Zacks Research Has Negative Outlook for ODFL FY2026 Earnings

Key Points

• Zacks Research has revised its FY2026 earnings per share (EPS) estimate for Old Dominion Freight Line (NASDAQ:ODFL) down to $5.37, significantly lower than the previous estimate of $6.11.
• The company's latest quarterly results showed an EPS of $1.27, which missed analyst expectations of $1.29, and revenue of $1.41 billion, falling short of estimates.
• In general analyst sentiment appears mixed, with a consensus rating of "Hold" and a consensus price target of $167.62, while some analysts have issued conflicting ratings and price targets.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) - Research analysts at Zacks Research cut their FY2026 EPS estimates for Old Dominion Freight Line in a note issued to investors on Wednesday, August 20th. Zacks Research analyst Team now forecasts that the transportation company will post earnings per share of $5.37 for the year, down from their previous forecast of $6.11. 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 2027 earnings at $1.57 EPS and FY2027 earnings at $6.35 EPS.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.02). The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Old Dominion Freight Line had a net margin of 19.42% and a return on equity of 25.94%. The firm's quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 EPS.

Several other analysts have also commented on ODFL. Benchmark restated a "hold" rating and set a $102.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, June 12th. Wells Fargo & Company cut their target price on shares of Old Dominion Freight Line from $160.00 to $145.00 and set an "underweight" rating for the company in a research note on Thursday, July 31st. The Goldman Sachs Group raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $190.00 to $200.00 in a research note on Monday, June 2nd. Barclays set a $155.00 target price on shares of Old Dominion Freight Line and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Eight research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Old Dominion Freight Line has a consensus rating of "Hold" and a consensus price target of $167.62.

Old Dominion Freight Line Stock Up 6.3%

ODFL stock opened at $159.13 on Monday. The firm has a market cap of $33.44 billion, a PE ratio of 31.08, a P/E/G ratio of 3.69 and a beta of 1.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.38. The firm's fifty day moving average is $158.50 and its 200 day moving average is $164.29. Old Dominion Freight Line has a one year low of $140.91 and a one year high of $233.26.

Old Dominion Freight Line Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Old Dominion Freight Line's payout ratio is presently 21.88%.

Hedge Funds Weigh In On Old Dominion Freight Line

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lido Advisors LLC boosted its position in Old Dominion Freight Line by 3.2% during the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock worth $340,000 after acquiring an additional 59 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Old Dominion Freight Line by 1.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 4,531 shares of the transportation company's stock worth $799,000 after acquiring an additional 63 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Old Dominion Freight Line by 3.0% in the 4th quarter. Benjamin Edwards Inc. now owns 2,297 shares of the transportation company's stock valued at $405,000 after purchasing an additional 67 shares during the last quarter. Stephens Inc. AR boosted its holdings in Old Dominion Freight Line by 0.7% in the 2nd quarter. Stephens Inc. AR now owns 10,261 shares of the transportation company's stock valued at $1,665,000 after purchasing an additional 67 shares during the last quarter. Finally, YANKCOM Partnership boosted its holdings in Old Dominion Freight Line by 9.1% in the 2nd quarter. YANKCOM Partnership now owns 818 shares of the transportation company's stock valued at $133,000 after purchasing an additional 68 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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.

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