Analysts Offer Predictions for Old Dominion Freight Line, Inc.'s Q1 2025 Earnings (NASDAQ:ODFL)

Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) - Research analysts at Zacks Research increased their Q1 2025 EPS estimates for Old Dominion Freight Line in a report issued on Tuesday, May 14th. Zacks Research analyst M. Basu now anticipates that the transportation company will earn $1.54 per share for the quarter, up from their prior estimate of $1.45. The consensus estimate for Old Dominion Freight Line's current full-year earnings is $5.99 per share.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.01. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion.

ODFL has been the topic of several other research reports. Baird R W upgraded shares of Old Dominion Freight Line from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 8th. UBS Group upped their target price on Old Dominion Freight Line from $202.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, April 25th. Raymond James lifted their target price on Old Dominion Freight Line from $207.50 to $233.00 and gave the stock an "outperform" rating in a report on Monday, April 15th. TD Cowen cut their price target on Old Dominion Freight Line from $209.00 to $206.00 and set a "hold" rating on the stock in a report on Friday, April 26th. Finally, Evercore ISI lowered their price objective on shares of Old Dominion Freight Line from $241.00 to $225.00 and set an "outperform" rating for the company in a research note on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $209.08.

Old Dominion Freight Line Trading Up 0.5 %

Shares of Old Dominion Freight Line stock traded up $0.90 during trading on Friday, hitting $183.07. The company's stock had a trading volume of 2,175,227 shares, compared to its average volume of 1,482,162. The stock has a market cap of $39.78 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 2.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 2.29. Old Dominion Freight Line has a 52 week low of $147.90 and a 52 week high of $227.80. The stock has a 50-day moving average price of $210.24 and a two-hundred day moving average price of $204.82.

Hedge Funds Weigh In On Old Dominion Freight Line

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Old Dominion Freight Line by 100.9% in the 1st quarter. Vanguard Group Inc. now owns 21,795,649 shares of the transportation company's stock worth $4,780,004,000 after purchasing an additional 10,944,520 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Old Dominion Freight Line by 117.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,726,847 shares of the transportation company's stock worth $3,010,435,000 after acquiring an additional 7,401,526 shares during the period. Bank of New York Mellon Corp grew its stake in Old Dominion Freight Line by 94.6% in the 1st quarter. Bank of New York Mellon Corp now owns 5,940,385 shares of the transportation company's stock valued at $1,302,786,000 after purchasing an additional 2,888,205 shares during the period. Capital Research Global Investors raised its stake in shares of Old Dominion Freight Line by 59.0% during the 1st quarter. Capital Research Global Investors now owns 6,592,594 shares of the transportation company's stock worth $1,445,822,000 after purchasing an additional 2,447,121 shares during the period. Finally, Capital World Investors grew its position in Old Dominion Freight Line by 101.0% during the first quarter. Capital World Investors now owns 2,443,770 shares of the transportation company's stock valued at $535,943,000 after buying an additional 1,228,116 shares during the period. 77.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Old Dominion Freight Line news, Director John D. Kasarda sold 15,944 shares of Old Dominion Freight Line stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $221.08, for a total transaction of $3,524,819.80. Following the completion of the transaction, the director now owns 13,540 shares in the company, valued at approximately $2,993,355.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.90% of the stock is currently owned by company insiders.

Old Dominion Freight Line Company Profile

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.