KeyCorp analysts raise earnings estimates for Old Dominion Freight Line, Inc. (NASDAQ: ODFL)


Old Dominion, Inc. Freight Line (NASDAQ: ODFL – get rating) – KeyCorp analysts raised their fiscal 2022 earnings per share estimates for the Old Dominion Freight Line in a report released Wednesday, April 27. KeyCorp analyst T. Fowler now sees the transportation company posting earnings of $11.50 per share for the year, up from his previous estimate of $10.75. Old Dominion Freight Line (NASDAQ: ODFL – get rating) last announced its quarterly earnings data on Wednesday, April 27. The transportation company reported earnings per share of $2.60 for the quarter, beating the Zacks Consensus Estimate of $2.41 by $0.19. The business had revenue of $1.5 billion in the quarter, compared with analyst estimates of $1.46 billion. Old Dominion Freight Line had a net margin of 20.17% and a return on equity of 32.41%. The company’s revenue increased 32.9% year over year. During the same period last year, the business earned $1.70 EPS.

Several other equity research analysts have also recently issued reports on ODFL. Susquehanna raised his price target on shares of Old Dominion Freight Line from $275.00 to $285.00 in a research note on Thursday. UBS Group cut its price target on Old Dominion Freight Line shares from $365.00 to $330.00 and set a “neutral” rating on the stock in a report on Thursday, February 3. Raymond James lowered his price target on Old Dominion Freight Line stock from $365.00 to $305.00 and set an “outperform” rating on the stock in a report on Wednesday, April 20. Cowen increased his price target on Old Dominion Freight Line shares from $213.00 to $232.00 in a report on Thursday. Finally, Cowen increased the price target on Old Dominion Freight Line shares from $213.00 to $232.00 in a report on Thursday. One investment analyst rated the shares a sell rating, fourteen issued a hold rating and four assigned a buy rating to the company’s shares. According to data from MarketBeat.com, the stock currently has a “Hold” consensus rating and an average price target of $303.89.

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ODFL shares opened at $280.12 on Monday. The company has a 50-day moving average of $294.07 and a 200-day moving average of $319.23. The company has a current ratio of 2.21, a quick ratio of 2.98, and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $31.87 billion, a P/E ratio of 28.61, a PEG ratio of 1.53, and a beta of 1.03. Old Dominion Freight Line has a 12-month minimum of $245.56 and a 12-month maximum of $373.58.

Hedge funds have recently made changes to their positions in the business. CVA Family Office LLC acquired a new position in the Old Dominion Freight Line during the fourth quarter valued at approximately $29,000. Rise Advisors LLC purchased a new position in Old Dominion Freight Line during the fourth quarter valued at approximately $30,000. Carroll Financial Associates Inc. purchased a new position in the Old Dominion Freight Line during the fourth quarter valued at approximately $29,000. Ancora Advisors LLC purchased a new position in Old Dominion Freight Line during the third quarter valued at approximately $29,000. Finally, Pittenger & Anderson Inc. purchased a new position in the Old Dominion Freight Line during the fourth quarter valued at approximately $37,000. Institutional investors own 77.87% of the company’s shares.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 16. Shareholders of record on Wednesday, March 2 received a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a yield of 0.43%. The ex-dividend date was Tuesday, March 1. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.20. Old Dominion Freight Line’s Dividend Payout Ratio (DPR) is 12.26%.

About the Old Dominion Freight Line (get rating)

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. Provides regional, interregional, and domestic LTL services, including expedited transportation. The company also offers various value-added services such as container shipping, truck brokerage and supply chain consulting.

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