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

Old Dominion Freight Line (NASDAQ:ODFL) is expected to be releasing 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 interested in participating in the company’s conference call can do so using this link.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL opened at $182.05 on Tuesday. The company has a market capitalization of $38.87 billion, a P/E ratio of 31.83, a P/E/G ratio of 4.95 and a beta of 1.05. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line has a 52 week low of $165.49 and a 52 week high of $233.26. The stock’s fifty day moving average is $192.67 and its two-hundred day moving average is $197.81.

Insider Buying and Selling

In related news, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the transaction, the director now owns 7,383 shares in the company, valued at approximately $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on ODFL. TD Cowen dropped their price target on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating for the company in a research note on Thursday, October 24th. Citigroup boosted their target price 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. Stifel Nicolaus increased their price target on Old Dominion Freight Line from $176.00 to $193.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, Bank of America reduced their target price on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.