Noble Financial Issues Pessimistic Forecast for ODP Earnings

The ODP Co. (NASDAQ:ODP) – Equities research analysts at Noble Financial decreased their Q1 2025 earnings per share (EPS) estimates for shares of ODP in a note issued to investors on Tuesday, March 4th. Noble Financial analyst J. Gomes now expects that the specialty retailer will earn $0.58 per share for the quarter, down from their previous forecast of $1.35. The consensus estimate for ODP’s current full-year earnings is $3.26 per share. Noble Financial also issued estimates for ODP’s Q2 2025 earnings at $0.23 EPS and FY2025 earnings at $2.58 EPS.

ODP (NASDAQ:ODP) last posted its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.14). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%.

Several other research firms have also recently commented on ODP. UBS Group cut their price target on ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. StockNews.com cut ODP from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

ODP Trading Up 8.3 %

ODP stock opened at $15.94 on Thursday. The business has a 50 day moving average price of $21.12 and a two-hundred day moving average price of $25.90. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The stock has a market cap of $475.28 million, a price-to-earnings ratio of -17.52, a price-to-earnings-growth ratio of 0.30 and a beta of 1.38. ODP has a 12 month low of $13.44 and a 12 month high of $53.56.

Hedge Funds Weigh In On ODP

A number of hedge funds have recently modified their holdings of ODP. State of Alaska Department of Revenue raised its holdings in shares of ODP by 2.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,156 shares of the specialty retailer’s stock worth $569,000 after buying an additional 394 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of ODP by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock worth $4,713,000 after buying an additional 459 shares in the last quarter. Victory Capital Management Inc. increased its holdings in ODP by 23.4% during the 3rd quarter. Victory Capital Management Inc. now owns 63,562 shares of the specialty retailer’s stock valued at $1,891,000 after purchasing an additional 12,061 shares in the last quarter. KBC Group NV increased its holdings in ODP by 88.9% during the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 868 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in ODP by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 185,427 shares of the specialty retailer’s stock valued at $5,516,000 after purchasing an additional 9,380 shares in the last quarter. 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.