Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) issued its earnings results on Wednesday. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01, Briefing.com reports. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. Old Dominion Freight Line had a net margin of 21.38% and a return on equity of 30.33%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.54 earnings per share.
Old Dominion Freight Line Stock Performance
Shares of ODFL opened at $193.26 on Friday. Old Dominion Freight Line has a one year low of $165.49 and a one year high of $227.80. The company has a market cap of $41.99 billion, a PE ratio of 32.87, a P/E/G ratio of 4.20 and a beta of 0.99. The stock has a 50-day moving average of $195.58 and a 200-day moving average of $190.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46.
Old Dominion Freight Line Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.54%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 17.82%.
Wall Street Analyst Weigh In
View Our Latest Research Report on Old Dominion Freight Line
Insiders Place Their Bets
In other news, Chairman David S. Congdon sold 29,975 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $201.30, for a total transaction of $6,033,967.50. Following the completion of the sale, the chairman now owns 1,401,621 shares in the company, valued at $282,146,307.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Chairman David S. Congdon sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $195.17, for a total value of $1,951,700.00. Following the sale, the chairman now owns 1,391,621 shares in the company, valued at $271,602,670.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman David S. Congdon sold 29,975 shares of Old Dominion Freight Line stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $201.30, for a total value of $6,033,967.50. Following the transaction, the chairman now owns 1,401,621 shares of the company’s stock, valued at $282,146,307.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Old Dominion Freight Line
- Business Services Stocks Investing
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- What is the NASDAQ Stock Exchange?
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- There Are Different Types of Stock To Invest In
- The Downtrend in UPS Stock Isn’t Over Yet
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.