Old Dominion Freight Line (ODFL) Declares Quarterly Dividend of $0.13

Old Dominion Freight Line (NASDAQ:ODFL) announced a quarterly dividend on Thursday, May 17th, RTT News reports. Stockholders of record on Wednesday, June 6th will be paid a dividend of 0.13 per share by the transportation company on Wednesday, June 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.36%.

Shares of ODFL opened at $146.36 on Friday. Old Dominion Freight Line has a fifty-two week low of $144.80 and a fifty-two week high of $145.71. The company has a market capitalization of $11.97 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 0.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.78 and a quick ratio of 1.78.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Thursday, April 26th. The transportation company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.03. Old Dominion Freight Line had a net margin of 14.38% and a return on equity of 18.47%. The company had revenue of $925.02 million during the quarter, compared to analysts’ expectations of $925.83 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. Old Dominion Freight Line’s revenue for the quarter was up 22.7% compared to the same quarter last year. equities analysts expect that Old Dominion Freight Line will post 6.39 EPS for the current year.

A number of research firms recently commented on ODFL. BidaskClub cut shares of Old Dominion Freight Line from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 27th. Bank of America increased their target price on shares of Old Dominion Freight Line from $127.00 to $133.00 and gave the company an “underperform” rating in a research report on Thursday, March 8th. Goldman Sachs began coverage on shares of Old Dominion Freight Line in a research report on Tuesday, April 10th. They set a “neutral” rating and a $144.00 target price for the company. Zacks Investment Research cut shares of Old Dominion Freight Line from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 8th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $134.00 target price on shares of Old Dominion Freight Line in a research report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $138.75.

Old Dominion Freight Line Company Profile

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.

Dividend History for Old Dominion Freight Line (NASDAQ:ODFL)

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