Old Dominion Freight Line (ODFL) Projected to Post Earnings on Wednesday

Old Dominion Freight Line (NASDAQ:ODFL) will likely be releasing its Q1 2025 earnings data before the market opens on Wednesday, April 23rd. Analysts expect Old Dominion Freight Line to post earnings of $1.15 per share and revenue of $1.38 billion for the quarter.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, analysts expect Old Dominion Freight Line to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Old Dominion Freight Line Trading Down 2.5 %

ODFL opened at $149.87 on Tuesday. The stock has a market cap of $31.85 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line has a twelve month low of $145.79 and a twelve month high of $233.26. The company has a fifty day moving average of $169.72 and a 200-day moving average of $188.67.

Old Dominion Freight Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.28 dividend. The ex-dividend date was Wednesday, March 5th. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.75%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 20.44%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ODFL. Wells Fargo & Company lowered their target price on Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Susquehanna lowered their price objective on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a “neutral” rating for the company in a research note on Monday, March 31st. StockNews.com lowered shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th. Stifel Nicolaus decreased their price target on shares of Old Dominion Freight Line from $200.00 to $188.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Citigroup upgraded shares of Old Dominion Freight Line from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $186.00 to $183.00 in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $195.15.

Hedge Funds Weigh In On Old Dominion Freight Line

An institutional investor recently raised its position in Old Dominion Freight Line stock. Brighton Jones LLC grew its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,559 shares of the transportation company’s stock after purchasing an additional 79 shares during the quarter. Brighton Jones LLC’s holdings in Old Dominion Freight Line were worth $275,000 at the end of the most recent reporting 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.