line by 8.2% in the third quarter. Scout Investments Inc. now owns 126,513 shares of the transportation company’s stock valued at $13,930,000 after acquiring an additional 9,624 shares during the last quarter. New York State Common Retirement Fund grew its position in Old Dominion Freight Line by 6.8% in the third quarter. New York State Common Retirement Fund now owns 301,739 shares of the transportation company’s stock valued at $33,224,000 after acquiring an additional 19,149 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Old Dominion Freight Line by 18.1% during the third quarter. Daiwa Securities Group Inc. now owns 208,016 shares of the transportation company’s stock worth $22,905,000 after purchasing an additional 31,816 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Old Dominion Freight Line by 4.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 228,900 shares of the transportation company’s stock worth $25,205,000 after purchasing an additional 8,865 shares during the last quarter. Hedge funds and other institutional investors own 72.39% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Tuesday, December 5th. Old Dominion Freight Line’s dividend payout ratio is presently 9.85%.

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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.

Earnings History and Estimates for Old Dominion Freight Line (NASDAQ:ODFL)

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