Press coverage about Old Dominion Freight Line (NASDAQ:ODFL) has trended positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Old Dominion Freight Line earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 47.017626329107 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Old Dominion Freight Line, Inc. (ODFL) Raised to Hold at BidaskClub (americanbankingnews.com)
- Old Dominion Freight Line, Inc. – Value Analysis (NASDAQ:ODFL) : August 15, 2017 (finance.yahoo.com)
- Is Old Dominion Freight Line, Inc. (NASDAQ:ODFL) ready to Pivot? Share Update - FLBC News (flbcnews.com)
- Old Dominion Freight Line, Inc. breached its 50 day moving average in a Bullish Manner : ODFL-US : August 14, 2017 (finance.yahoo.com)
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
A number of brokerages have recently issued reports on ODFL. BidaskClub upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America Corporation upgraded Old Dominion Freight Line from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $83.00 to $96.00 in a report on Tuesday, June 6th. Stifel Nicolaus restated a “hold” rating and set a $91.00 price objective on shares of Old Dominion Freight Line in a report on Friday, July 14th. Zacks Investment Research cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Cowen and Company boosted their price objective on Old Dominion Freight Line from $88.00 to $92.00 and gave the stock a “market perform” rating in a report on Thursday, April 27th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Old Dominion Freight Line has an average rating of “Hold” and a consensus target price of $97.67.
Shares of Old Dominion Freight Line (ODFL) traded down 0.74% during midday trading on Wednesday, hitting $96.88. The company had a trading volume of 585,957 shares. The company’s 50-day moving average price is $97.21 and its 200 day moving average price is $90.67. Old Dominion Freight Line has a 12-month low of $66.33 and a 12-month high of $103.51. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 25.09 and a beta of 1.08.
Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data 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 business had revenue of $839.90 million during the quarter, compared to analyst estimates of $824.68 million. During the same period in the previous year, the business earned $0.98 EPS. Old Dominion Freight Line’s revenue was up 11.2% compared to the same quarter last year. Equities research analysts predict that Old Dominion Freight Line will post $4.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. Old Dominion Freight Line’s dividend payout ratio is 10.39%.
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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.
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