Sidoti Csr Analysts Lower Earnings Estimates for ODP

The ODP Co. (NASDAQ:ODP) – Equities researchers at Sidoti Csr decreased their Q4 2024 earnings estimates for 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 per share of $0.92 for the quarter, down from their previous estimate 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.

A number of other analysts have also recently weighed in on the stock. StockNews.com raised shares of ODP from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group dropped their price objective on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday.

ODP Stock Performance

Shares of ODP opened at $27.95 on Friday. The stock has a market capitalization of $938.56 million, a PE ratio of -30.71, a price-to-earnings-growth ratio of 0.57 and a beta of 1.48. The business’s fifty day moving average price is $29.83 and its 200 day moving average price is $35.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.43. ODP has a 12-month low of $23.69 and a 12-month high of $58.98.

ODP (NASDAQ:ODP) last released 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). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the business earned $1.88 EPS. The company’s quarterly revenue was down 11.3% on a year-over-year basis.

Institutional Investors Weigh In On ODP

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings 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 worth $211,273,000 after acquiring an additional 16,584 shares during the period. DME Capital Management LP increased its stake in shares of ODP by 29.9% in the second quarter. DME Capital Management LP now owns 2,222,470 shares of the specialty retailer’s stock valued at $87,276,000 after purchasing an additional 511,890 shares during the period. American Century Companies Inc. raised its holdings in shares of ODP by 19.6% during the second quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer’s stock valued at $32,707,000 after buying an additional 136,730 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of ODP by 3.8% during the first quarter. Bridgeway Capital Management LLC now owns 337,447 shares of the specialty retailer’s stock worth $17,902,000 after buying an additional 12,262 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its holdings in ODP by 106.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 330,177 shares of the specialty retailer’s stock worth $12,966,000 after buying an additional 170,149 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.