Zacks Research Issues Optimistic Estimate for ODFL Earnings

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) – Equities research analysts at Zacks Research boosted their Q2 2026 earnings per share (EPS) estimates for Old Dominion Freight Line in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst M. Basu now anticipates that the transportation company will earn $1.84 per share for the quarter, up from their previous forecast of $1.75. The consensus estimate for Old Dominion Freight Line’s current full-year earnings is $5.43 per share.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm posted $1.54 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year.

Several other analysts have also recently commented on ODFL. Susquehanna reduced their target price on Old Dominion Freight Line from $225.00 to $218.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Citigroup upped their target price on Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. TD Cowen reduced their target price on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company reduced their target price on Old Dominion Freight Line from $170.00 to $160.00 and set an “underweight” rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird reduced their target price on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $200.00.

Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock opened at $215.57 on Monday. The business has a 50 day moving average of $201.32 and a 200-day moving average of $191.36. Old Dominion Freight Line has a 1 year low of $165.49 and a 1 year high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market capitalization of $46.02 billion, a P/E ratio of 37.69, a P/E/G ratio of 4.51 and a beta of 0.99.

Institutional Investors Weigh In On Old Dominion Freight Line

A number of institutional investors and hedge funds have recently bought and sold shares of ODFL. Ontario Teachers Pension Plan Board raised its position in Old Dominion Freight Line by 148.2% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 3,636 shares of the transportation company’s stock valued at $797,000 after buying an additional 2,171 shares during the last quarter. Jacobi Capital Management LLC increased its position in shares of Old Dominion Freight Line by 19.1% during the 1st quarter. Jacobi Capital Management LLC now owns 2,095 shares of the transportation company’s stock valued at $459,000 after purchasing an additional 336 shares during the last quarter. Covestor Ltd increased its position in shares of Old Dominion Freight Line by 124.6% during the 1st quarter. Covestor Ltd now owns 649 shares of the transportation company’s stock valued at $142,000 after purchasing an additional 360 shares during the last quarter. Bahl & Gaynor Inc. increased its position in shares of Old Dominion Freight Line by 74.3% during the 1st quarter. Bahl & Gaynor Inc. now owns 18,712 shares of the transportation company’s stock valued at $4,104,000 after purchasing an additional 7,974 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of Old Dominion Freight Line by 100.0% during the 1st quarter. Ameritas Investment Partners Inc. now owns 13,918 shares of the transportation company’s stock valued at $3,052,000 after purchasing an additional 6,959 shares during the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the sale, the director now directly owns 7,383 shares of the company’s stock, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman David S. Congdon sold 10,000 shares of the stock in a transaction on 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 completion of the sale, the chairman now directly owns 1,391,621 shares of the company’s stock, valued at $271,602,670.57. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,975 shares of company stock worth $10,062,478 in the last ninety days. Corporate insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Wednesday, December 4th. Old Dominion Freight Line’s dividend payout ratio is currently 18.18%.

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.