Old Dominion Freight Line Inc (NASDAQ: ODFL) Financial Overview and Analyst Ratings

Core Insights - Old Dominion Freight Line Inc is a prominent player in the freight and logistics sector, particularly known for its less-than-truckload (LTL) shipping services across North America [1] Financial Performance - The company reported a 5.7% year-over-year decline in revenue to $1.307 billion, which was better than the expected $1.298 billion, primarily due to a 10.7% reduction in LTL tons per day [2] - Earnings per share (EPS) were reported at $1.09, reflecting an 11.4% decrease year-over-year, yet still surpassing the Street estimate of $1.06, indicating resilience in profitability [3] Stock Performance and Analyst Ratings - Following the earnings announcement, Old Dominion's shares decreased by 6% to $196.00 in pre-market trading, with Baird downgrading the stock from Neutral to Underperform and adjusting the price target from $166 to $204 [4] - Jefferies analyst maintained a Hold rating, revising the price target from $160 to $195 [4] - The stock has shown volatility, trading between $198 and $206.43, with a market capitalization of approximately $42.27 billion [5][6]