Sidoti Csr Has Strong Estimate for ODP FY2025 Earnings

The ODP Corporation (NASDAQ:ODP) – Investment analysts at Sidoti Csr raised their FY2025 earnings per share estimates for shares of ODP in a research note issued on Thursday, November 6th. Sidoti Csr analyst G. Burns now expects that the specialty retailer will earn $3.21 per share for the year, up from their prior estimate of $2.93. The consensus estimate for ODP’s current full-year earnings is $3.26 per share.

ODP (NASDAQ:ODP) last issued its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.32. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. ODP had a return on equity of 11.22% and a net margin of 0.39%.ODP’s revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the business earned $1.75 earnings per share.

ODP has been the subject of several other reports. UBS Group boosted their target price on shares of ODP from $19.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d)” rating on shares of ODP in a research note on Wednesday, October 8th. Finally, Noble Financial cut ODP from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, September 23rd. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $28.00.

ODP Trading Up 0.1%

ODP opened at $27.87 on Monday. The stock has a market capitalization of $839.39 million, a price-to-earnings ratio of 42.23, a P/E/G ratio of 0.69 and a beta of 1.43. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.30. ODP has a twelve month low of $11.85 and a twelve month high of $28.83. The company has a 50-day simple moving average of $25.95 and a 200 day simple moving average of $20.70.

Hedge Funds Weigh In On ODP

A number of institutional investors and hedge funds have recently bought and sold shares of ODP. State of Alaska Department of Revenue acquired a new stake in shares of ODP during the third quarter valued at about $31,000. AlphaQuest LLC acquired a new position in shares of ODP in the first quarter valued at approximately $41,000. Headlands Technologies LLC bought a new position in ODP in the 1st quarter valued at approximately $47,000. Parallel Advisors LLC boosted its position in ODP by 3,033.3% during the 2nd quarter. Parallel Advisors LLC now owns 2,820 shares of the specialty retailer’s stock worth $51,000 after buying an additional 2,730 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in ODP by 35.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,611 shares of the specialty retailer’s stock worth $65,000 after acquiring an additional 954 shares during the last quarter. 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.