Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) issued its quarterly earnings data on Wednesday. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03, Briefing.com reports. Old Dominion Freight Line had a return on equity of 30.33% and a net margin of 21.38%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $1.33 EPS. Old Dominion Freight Line’s quarterly revenue was up 6.1% on a year-over-year basis.
Old Dominion Freight Line Trading Down 1.0 %
Shares of ODFL traded down $2.06 during midday trading on Friday, hitting $203.64. The stock had a trading volume of 1,338,478 shares, compared to its average volume of 1,620,104. Old Dominion Freight Line has a fifty-two week low of $165.49 and a fifty-two week high of $227.80. The business has a 50-day simple moving average of $179.87 and a two-hundred day simple moving average of $198.72. The firm has a market cap of $44.25 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 2.58 and a beta of 1.00. The company has a current ratio of 1.46, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01.
Old Dominion Freight Line Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, September 4th. Old Dominion Freight Line’s payout ratio is 18.31%.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on ODFL
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.
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