Sidoti Csr Weighs in on ODP’s FY2024 Earnings (NASDAQ:ODP)

The ODP Co. (NASDAQ:ODP) – Equities research analysts at Sidoti Csr cut their FY2024 EPS estimates for shares of ODP in a research report issued to clients and investors on Thursday, November 7th. Sidoti Csr analyst G. Burns now expects that the specialty retailer will post earnings of $3.26 per share for the year, down from their previous estimate of $4.30. The consensus estimate for ODP’s current full-year earnings is $3.26 per share. Sidoti Csr also issued estimates for ODP’s Q1 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.53 EPS, Q4 2025 earnings at $1.01 EPS and FY2025 earnings at $4.39 EPS.

Several other brokerages have also weighed in on ODP. StockNews.com raised ODP from a “hold” rating to a “buy” rating in a research report on Thursday. UBS Group cut their price objective on ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday.

ODP Trading Up 0.8 %

NASDAQ ODP opened at $27.95 on Monday. The company has a market cap of $841.85 million, a P/E ratio of -30.71, a P/E/G ratio of 0.58 and a beta of 1.48. ODP has a 12 month low of $23.69 and a 12 month high of $58.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.43. The company has a 50-day moving average of $29.83 and a 200-day moving average of $35.57.

ODP (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.89). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the firm earned $1.88 EPS. ODP’s revenue for the quarter was down 11.3% on a year-over-year basis.

Hedge Funds Weigh In On ODP

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC raised its position in ODP by 81.3% in the second quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 422 shares during the period. Quarry LP grew its stake in shares of ODP by 170.3% in the second quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock valued at $43,000 after buying an additional 688 shares in the last quarter. KBC Group NV raised its holdings in shares of ODP by 88.9% during the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 868 shares during the period. Innealta Capital LLC acquired a new position in ODP during the 2nd quarter worth approximately $68,000. Finally, Gladius Capital Management LP boosted its holdings in ODP by 227.8% in the 2nd quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer’s stock worth $86,000 after acquiring an additional 1,515 shares during the period. Institutional investors and hedge funds own 99.56% of the company’s stock.

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.