What is Sidoti Csr’s Forecast for ODP FY2024 Earnings?

The ODP Co. (NASDAQ:ODP) – Research analysts at Sidoti Csr lowered their FY2024 earnings per share (EPS) estimates for shares of ODP in a note issued to investors on Thursday, November 7th. Sidoti Csr analyst G. Burns now forecasts that the specialty retailer will post earnings per share of $3.26 for the year, down from their prior forecast 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.

ODP (NASDAQ:ODP) last released its earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.89). The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.88 earnings per share.

ODP has been the topic of several other research reports. UBS Group reduced their price target on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday. StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a research report on Thursday.

ODP Trading Up 0.8 %

NASDAQ ODP opened at $27.95 on Monday. The company’s fifty day moving average price is $29.83 and its two-hundred day moving average price is $35.57. The company has a market capitalization of $841.85 million, a price-to-earnings ratio of -30.71, a price-to-earnings-growth 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.

Institutional Investors Weigh In On ODP

Institutional investors and hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund Corp grew its stake in ODP by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 29,114 shares of the specialty retailer’s stock worth $1,544,000 after buying an additional 375 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of ODP by 60.0% during the first quarter. Quantbot Technologies LP now owns 21,695 shares of the specialty retailer’s stock valued at $1,151,000 after acquiring an additional 8,135 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of ODP by 4.3% during the first quarter. Illinois Municipal Retirement Fund now owns 20,745 shares of the specialty retailer’s stock worth $1,101,000 after acquiring an additional 853 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of ODP in the 1st quarter worth about $218,000. Finally, Headlands Technologies LLC bought a new stake in ODP in the 1st quarter valued at about $221,000. 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.