Old Dominion Freight Line (ODFL) Earns Daily News Sentiment Rating of 0.25
News stories about Old Dominion Freight Line (NASDAQ:ODFL) have trended positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old Dominion Freight Line earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 47.017626329107 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Old Dominion Freight Line, Inc. (ODFL) Raised to Hold at BidaskClub (americanbankingnews.com)
- Old Dominion Freight Line, Inc. – Value Analysis (NASDAQ:ODFL) : August 15, 2017 (finance.yahoo.com)
- Is Old Dominion Freight Line, Inc. (NASDAQ:ODFL) ready to Pivot? Share Update – FLBC News (flbcnews.com)
- Old Dominion Freight Line, Inc. breached its 50 day moving average in a Bullish Manner : ODFL-US : August 14, 2017 (finance.yahoo.com)
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
Several research firms have weighed in on ODFL. Credit Suisse Group reissued an “outperform” rating and issued a $109.00 price target (up from $101.00) on shares of Old Dominion Freight Line in a research note on Thursday, July 13th. They noted that the move was a valuation call. Deutsche Bank AG downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating and lowered their price target for the stock from $108.00 to $98.00 in a research note on Monday, July 31st. BidaskClub raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Cowen and Company boosted their price target on shares of Old Dominion Freight Line from $88.00 to $92.00 and gave the stock a “market perform” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday, July 11th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $97.67.
Old Dominion Freight Line (NASDAQ:ODFL) traded down 0.74% during mid-day trading on Wednesday, reaching $96.88. 585,957 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $97.21 and a 200-day moving average price of $90.67. The stock has a market capitalization of $7.98 billion, a PE ratio of 25.09 and a beta of 1.08. Old Dominion Freight Line has a 12-month low of $66.33 and a 12-month high of $103.51.
Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.19 EPS for the quarter, beating 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 business had revenue of $839.90 million during the quarter, compared to analyst estimates of $824.68 million. During the same quarter last year, the business earned $0.98 earnings per share. Old Dominion Freight Line’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts expect that Old Dominion Freight Line will post $4.14 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.40 annualized dividend and a yield of 0.41%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 10.39%.
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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