Zacks Research Has Bearish Estimate for ODFL Q3 Earnings

Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) - Equities researchers at Zacks Research lowered their Q3 2025 EPS estimates for Old Dominion Freight Line in a research note issued to investors on Wednesday, July 23rd. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings per share of $1.37 for the quarter, down from their previous estimate of $1.39. 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 FY2025 earnings at $5.18 EPS, Q2 2026 earnings at $1.71 EPS, FY2026 earnings at $6.11 EPS and FY2027 earnings at $7.43 EPS.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a net margin of 20.04% and a return on equity of 27.40%. The business's revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.34 earnings per share.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $190.00 to $200.00 in a research note on Monday, June 2nd. UBS Group decreased their price objective on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. 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. Raymond James Financial set a $185.00 price objective on shares of Old Dominion Freight Line and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Truist Financial lifted their price objective on shares of Old Dominion Freight Line from $175.00 to $180.00 and gave the company a "buy" rating in a research note on Monday, June 30th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $174.85.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL traded down $0.70 during mid-day trading on Thursday, reaching $167.09. The stock had a trading volume of 1,747,264 shares, compared to its average volume of 1,615,868. The stock has a 50-day simple moving average of $163.55 and a two-hundred day simple moving average of $169.60. The stock has a market capitalization of $35.31 billion, a PE ratio of 31.35, a P/E/G ratio of 3.37 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.32 and a quick ratio of 1.32. Old Dominion Freight Line has a 12 month low of $144.90 and a 12 month 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. Stockholders of record on Wednesday, September 3rd will be issued 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 dividend yield of 0.67%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 21.01%.

Hedge Funds Weigh In On Old Dominion Freight Line

Hedge funds have recently modified their holdings of the business. Larson Financial Group LLC lifted its holdings in Old Dominion Freight Line by 234.8% in the first quarter. Larson Financial Group LLC now owns 154 shares of the transportation company's stock valued at $25,000 after buying an additional 108 shares during the period. American National Bank & Trust acquired a new position in Old Dominion Freight Line in the first quarter valued at $30,000. Wayfinding Financial LLC acquired a new position in Old Dominion Freight Line in the first quarter valued at $39,000. Zions Bancorporation National Association UT acquired a new position in Old Dominion Freight Line in the first quarter valued at $39,000. Finally, Itau Unibanco Holding S.A. lifted its holdings in Old Dominion Freight Line by 518.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock valued at $40,000 after buying an additional 192 shares during the period. 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.