Zacks Research Brokers Raise Earnings Estimates for ODFL

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) – Equities research analysts at Zacks Research increased their Q1 2026 EPS estimates for shares of Old Dominion Freight Line in a research note issued on Tuesday, February 25th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings per share of $1.39 for the quarter, up from their prior forecast of $1.31. 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 2026 earnings at $1.94 EPS and FY2026 earnings at $6.69 EPS.

ODFL has been the topic of several other research reports. The Goldman Sachs Group raised their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Bank of America lowered their price objective on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Stephens reaffirmed an “overweight” rating and issued a $240.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Finally, Evercore ISI lifted their price objective on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an “in-line” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $203.72.

Old Dominion Freight Line Stock Up 1.0 %

Old Dominion Freight Line stock opened at $176.50 on Friday. The stock has a market cap of $37.68 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.89 and a beta of 1.05. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $187.56 and its two-hundred day moving average price is $197.25. Old Dominion Freight Line has a 52 week low of $165.49 and a 52 week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%.

Hedge Funds Weigh In On Old Dominion Freight Line

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in Old Dominion Freight Line by 18.8% during the third quarter. Allworth Financial LP now owns 1,427 shares of the transportation company’s stock worth $283,000 after buying an additional 226 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in Old Dominion Freight Line during the 3rd quarter worth about $514,000. abrdn plc lifted its position in Old Dominion Freight Line by 15.8% during the 3rd quarter. abrdn plc now owns 61,078 shares of the transportation company’s stock worth $12,104,000 after buying an additional 8,329 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in Old Dominion Freight Line by 16.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,706 shares of the transportation company’s stock worth $1,133,000 after buying an additional 806 shares in the last quarter. Finally, Financial Advocates Investment Management raised its holdings in Old Dominion Freight Line by 5.8% during the 3rd quarter. Financial Advocates Investment Management now owns 2,396 shares of the transportation company’s stock worth $476,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s payout ratio is 18.98%.

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.