What is Zacks Research’s Estimate for ODFL Q2 Earnings?

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) – Analysts at Zacks Research increased their Q2 2026 earnings per share estimates for Old Dominion Freight Line in a report issued on Wednesday, November 13th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of $1.84 per share for the quarter, up from their previous estimate of $1.75. The consensus estimate for Old Dominion Freight Line’s current full-year earnings is $5.43 per share.

A number of other research analysts have also recently weighed in on ODFL. Stephens reissued an “overweight” rating and set a $214.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, September 5th. Wells Fargo & Company cut their price target on Old Dominion Freight Line from $170.00 to $160.00 and set an “underweight” rating for the company in a report on Thursday, October 24th. Barclays increased their price objective on Old Dominion Freight Line from $190.00 to $220.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group cut their target price on shares of Old Dominion Freight Line from $228.00 to $216.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating and decreased their price target for the stock from $209.00 to $197.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $200.00.

Old Dominion Freight Line Stock Performance

NASDAQ:ODFL opened at $213.99 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $45.69 billion, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 4.51 and a beta of 0.99. The firm has a 50-day moving average price of $201.81 and a two-hundred day moving average price of $191.58. Old Dominion Freight Line has a twelve month low of $165.49 and a twelve month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business posted $1.54 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis.

Institutional Investors Weigh In On Old Dominion Freight Line

Hedge funds have recently modified their holdings of the stock. Benjamin Edwards Inc. purchased a new stake in shares of Old Dominion Freight Line during the second quarter valued at approximately $25,000. Atwood & Palmer Inc. grew its holdings in Old Dominion Freight Line by 3,700.0% during the 2nd quarter. Atwood & Palmer Inc. now owns 152 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 148 shares in the last quarter. Crewe Advisors LLC acquired a new position in Old Dominion Freight Line in the 1st quarter worth $38,000. Versant Capital Management Inc boosted its position in Old Dominion Freight Line by 1,630.0% in the 2nd quarter. Versant Capital Management Inc now owns 173 shares of the transportation company’s stock valued at $31,000 after buying an additional 163 shares during the last quarter. Finally, LRI Investments LLC grew its stake in shares of Old Dominion Freight Line by 73.1% during the second quarter. LRI Investments LLC now owns 187 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 79 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Greg C. Gantt sold 7,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $200.07, for a total value of $1,400,490.00. Following the transaction, the director now owns 97,890 shares of the company’s stock, valued at approximately $19,584,852.30. This trade represents a 6.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leo H. Suggs sold 3,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $225.44, for a total transaction of $676,320.00. Following the sale, the director now directly owns 7,383 shares of the company’s stock, valued at approximately $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,975 shares of company stock valued at $10,062,478 in the last three months. Corporate insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.49%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 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.