Old Dominion Freight Line (NASDAQ:ODFL) Earns Coverage Optimism Rating of 0.17
News coverage about Old Dominion Freight Line (NASDAQ:ODFL) has trended somewhat positive on Friday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Old Dominion Freight Line earned a news impact score of 0.17 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 46.3546659892136 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Old Dominion Freight Line, Inc. (ODFL) Position Decreased by Atlantic Trust Group, LLC Last Quarter – First News 24 (firstnewspaper24.com)
- Fiera Capital Corp Sells A Little More Old Dominion Freight Line, Inc. (ODFL) Stock Last Quarter – Modern Readers (modernreaders.com)
- Old Dominion Freight Line, Inc. (ODFL) Position Down in Latest Report from Fiera Capital Corp Last Quarter – Modern Readers (modernreaders.com)
- $854.04 Million in Sales Expected for Old Dominion Freight Line, Inc. (NASDAQ:ODFL) This Quarter (americanbankingnews.com)
- Old Dominion Freight Line Inc (famososartistas.com)
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Deutsche Bank AG downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating and cut their price target for the stock from $108.00 to $98.00 in a report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $91.00 price target on shares of Old Dominion Freight Line in a report on Friday, July 14th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $109.00 price target (up previously from $101.00) on shares of Old Dominion Freight Line in a report on Thursday, July 13th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Old Dominion Freight Line presently has a consensus rating of “Hold” and an average price target of $97.67.
Old Dominion Freight Line (NASDAQ ODFL) traded up 1.05% during trading on Friday, reaching $96.28. 378,644 shares of the company were exchanged. The firm’s 50-day moving average is $96.79 and its 200 day moving average is $90.51. Old Dominion Freight Line has a one year low of $66.33 and a one year high of $103.51. The company has a market capitalization of $7.93 billion, a P/E ratio of 24.94 and a beta of 1.08.
Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Thursday, July 27th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.09. Old Dominion Freight Line had a net margin of 10.19% and a return on equity of 16.87%. The company had revenue of $839.90 million during the quarter, compared to analyst estimates of $824.68 million. During the same period in the prior year, the firm posted $0.98 EPS. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts anticipate that Old Dominion Freight Line will post $4.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.40 annualized dividend and a yield of 0.42%. Old Dominion Freight Line’s payout ratio is 10.39%.
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Old Dominion Freight Line Company Profile
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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