Equities Analysts Issue Forecasts for ODP Q4 Earnings

The ODP Co. (NASDAQ:ODP - Free Report) - Sidoti Csr dropped their Q4 2024 earnings estimates for ODP in a report released on Thursday, November 7th. Sidoti Csr analyst G. Burns now anticipates that the specialty retailer will post earnings per share of $0.92 for the quarter, down from their prior estimate of $1.07. The consensus estimate for ODP's current full-year earnings is $3.45 per share. Sidoti Csr also issued estimates for ODP's Q2 2025 earnings at $0.65 EPS, Q1 2026 earnings at $1.53 EPS, Q2 2026 earnings at $0.80 EPS, Q3 2026 earnings at $1.68 EPS and FY2026 earnings at $5.11 EPS.

Other equities analysts have also issued reports about the stock. StockNews.com raised shares of ODP from a "hold" rating to a "buy" rating in a research report on Thursday. UBS Group reduced their target price on shares of ODP from $30.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday.

ODP Trading Up 0.8 %

Shares of NASDAQ:ODP traded up $0.22 during trading on Friday, hitting $27.95. The stock had a trading volume of 494,613 shares, compared to its average volume of 527,391. The stock has a 50-day simple moving average of $29.89 and a two-hundred day simple moving average of $35.95. ODP has a 12-month low of $23.69 and a 12-month high of $58.98. The company has a current ratio of 0.92, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28.

ODP (NASDAQ:ODP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.64). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.76 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business's revenue was down 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS.

Institutional Investors Weigh In On ODP

A number of hedge funds and other institutional investors have recently made changes to their positions in ODP. ProShare Advisors LLC increased its stake in shares of ODP by 5.7% in the 1st quarter. ProShare Advisors LLC now owns 6,462 shares of the specialty retailer's stock valued at $343,000 after purchasing an additional 348 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of ODP by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 29,114 shares of the specialty retailer's stock valued at $1,544,000 after buying an additional 375 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of ODP by 2.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,156 shares of the specialty retailer's stock worth $569,000 after buying an additional 394 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of ODP by 2.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 15,830 shares of the specialty retailer's stock valued at $622,000 after buying an additional 399 shares in the last quarter. Finally, CWM LLC grew its stake in ODP by 81.3% in the 2nd quarter. CWM LLC now owns 941 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 422 shares during the period. Institutional investors and hedge funds own 99.56% of the company's stock.

About ODP

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.