Old Dominion Freight Line (NASDAQ:ODFL) posted its quarterly earnings data on Thursday. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.01, Morningstar.com reports. The business had revenue of $891.12 million during the quarter, compared to analyst estimates of $879.00 million. Old Dominion Freight Line had a return on equity of 17.09% and a net margin of 10.43%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS.
Shares of Old Dominion Freight Line (ODFL) traded down $2.64 during trading hours on Friday, hitting $129.07. The stock had a trading volume of 693,790 shares, compared to its average volume of 623,834. Old Dominion Freight Line has a twelve month low of $80.56 and a twelve month high of $150.31. The stock has a market cap of $11,698.21, a P/E ratio of 32.40 and a beta of 1.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Tuesday, March 6th will be issued a $0.13 dividend. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.40%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 9.85%.
Large investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new position in shares of Old Dominion Freight Line in the 3rd quarter valued at $100,000. Salem Investment Counselors Inc. increased its holdings in shares of Old Dominion Freight Line by 3,281.3% in the 3rd quarter. Salem Investment Counselors Inc. now owns 1,082 shares of the transportation company’s stock valued at $118,000 after acquiring an additional 1,050 shares during the period. Pinebridge Investments L.P. purchased a new position in shares of Old Dominion Freight Line in the 3rd quarter valued at $123,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $132,000. Finally, FDx Advisors Inc. purchased a new position in shares of Old Dominion Freight Line in the 3rd quarter valued at $204,000. Institutional investors and hedge funds own 73.00% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.com-unik.info/2018/02/09/old-dominion-freight-line-odfl-releases-quarterly-earnings-results-beats-expectations-by-0-01-eps.html.
About Old Dominion Freight Line
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.
Receive News & Ratings for Old Dominion Freight Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line and related companies with MarketBeat.com's FREE daily email newsletter.