Old Dominion Freight Line, Inc. (NASDAQ:ODFL) – KeyCorp upped their FY2017 earnings per share (EPS) estimates for shares of Old Dominion Freight Line in a research note issued on Tuesday. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings per share of $4.33 for the year, up from their previous forecast of $4.30. KeyCorp currently has a “Overweight” rating and a $138.00 target price on the stock. KeyCorp also issued estimates for Old Dominion Freight Line’s Q4 2017 earnings at $1.10 EPS, FY2018 earnings at $5.10 EPS and FY2019 earnings at $5.65 EPS.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.08. Old Dominion Freight Line had a net margin of 10.43% and a return on equity of 17.09%. The company had revenue of $872.99 million for the quarter, compared to analyst estimates of $855.85 million. During the same quarter in the prior year, the business posted $1.03 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the stock. Seaport Global Securities reaffirmed a “buy” rating on shares of Old Dominion Freight Line in a research report on Tuesday, December 5th. Cowen reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Old Dominion Freight Line in a research report on Friday, September 1st. BidaskClub downgraded shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Bank of America downgraded shares of Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $105.00 to $102.00 in a research report on Tuesday, October 10th. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $113.00 price objective on shares of Old Dominion Freight Line in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $112.00.

Shares of Old Dominion Freight Line (ODFL) opened at $130.50 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44. Old Dominion Freight Line has a fifty-two week low of $80.56 and a fifty-two week high of $131.39. The firm has a market cap of $10,678.39, a PE ratio of 31.93, a P/E/G ratio of 1.81 and a beta of 1.20.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Tuesday, December 5th. Old Dominion Freight Line’s dividend payout ratio is currently 9.85%.

Institutional investors have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC bought a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at approximately $100,000. Salem Investment Counselors Inc. grew its position in shares of Old Dominion Freight Line by 3,281.3% during the 3rd quarter. Salem Investment Counselors Inc. now owns 1,082 shares of the transportation company’s stock valued at $118,000 after acquiring an additional 1,050 shares during the period. Pinebridge Investments L.P. bought a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at approximately $123,000. Paradigm Asset Management Co. LLC bought a new position in shares of Old Dominion Freight Line during the 2nd quarter valued at approximately $157,000. Finally, IFP Advisors Inc grew its position in shares of Old Dominion Freight Line by 12.9% during the 2nd quarter. IFP Advisors Inc now owns 2,077 shares of the transportation company’s stock valued at $198,000 after acquiring an additional 238 shares during the period. 72.45% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “KeyCorp Analysts Raise Earnings Estimates for Old Dominion Freight Line, Inc. (ODFL)” was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/12/09/keycorp-analysts-raise-earnings-estimates-for-old-dominion-freight-line-inc-odfl.html.

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.

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

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