Media headlines about Old Dominion Freight Line (NASDAQ:ODFL) have been trending positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Old Dominion Freight Line earned a media sentiment score of 0.35 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 49 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Old Dominion Freight Line, Inc. (ODFL) Position Decreased by Victory Capital Management Inc Last Quarter – First News 24 (firstnewspaper24.com)
- Landstar System (LSTR) vs. Old Dominion Freight Line (NASDAQ:ODFL) Head-To-Head Analysis (americanbankingnews.com)
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Experiences Heavier than Average Trading Volume – Modern Readers (modernreaders.com)
- Reviewing Old Dominion Freight Line (NASDAQ:ODFL) & Marten Transport (MRTN) (americanbankingnews.com)
- Old Dominion Freight Line (ODFL) Earns Daily Media Sentiment Rating of 0.19 (expressnewsline.com)
Shares of Old Dominion Freight Line (NASDAQ ODFL) traded up 0.32% during midday trading on Wednesday, hitting $97.06. 240,398 shares of the stock were exchanged. The firm’s 50-day moving average is $96.33 and its 200 day moving average is $90.19. Old Dominion Freight Line has a 52-week low of $66.33 and a 52-week high of $103.51. The firm has a market cap of $7.99 billion, a PE ratio of 25.14 and a beta of 1.08.
Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Thursday, July 27th. The transportation company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.09. Old Dominion Freight Line had a net margin of 10.19% and a return on equity of 16.87%. The firm had revenue of $839.90 million during the quarter, compared to analyst estimates of $824.68 million. During the same period last year, the firm posted $0.98 earnings per share. Old Dominion Freight Line’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, analysts forecast that Old Dominion Freight Line will post $4.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Friday, September 1st. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 10.39%.
Several equities analysts have recently weighed in on ODFL shares. Credit Suisse Group reiterated an “outperform” rating and issued a $109.00 target price (up previously from $101.00) on shares of Old Dominion Freight Line in a research note on Thursday, July 13th. They noted that the move was a valuation call. Deutsche Bank AG downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating and reduced their target price for the stock from $108.00 to $98.00 in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. BidaskClub raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Cowen and Company boosted their price objective on shares of Old Dominion Freight Line from $88.00 to $92.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $97.67.
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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