Zacks Research Issues Negative Forecast for ODFL Earnings

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) – Equities research analysts at Zacks Research lowered their Q1 2025 earnings per share estimates for Old Dominion Freight Line in a research note issued to investors on Tuesday, February 25th. Zacks Research analyst M. Basu now forecasts that the transportation company will earn $1.17 per share for the quarter, down from their prior estimate of $1.21. The consensus estimate for Old Dominion Freight Line’s current full-year earnings is $5.68 per share. Zacks Research also issued estimates for Old Dominion Freight Line’s Q2 2025 earnings at $1.47 EPS, Q3 2025 earnings at $1.52 EPS, Q4 2025 earnings at $1.52 EPS, FY2025 earnings at $5.68 EPS, Q3 2026 earnings at $1.68 EPS, Q4 2026 earnings at $1.69 EPS and FY2027 earnings at $7.60 EPS.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company lowered their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group raised their target price on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Barclays decreased their target price on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group raised their target price on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Citigroup raised their target price on Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $203.72.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock opened at $174.77 on Thursday. The company has a market capitalization of $37.31 billion, a P/E ratio of 31.89, a P/E/G ratio of 2.89 and a beta of 1.05. The business’s 50 day moving average is $187.66 and its two-hundred day moving average is $197.33. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line has a 12-month low of $165.49 and a 12-month high of $233.26.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.28 dividend. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is presently 18.98%.

Institutional Investors Weigh In On Old Dominion Freight Line

A number of institutional investors and hedge funds have recently modified their holdings of ODFL. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $35,000. Itau Unibanco Holding S.A. boosted its position in shares of Old Dominion Freight Line by 518.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 192 shares during the period. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $41,000. RPg Family Wealth Advisory LLC purchased a new stake in Old Dominion Freight Line in the 3rd quarter worth about $45,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Old Dominion Freight Line in the 4th quarter worth about $51,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

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.