$919.88 Million in Sales Expected for Old Dominion Freight Line (ODFL) This Quarter

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.

Several research firms have weighed in on ODFL. Stifel Nicolaus restated a “hold” rating and issued a $134.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, January 18th. ValuEngine upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Bank of America upped their price target on Old Dominion Freight Line from $127.00 to $133.00 and gave the stock an “underperform” rating in a research note on Thursday, March 8th. Zacks Investment Research upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Thursday, April 12th. Finally, Goldman Sachs began coverage on Old Dominion Freight Line in a research note on Tuesday, April 10th. They issued a “neutral” rating and a $144.00 price target for the company. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $138.00.

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%.

COPYRIGHT VIOLATION WARNING: This story was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3371013/919-88-million-in-sales-expected-for-old-dominion-freight-line-odfl-this-quarter.html.

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.

Get a free copy of the Zacks research report on Old Dominion Freight Line (ODFL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Old Dominion Freight Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Flixxo  Price Hits $0.11 on Top Exchanges
Flixxo Price Hits $0.11 on Top Exchanges
CoreSite  Announces Quarterly Dividend of $1.03
CoreSite Announces Quarterly Dividend of $1.03
Lowe’s  Issues FY19 Earnings Guidance
Lowe’s Issues FY19 Earnings Guidance
Ship Finance International  Given Media Sentiment Rating of 0.15
Ship Finance International Given Media Sentiment Rating of 0.15
Insider Selling: East West Bancorp  CEO Sells 5,771 Shares of Stock
Insider Selling: East West Bancorp CEO Sells 5,771 Shares of Stock
iShares Core U.S. Credit Bond ETF  Earning Positive Media Coverage, Report Shows
iShares Core U.S. Credit Bond ETF Earning Positive Media Coverage, Report Shows


© 2006-2018 Ticker Report. Google+.