Wall Street brokerages expect Old Dominion Freight Line (NASDAQ:ODFL) to post sales of $919.88 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Old Dominion Freight Line’s earnings, with the lowest sales estimate coming in at $897.40 million and the highest estimate coming in at $931.20 million. Old Dominion Freight Line reported sales of $754.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 22%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, April 26th.
On average, analysts expect that Old Dominion Freight Line will report full-year sales of $3.89 billion for the current financial year, with estimates ranging from $3.84 billion to $3.96 billion. For the next financial year, analysts anticipate that the company will post sales of $4.22 billion per share, with estimates ranging from $4.13 billion to $4.37 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 posted its quarterly earnings results on Thursday, February 8th. The transportation company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.01. Old Dominion Freight Line had a return on equity of 17.37% and a net margin of 13.81%. The business had revenue of $891.12 million during the quarter, compared to the consensus estimate of $879.00 million. During the same period in the prior year, the company posted $0.83 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the company. Fieldpoint Private Securities LLC purchased a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $100,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Old Dominion Freight Line during the 4th quarter valued at $132,000. Captrust Financial Advisors purchased a new stake in Old Dominion Freight Line during the 4th quarter valued at $138,000. Telemus Capital LLC purchased a new stake in Old Dominion Freight Line during the 4th quarter valued at $207,000. Finally, Stephens Inc. AR purchased a new stake in Old Dominion Freight Line during the 4th quarter valued at $209,000. 76.41% of the stock is currently owned by institutional investors and hedge funds.
ODFL stock traded down $0.92 during midday trading on Monday, hitting $150.07. The company’s stock had a trading volume of 43,008 shares, compared to its average volume of 600,987. Old Dominion Freight Line has a 12 month low of $82.05 and a 12 month high of $152.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market capitalization of $12,315.07, a price-to-earnings ratio of 34.63, a PEG ratio of 1.05 and a beta of 1.18.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Tuesday, March 6th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.35%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, March 5th. Old Dominion Freight Line’s dividend payout ratio is 11.93%.
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About Old Dominion Freight Line
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 ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.
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