Sidoti Csr Has Pessimistic Outlook of ODP Q4 Earnings

The ODP Co. (NASDAQ:ODP) – Analysts at Sidoti Csr decreased their Q4 2024 earnings per share estimates for shares of ODP in a research report issued on Thursday, November 7th. Sidoti Csr analyst G. Burns now expects that the specialty retailer will earn $0.92 per share for the quarter, down from their previous forecast 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 research analysts also recently issued research reports about the company. StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group dropped 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 %

ODP opened at $27.95 on Friday. ODP has a one year low of $23.69 and a one year high of $58.98. The company has a market cap of $938.56 million, a P/E ratio of -30.71, a PEG ratio of 0.57 and a beta of 1.48. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.92. The business’s 50-day simple moving average is $29.83 and its 200-day simple moving average is $35.80.

ODP (NASDAQ:ODP) last released its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.64). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The company’s revenue was down 10.0% compared to the same quarter last year.

Institutional Trading of ODP

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of ODP by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 3,982,531 shares of the specialty retailer’s stock valued at $211,273,000 after purchasing an additional 16,584 shares during the period. DME Capital Management LP lifted its position in ODP by 29.9% during the 2nd quarter. DME Capital Management LP now owns 2,222,470 shares of the specialty retailer’s stock worth $87,276,000 after acquiring an additional 511,890 shares during the period. American Century Companies Inc. lifted its position in ODP by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer’s stock worth $32,707,000 after acquiring an additional 136,730 shares during the period. Bridgeway Capital Management LLC lifted its position in ODP by 3.8% during the 1st quarter. Bridgeway Capital Management LLC now owns 337,447 shares of the specialty retailer’s stock worth $17,902,000 after acquiring an additional 12,262 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in ODP by 106.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 330,177 shares of the specialty retailer’s stock worth $12,966,000 after acquiring an additional 170,149 shares during the period. 99.56% of the stock is owned by institutional investors and hedge funds.

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.