Equities Analysts Issue Forecasts for ODFL Q3 Earnings

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) – Equities research analysts at Zacks Research boosted their Q3 2027 earnings estimates for shares of Old Dominion Freight Line in a research report issued on Tuesday, December 9th. Zacks Research analyst Team now anticipates that the transportation company will post earnings of $1.71 per share for the quarter, up from their previous forecast of $1.70. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Old Dominion Freight Line’s current full-year earnings is $5.68 per share.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Old Dominion Freight Line had a return on equity of 24.92% and a net margin of 18.97%.The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS.

A number of other research firms have also commented on ODFL. Morgan Stanley upgraded Old Dominion Freight Line from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $165.00 to $190.00 in a research note on Monday, December 8th. Evercore ISI decreased their target price on Old Dominion Freight Line from $143.00 to $139.00 and set an “in-line” rating on the stock in a research report on Thursday, October 30th. Rothschild Redb raised Old Dominion Freight Line to a “strong sell” rating in a report on Wednesday, November 26th. Barclays reduced their target price on Old Dominion Freight Line from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group lowered their price target on shares of Old Dominion Freight Line from $186.00 to $181.00 in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and an average target price of $154.48.

Old Dominion Freight Line Trading Up 0.4%

Old Dominion Freight Line stock opened at $159.49 on Friday. Old Dominion Freight Line has a one year low of $126.01 and a one year high of $209.61. The company’s fifty day moving average price is $139.81 and its two-hundred day moving average price is $149.58. The company has a market capitalization of $33.35 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 4.16 and a beta of 1.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.20.

Old Dominion Freight Line Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 3rd. Old Dominion Freight Line’s dividend payout ratio is currently 22.54%.

Institutional Investors Weigh In On Old Dominion Freight Line

A number of large investors have recently added to or reduced their stakes in ODFL. Vest Financial LLC raised its stake in Old Dominion Freight Line by 66.8% in the second quarter. Vest Financial LLC now owns 170,838 shares of the transportation company’s stock worth $27,727,000 after buying an additional 68,410 shares in the last quarter. Bridges Investment Management Inc. boosted its holdings in shares of Old Dominion Freight Line by 0.7% during the 2nd quarter. Bridges Investment Management Inc. now owns 688,961 shares of the transportation company’s stock valued at $111,818,000 after buying an additional 4,849 shares in the last quarter. Mariner Investment Group LLC purchased a new position in Old Dominion Freight Line during the 2nd quarter valued at about $933,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Old Dominion Freight Line by 12.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 31,959 shares of the transportation company’s stock valued at $5,195,000 after purchasing an additional 3,430 shares in the last quarter. Finally, Profund Advisors LLC lifted its holdings in shares of Old Dominion Freight Line by 14.6% during the second quarter. Profund Advisors LLC now owns 18,057 shares of the transportation company’s stock valued at $2,931,000 after purchasing an additional 2,296 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

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.