Noble Financial Forecasts ODP's Q1 Earnings (NASDAQ:ODP)

The ODP Co. (NASDAQ:ODP - Free Report) - Analysts at Noble Financial reduced their Q1 2025 earnings per share (EPS) estimates for ODP in a research report issued to clients and investors on Tuesday, March 4th. Noble Financial analyst J. Gomes now forecasts that the specialty retailer will post earnings of $0.58 per share for the quarter, down from their previous forecast of $1.35. The consensus estimate for ODP's current full-year earnings is $3.26 per share. Noble Financial also issued estimates for ODP's Q2 2025 earnings at $0.23 EPS and FY2025 earnings at $2.58 EPS.

Separately, StockNews.com cut ODP from a "buy" rating to a "hold" rating in a research report on Friday, February 28th.

ODP Stock Up 7.2 %

NASDAQ ODP traded up $1.20 on Thursday, hitting $17.81. The stock had a trading volume of 952,618 shares, compared to its average volume of 550,660. The business's fifty day moving average price is $20.84 and its 200 day moving average price is $25.69. The stock has a market cap of $531.04 million, a price-to-earnings ratio of -19.57, a price-to-earnings-growth ratio of 0.30 and a beta of 1.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. ODP has a 52-week low of $13.44 and a 52-week high of $53.56.

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ODP (NASDAQ:ODP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.14). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The firm had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.61 billion.

Hedge Funds Weigh In On ODP

Several hedge funds and other institutional investors have recently modified their holdings of ODP. Jane Street Group LLC grew its position in ODP by 31.1% during the 3rd quarter. Jane Street Group LLC now owns 192,184 shares of the specialty retailer's stock worth $5,717,000 after purchasing an additional 45,627 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ODP by 0.4% during the third quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer's stock valued at $24,219,000 after buying an additional 3,041 shares during the last quarter. Weiss Asset Management LP increased its position in shares of ODP by 2,219.3% in the 3rd quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer's stock valued at $16,992,000 after acquiring an additional 546,525 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ODP by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer's stock valued at $2,458,000 after acquiring an additional 790 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in ODP by 13.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 481,450 shares of the specialty retailer's stock worth $14,323,000 after acquiring an additional 58,062 shares during the period. 99.56% of the stock is owned by hedge funds and other institutional investors.

ODP Company Profile

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.