Headlines about Old Dominion Freight Line (NASDAQ:ODFL) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Old Dominion Freight Line earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 47.1095097193278 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Validea Motley Fool Strategy Daily Upgrade Report – 3/20/2018 – Nasdaq (nasdaq.com)
- Old Dominion Freight Line, Inc., (NASDAQ: ODFL) – Investor’s Roundup (Risk Factors in Focus) – Stock Watch (stocksnewstimes.com)
- Old Dominion Freight Line Chairman Receives Inaugural Diamond Legacy Award – PR Newswire (press release) (prnewswire.com)
A number of brokerages have issued reports on ODFL. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 target price (up from $111.00) on shares of Old Dominion Freight Line in a report on Wednesday, December 13th. Buckingham Research increased their target price on shares of Old Dominion Freight Line from $144.00 to $153.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Cowen reaffirmed a “market perform” rating and issued a $136.00 target price (up from $113.00) on shares of Old Dominion Freight Line in a report on Thursday, February 8th. Seaport Global Securities reaffirmed a “buy” rating on shares of Old Dominion Freight Line in a report on Tuesday, December 5th. Finally, KeyCorp increased their target price on shares of Old Dominion Freight Line from $125.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $129.58.
Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Thursday, February 8th. The transportation company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. The business had revenue of $891.12 million for the quarter, compared to analyst estimates of $879.00 million. Old Dominion Freight Line had a net margin of 13.81% and a return on equity of 17.37%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 earnings per share. sell-side analysts predict that Old Dominion Freight Line will post 6.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 5th. This represents a $0.52 dividend on an annualized basis and a yield of 0.35%. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.10. Old Dominion Freight Line’s dividend payout ratio (DPR) is 9.25%.
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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