Analysts See $1.16 EPS for Old Dominion Freight Line (ODFL)

October 13, 2017 - By Clifton Ray

 Analysts See $1.16 EPS for Old Dominion Freight Line (ODFL)
Investors sentiment increased to 1.07 in Q2 2017. Its up 0.14, from 0.93 in 2017Q1. It increased, as 34 investors sold Old Dominion Freight Line shares while 93 reduced holdings. 39 funds opened positions while 97 raised stakes. 57.60 million shares or 1.57% less from 58.52 million shares in 2017Q1 were reported.
Liberty Mutual Group Asset Mgmt Inc reported 27,415 shares or 0.11% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) owns 2,351 shares or 0% of their US portfolio. Glenmede Na holds 0% of its portfolio in Old Dominion Freight Line (NASDAQ:ODFL) for 4,408 shares. Royal Financial Bank Of Canada holds 229,457 shares or 0.01% of its portfolio. 147,592 are held by Nationwide Fund Advsr. Envestnet Asset Mgmt Incorporated has 0% invested in Old Dominion Freight Line (NASDAQ:ODFL). Lapides Asset Ltd Liability holds 1.52% of its portfolio in Old Dominion Freight Line (NASDAQ:ODFL) for 82,325 shares. Ameriprise Fincl reported 0.01% of its portfolio in Old Dominion Freight Line (NASDAQ:ODFL). 7,490 were reported by United Automobile Association. Sib Ltd Liability Corporation holds 11.08% or 150,354 shares. Winfield invested 0% of its portfolio in Old Dominion Freight Line (NASDAQ:ODFL). The Georgia-based Advisory Network Ltd has invested 0% in Old Dominion Freight Line (NASDAQ:ODFL). Prudential holds 0.02% of its portfolio in Old Dominion Freight Line (NASDAQ:ODFL) for 159,872 shares. Evercore Wealth Management Limited Company reported 0% of its portfolio in Old Dominion Freight Line (NASDAQ:ODFL). Bridges Counsel Inc invested 0.06% of its portfolio in Old Dominion Freight Line (NASDAQ:ODFL).

Analysts await Old Dominion Freight Line (NASDAQ:ODFL) to report earnings on October, 26. They expect $1.16 EPS, up 12.62 % or $0.13 from last year’s $1.03 per share. ODFL’s profit will be $95.53M for 23.58 P/E if the $1.16 EPS becomes a reality. After $1.19 actual EPS reported by Old Dominion Freight Line for the previous quarter, Wall Street now forecasts -2.52 % negative EPS growth. The stock increased 0.92% or $1 during the last trading session, reaching $109.41. About 678,732 shares traded or 44.50% up from the average. Old Dominion Freight Line (NASDAQ:ODFL) has risen 37.85% since October 13, 2016 and is uptrending. It has outperformed by 21.15% the S&P500.

Old Dominion Freight Line (NASDAQ:ODFL) Ratings Coverage

Among 11 analysts covering Old Dominion Freight Line (NASDAQ:ODFL), 2 have Buy rating, 1 Sell and 8 Hold. Therefore 18% are positive. Old Dominion Freight Line had 27 analyst reports since August 3, 2015 according to SRatingsIntel. On Wednesday, September 6 the stock rating was maintained by Stifel Nicolaus with “Hold”. Bank of America initiated the shares of ODFL in report on Friday, October 2 with “Buy” rating. The firm has “Market Perform” rating given on Friday, April 29 by Cowen & Co. The company was maintained on Thursday, July 27 by Stifel Nicolaus. RBC Capital Markets maintained it with “Outperform” rating and $83.0 target in Wednesday, September 23 report. As per Thursday, October 5, the company rating was maintained by Morgan Stanley. Deutsche Bank initiated the stock with “Buy” rating in Wednesday, November 2 report. The firm has “Neutral” rating given on Tuesday, June 6 by Bank of America. On Wednesday, October 7 the stock rating was downgraded by Citigroup to “Neutral”. The stock has “Hold” rating by Deutsche Bank on Monday, July 31.

Old Dominion Freight Line, Inc. is a union-free motor carrier providing regional, inter-regional and national less-than-truckload services. The company has market cap of $9.01 billion. 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. It has a 28.37 P/E ratio. In addition to its LTL services, the Company offers a range of other value-added services that include container drayage, truckload brokerage, supply chain consulting and warehousing.

More notable recent Old Dominion Freight Line (NASDAQ:ODFL) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Old Dominion Freight Line, EnPro Industries and Orbital ATK” on August 30, 2017, also Prnewswire.com with their article: “Old Dominion Scores Major League Baseball Partnership” published on April 06, 2017, Seekingalpha.com published: “Old Dominion Freight Line And Other LTL Performance To Date Bodes Well For …” on April 28, 2017. More interesting news about Old Dominion Freight Line (NASDAQ:ODFL) were released by: Seekingalpha.com and their article: “Old Dominion Freight Line’s (ODFL) Management on Q1 2017 Results – Earnings …” published on April 28, 2017 as well as Seekingalpha.com‘s news article titled: “Old Dominion Freight Line’s (ODFL) CEO David Congdon on Q2 2017 Results …” with publication date: July 28, 2017.

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