Old Dominion Freight Line (ODFL) Projected to Announce Quarterly Earnings on Wednesday

Old Dominion Freight Line (NASDAQ:ODFL) is expected to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect Old Dominion Freight Line to post earnings of $1.17 per share and revenue of $1.38 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Old Dominion Freight Line Stock Down 1.9 %

Old Dominion Freight Line stock opened at $182.05 on Tuesday. The company’s 50-day moving average price is $192.67 and its two-hundred day moving average price is $197.81. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a market cap of $38.87 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 4.95 and a beta of 1.05. Old Dominion Freight Line has a 52 week low of $165.49 and a 52 week high of $233.26.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ODFL. Wells Fargo & Company lowered their price objective on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Argus lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Susquehanna reissued a “neutral” rating and issued a $195.00 target price (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus boosted their target price on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $202.44.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the transaction, the director now directly owns 7,383 shares of the company’s stock, valued at approximately $1,664,423.52. The trade was a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.