Old Dominion Freight Line (NASDAQ:ODFL) announced its quarterly earnings data on Thursday. The transportation company reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.03, MarketWatch Earnings reports. Old Dominion Freight Line had a net margin of 13.81% and a return on equity of 17.37%. The business had revenue of $925.02 million for the quarter, compared to analyst estimates of $925.83 million. During the same period in the prior year, the business posted $0.80 earnings per share. Old Dominion Freight Line’s revenue was up 22.7% compared to the same quarter last year.
ODFL opened at $132.93 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $11,721.43, a price-to-earnings ratio of 30.49, a PEG ratio of 0.99 and a beta of 1.18. Old Dominion Freight Line has a twelve month low of $82.50 and a twelve month high of $152.50.
Several equities analysts recently weighed in on ODFL shares. Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Saturday, January 6th. Robert W. Baird restated a “hold” rating and issued a $145.00 price objective on shares of Old Dominion Freight Line in a report on Tuesday, April 10th. Bank of America increased their price objective on shares of Old Dominion Freight Line from $127.00 to $133.00 and gave the company an “underperform” rating in a report on Thursday, March 8th. Stifel Nicolaus restated a “hold” rating and issued a $134.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, January 18th. Finally, Morgan Stanley restated an “overweight” rating and issued a $150.00 price objective (up from $99.00) on shares of Old Dominion Freight Line in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Old Dominion Freight Line currently has a consensus rating of “Hold” and a consensus target price of $138.00.
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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