Simple Summary:The limited studies addressing the estimation of genetic parameters for ram semen traits in different breeds show a wide variation, highlighting the importance of studying these traits for individual breeds. Therefore, this work aimed to estimate genetic parameters for traits related to semen production and quality in five dairy sheep breeds. For that, ejaculates of rams from Assaf, Churra, Latxa Cara Negra, Latxa Cara Rubia, and Manchega breeds were analyzed. Estimates of the genetic covariance structure were obtained with multiple-trait animal models using the average information REML (restricted maximum likelihood) method in the BLUPF90 family of programs. Repeatability estimates for all the traits were also calculated. Heritability estimates were of low to moderate magnitude, although the estimates differed among the breeds. The estimated genetic correlations among the three semen traits showed adequate precision only in the Manchega (MAN) breed. The heritability estimates reported here suggest that improvement of these traits may be achieved by genetic selection.Abstract: This work aimed to estimate genetic parameters for traits related to semen production and quality in Spanish dairy sheep breeds. For that, ejaculates of rams from Assaf, Churra, Latxa Cara Negra, Latxa Cara Rubia, and Manchega breeds were analyzed to measure volume, semen concentration, and motility. Estimates of variance components were obtained with multiple-trait animal models using the average information REML method in the BLUPF90 family of programs. Repeatability estimates for all the traits were also calculated, with values ranging from 0.077 to 0.304 for the motility and the semen concentration traits, respectively. Heritability estimates were of low to moderate magnitude, ranging from 0.014 (motility in Latxa Cara Rubia) to 0.198 (volume in Churra), although the estimates differed among the breeds. The estimated genetic correlations among the three semen traits showed adequate precision only in the MAN breed. The heritability estimates for the semen traits reported in the present paper suggest an adequate response to selection. The practical extension of these results to the other breeds studied here will be secondary to the estimation of more reliable genetic correlations in these breeds.