Wall Street analysts expect Old Dominion Freight Line (NASDAQ:ODFL) to announce $901.84 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Old Dominion Freight Line’s earnings, with the highest sales estimate coming in at $915.20 million and the lowest estimate coming in at $882.71 million. Old Dominion Freight Line posted sales of $754.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 19.6%. The company is scheduled to report its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Old Dominion Freight Line will report full-year sales of $901.84 million for the current financial year, with estimates ranging from $3.78 billion to $3.92 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.15 billion per share, with estimates ranging from $4.01 billion to $4.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Old Dominion Freight Line.
Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Thursday, February 8th. The transportation company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.01. The company had revenue of $891.12 million for the quarter, compared to analyst estimates of $879.00 million. Old Dominion Freight Line had a return on equity of 17.37% and a net margin of 13.81%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share.
Institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new position in shares of Old Dominion Freight Line in the 3rd quarter valued at $100,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Old Dominion Freight Line during the 4th quarter worth about $132,000. Captrust Financial Advisors acquired a new position in Old Dominion Freight Line during the 4th quarter worth about $138,000. Salem Investment Counselors Inc. lifted its stake in Old Dominion Freight Line by 3,281.3% during the 3rd quarter. Salem Investment Counselors Inc. now owns 1,082 shares of the transportation company’s stock worth $118,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in Old Dominion Freight Line during the 3rd quarter worth about $123,000. 76.50% of the stock is currently owned by institutional investors and hedge funds.
Old Dominion Freight Line (NASDAQ:ODFL) traded down $1.96 during midday trading on Friday, reaching $138.84. The company’s stock had a trading volume of 352,690 shares, compared to its average volume of 631,418. The firm has a market capitalization of $11,492.27, a price-to-earnings ratio of 24.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.67 and a quick ratio of 1.44. Old Dominion Freight Line has a one year low of $80.56 and a one year high of $150.31.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Tuesday, March 6th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Monday, March 5th. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.10. Old Dominion Freight Line’s dividend payout ratio is 7.12%.
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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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