The ODP Co. (NASDAQ:ODP) Expected to Announce Earnings of $1.00 Per Share

Wall Street brokerages forecast that The ODP Co. (NASDAQ:ODPGet Rating) will report earnings per share (EPS) of $1.00 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for ODP’s earnings. ODP reported earnings of $1.21 per share during the same quarter last year, which would suggest a negative year over year growth rate of 17.4%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that ODP will report full year earnings of $4.47 per share for the current financial year. For the next financial year, analysts expect that the business will report earnings of $4.69 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for ODP.

ODP (NASDAQ:ODPGet Rating) last released its quarterly earnings data on Wednesday, February 23rd. The specialty retailer reported $0.71 EPS for the quarter, topping the consensus estimate of $0.48 by $0.23. ODP had a positive return on equity of 12.91% and a negative net margin of 2.34%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company earned $0.55 EPS. ODP’s revenue for the quarter was down 2.1% on a year-over-year basis.

ODP has been the subject of a number of recent research reports. Colliers Securities initiated coverage on ODP in a research note on Friday, January 28th. They set a “buy” rating and a $57.00 price target for the company. StockNews.com upgraded ODP from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Zacks Investment Research upgraded ODP from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Thursday, March 31st.

In other news, CEO Gerry P. Smith sold 33,275 shares of the company’s stock in a transaction that occurred on Monday, January 24th. The stock was sold at an average price of $42.48, for a total transaction of $1,413,522.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John Gannfors sold 11,899 shares of the company’s stock in a transaction that occurred on Tuesday, March 22nd. The stock was sold at an average price of $46.42, for a total value of $552,351.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,592 shares of company stock valued at $2,164,684. 3.00% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new position in ODP in the 3rd quarter valued at $36,000. Gladius Capital Management LP bought a new position in ODP in the 4th quarter valued at $106,000. Royal Bank of Canada grew its position in ODP by 26.8% in the 2nd quarter. Royal Bank of Canada now owns 4,424 shares of the specialty retailer’s stock valued at $212,000 after acquiring an additional 935 shares during the last quarter. Janus Henderson Group PLC bought a new position in ODP in the 3rd quarter valued at $217,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in ODP by 42.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,446 shares of the specialty retailer’s stock valued at $292,000 after acquiring an additional 2,216 shares during the last quarter. Institutional investors own 87.60% of the company’s stock.

Shares of ODP stock traded up $0.83 during trading hours on Thursday, reaching $45.77. 3,286 shares of the stock traded hands, compared to its average volume of 382,853. The company has a 50 day moving average price of $44.60 and a 200 day moving average price of $42.54. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -11.01 and a beta of 1.91. ODP has a one year low of $34.71 and a one year high of $51.40. The company has a quick ratio of 0.68, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.

ODP Company Profile (Get Rating)

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses. The company operates in two divisions, Business Solutions and Retail. The Business Solutions division offers office supply products and services, cleaning and breakroom supplies, technology services, copy and print services, and office furniture products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, the U.S.

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