Noble Financial Comments on ODP’s Q4 Earnings (NASDAQ:ODP)

The ODP Co. (NASDAQ:ODP) – Stock analysts at Noble Financial dropped their Q4 2024 earnings per share (EPS) estimates for ODP in a research report issued to clients and investors on Thursday, November 7th. Noble Financial analyst J. Gomes now forecasts that the specialty retailer will earn $0.68 per share for the quarter, down from their prior forecast of $1.30. The consensus estimate for ODP’s current full-year earnings is $3.26 per share. Noble Financial also issued estimates for ODP’s Q1 2025 earnings at $1.35 EPS, Q3 2025 earnings at $1.10 EPS, Q4 2025 earnings at $1.00 EPS and FY2025 earnings at $4.32 EPS.

A number of other research firms also recently issued reports on ODP. StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. UBS Group decreased their price objective on ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, November 7th.

ODP Price Performance

Shares of ODP stock opened at $25.27 on Monday. The company has a market cap of $761.08 million, a PE ratio of -27.77, a P/E/G ratio of 0.58 and a beta of 1.48. The business has a 50 day moving average of $29.66 and a 200 day moving average of $35.21. ODP has a 52 week low of $23.69 and a 52 week high of $58.98. The company has a quick ratio of 0.43, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

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

Hedge Funds Weigh In On ODP

Several institutional investors and hedge funds have recently modified their holdings of ODP. CWM LLC increased its holdings in shares of ODP by 81.3% during the second quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 422 shares in the last quarter. Quarry LP increased its holdings in shares of ODP by 170.3% during the second quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 688 shares in the last quarter. KBC Group NV increased its holdings in shares of ODP by 88.9% during the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 868 shares in the last quarter. Innealta Capital LLC bought a new position in shares of ODP during the second quarter valued at $68,000. Finally, Gladius Capital Management LP increased its holdings in shares of ODP by 227.8% during the second quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer’s stock valued at $86,000 after acquiring an additional 1,515 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors.

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.