Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) - Research analysts at Zacks Research raised their Q2 2026 earnings per share estimates for Old Dominion Freight Line in a research report issued on Wednesday, November 13th. Zacks Research analyst M. Basu now anticipates 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.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its earnings results on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. Old Dominion Freight Line's quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share.
Several other equities analysts have also recently commented on ODFL. Evercore ISI reduced their target price on Old Dominion Freight Line from $199.00 to $188.00 and set an "in-line" rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company lowered their price target on shares of Old Dominion Freight Line from $170.00 to $160.00 and set an "underweight" rating for the company in a research note on Thursday, October 24th. BMO Capital Markets dropped their price objective on Old Dominion Freight Line from $210.00 to $205.00 and set a "market perform" rating for the company in a research note on Thursday, October 24th. Robert W. Baird cut their target price on Old Dominion Freight Line from $204.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Finally, Argus lowered shares of Old Dominion Freight Line from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Old Dominion Freight Line has an average rating of "Hold" and an average target price of $200.00.
Get Our Latest Stock Analysis on ODFL
Old Dominion Freight Line Stock Performance
Shares of Old Dominion Freight Line stock traded down $1.58 during trading hours on Monday, reaching $213.99. The company had a trading volume of 1,292,422 shares, compared to its average volume of 1,549,434. Old Dominion Freight Line has a one year low of $165.49 and a one year high of $233.26. The business has a fifty day simple moving average of $201.81 and a 200 day simple moving average of $191.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $45.69 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 4.51 and a beta of 0.99.
Institutional Investors Weigh In On Old Dominion Freight Line
Several large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Old Dominion Freight Line by 117.0% in the 1st 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 buying an additional 7,401,526 shares during the period. Capital Research Global Investors boosted its holdings in Old Dominion Freight Line by 59.0% in the first quarter. Capital Research Global Investors now owns 6,592,594 shares of the transportation company's stock valued at $1,445,822,000 after purchasing an additional 2,447,121 shares during the last quarter. Capital World Investors grew its holdings 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 worth $535,943,000 after acquiring an additional 1,228,116 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of Old Dominion Freight Line by 283.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,103,558 shares of the transportation company's stock valued at $242,021,000 after purchasing an additional 815,817 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Old Dominion Freight Line by 109.5% in the third quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company's stock valued at $285,094,000 after buying an additional 750,073 shares in the last quarter. Institutional investors own 77.82% of the company's stock.
Insiders Place Their Bets
In related news, Chairman David S. Congdon sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $195.17, for a total value of $1,951,700.00. Following the transaction, the chairman now owns 1,391,621 shares of the company's stock, valued at approximately $271,602,670.57. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leo H. Suggs sold 3,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the sale, the director now directly owns 7,383 shares of the company's stock, valued at $1,664,423.52. This represents a 28.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,975 shares of company stock valued at $10,062,478. 9.90% of the stock is owned by insiders.
Old Dominion Freight Line Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 annualized dividend and a yield of 0.49%. Old Dominion Freight Line's payout ratio is 18.18%.
About Old Dominion Freight Line
(
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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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