Old Dominion Freight Line (ODFL) Expected to Announce Quarterly Earnings on Wednesday

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

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping 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%. 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 Price Performance

Old Dominion Freight Line stock opened at $149.87 on Tuesday. The firm 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 debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s fifty day moving average price is $169.72 and its two-hundred day moving average price is $188.67. Old Dominion Freight Line has a one year low of $145.79 and a one year high of $233.26.

Old Dominion Freight Line Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.75%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 20.44%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ODFL shares. Bank of America reduced 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. Morgan Stanley set a $185.00 price target on shares of Old Dominion Freight Line in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Old Dominion Freight Line in a research note on Friday, March 7th. They issued a “buy” rating and a $236.00 price objective on the stock. Susquehanna cut their target price on 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. Finally, Stifel Nicolaus decreased their price target on Old Dominion Freight Line from $200.00 to $188.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $195.15.

Hedge Funds Weigh In On Old Dominion Freight Line

A hedge fund recently raised its stake in Old Dominion Freight Line stock. Brighton Jones LLC boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,559 shares of the transportation company’s stock after purchasing an additional 79 shares during the period. 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 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.