Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is reporting third quarter earnings results on Tuesday 27th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.53 per share.
For the full year, analysts predict revenues of $ 3964.02 million, while looking forward to income of $ 5.25 per share.
Previous Quarter Performance
Old Dominion Freight Line, Inc. recorded income for the second quarter of $ 1.25 per share, from the revenue of $ 896.21 million. The quarterly earnings down 13.19 percent while revenues decreased 15.51 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.07 per share from $ 897.39 million in revenue. The bottom line results beat street analysts by $ 0.18 or 16.82 percent, at the same time, top line results fell short of analysts by $ 1.18 million or 0.13 percent.
Stock Performance
Shares of Old Dominion Freight Line, Inc. traded up $ 4.46 or 2.27 percent on Friday, reaching $ 200.62 with volume of 642.70 thousand shares. Old Dominion Freight Line, Inc. has traded high as $ 200.96 and has cracked $ 196.92 on the downward trend
According to the previous trading day, closing price of $ 200.62, representing a 85.41 % increase from the 52 week low of $ 105.80 and a 5.44 % decrease over the 52 week high of $ 207.44.
The company has a market capital of $ 23.54 billion and is part of the Industrials sector and Trucking industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Bank of America at Underperform rating, with $ 174.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 190.00 target price.
- On 24th September 2020, initiated by Wells Fargo & Co at Equal-Weight rating.
- On 31st August 2020, maintained by Morgan Stanley at Overweight rating, with $ 185.00 target price.
Recent Stock Dividend Announcement
On October 23, 2020, the board of directors authorized quarterly dividend of $ 0.15 per share to holders of record as of the close of business on December 2, 2020, with payment date of December 16, 2020 and ex-dividend date on December 1, 2020.
On July 23, 2020, the board of directors authorized quarterly dividend of $ 0.15 per share to holders of record as of the close of business on September 2, 2020, with payment date of September 16, 2020 and ex-dividend date on September 1, 2020.
Conference Call
Old Dominion Freight Line, Inc. will be hosting a conference call at 10:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.odfl.com
Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation.
