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

Old Dominion Freight Line (NASDAQ:ODFL) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.17 per share and revenue of $1.38 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Old Dominion Freight Line Trading Down 2.4 %

Old Dominion Freight Line stock opened at $189.99 on Wednesday. The company has a market cap of $40.56 billion, a price-to-earnings ratio of 33.22, a P/E/G ratio of 5.03 and a beta of 1.05. The firm has a 50-day moving average of $195.44 and a 200-day moving average of $198.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line has a one year low of $165.49 and a one year high of $233.26.

Insider Transactions at Old Dominion Freight Line

In related news, Director Leo H. Suggs sold 3,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the transaction, the director now owns 7,383 shares in the company, valued at $1,664,423.52. The trade was a 28.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ODFL. JPMorgan Chase & Co. boosted their price target on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Stephens restated an “overweight” rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research note on Wednesday, December 4th. Susquehanna reaffirmed a “neutral” rating and set a $195.00 price objective (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Robert W. Baird dropped their price objective on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $202.44.

About Old Dominion Freight Line

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.