Headlines about Old Dominion Freight Line (NASDAQ:ODFL) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Old Dominion Freight Line earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 45.2599429498183 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Old Dominion Freight Line (ODFL) and its Rivals Critical Review (americanbankingnews.com)
- Old Dominion Freight Line, Inc. (ODFL) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Old Dominion Freight Line issues update (seekingalpha.com)
- Old Dominion Fght Line Sees Its Composite Rating Rise To 96 (finance.yahoo.com)
- Old Dominion Freight Line (ODFL) Provides Update for Q3 – StreetInsider.com (streetinsider.com)
Several equities research analysts have weighed in on the company. BidaskClub raised Old Dominion Freight Line from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $91.00 target price on shares of Old Dominion Freight Line in a research report on Friday, July 14th. Cowen and Company reaffirmed a “hold” rating and issued a $100.00 target price on shares of Old Dominion Freight Line in a research report on Friday, September 1st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $109.00 target price (up from $101.00) on shares of Old Dominion Freight Line in a research report on Thursday, July 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $99.20.
Old Dominion Freight Line (NASDAQ:ODFL) opened at 101.82 on Wednesday. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 26.37 and a beta of 1.07. The stock’s 50 day moving average price is $97.31 and its 200-day moving average price is $91.59. Old Dominion Freight Line has a one year low of $66.33 and a one year high of $103.51.
Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.09. Old Dominion Freight Line had a return on equity of 16.87% and a net margin of 10.19%. The firm had revenue of $839.90 million during the quarter, compared to the consensus estimate of $824.68 million. During the same quarter in the previous year, the company posted $0.98 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts anticipate that Old Dominion Freight Line will post $4.14 earnings per share for the current fiscal 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 $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 0.39%. Old Dominion Freight Line’s payout ratio is 10.39%.
In other Old Dominion Freight Line news, Vice Chairman David S. Congdon sold 575 shares of Old Dominion Freight Line stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $97.83, for a total value of $56,252.25. Following the completion of the transaction, the insider now owns 9,516 shares in the company, valued at approximately $930,950.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 12.00% of the company’s stock.
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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