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

Old Dominion Freight Line (NASDAQ:ODFL) will likely be posting its quarterly earnings results 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. Parties that are interested in participating in the company’s conference call can do so using this link.

Old Dominion Freight Line Trading Down 0.6 %

ODFL stock opened at $185.61 on Monday. Old Dominion Freight Line has a 52 week low of $165.49 and a 52 week high of $233.26. The company has a market capitalization of $39.63 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 4.96 and a beta of 1.05. The company’s 50-day simple moving average is $193.53 and its 200 day simple moving average is $197.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

Analysts Set New Price Targets

ODFL has been the topic of a number of analyst reports. Argus lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Citigroup raised their price objective on Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Wells Fargo & Company cut their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. increased their target price on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, TD Cowen cut their price objective on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating for the company in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $202.44.

Insider Activity

In other news, Director Leo H. Suggs sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was 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 owns 7,383 shares of the company’s stock, valued at $1,664,423.52. This represents a 28.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 9.90% of the stock is owned by corporate insiders.

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.