Q1 2025 EPS Estimates for The ODP Co. (NASDAQ:ODP) Increased by Sidoti Csr

The ODP Co. (NASDAQ:ODP - Free Report) - Equities research analysts at Sidoti Csr lifted their Q1 2025 earnings per share estimates for ODP in a research note issued to investors on Thursday, May 9th. Sidoti Csr analyst G. Burns now anticipates that the specialty retailer will earn $2.32 per share for the quarter, up from their prior forecast of $2.12. The consensus estimate for ODP's current full-year earnings is $5.64 per share.

A number of other equities research analysts also recently weighed in on the company. StockNews.com raised ODP from a "hold" rating to a "buy" rating in a research report on Tuesday, March 12th. TheStreet downgraded ODP from a "b-" rating to a "c+" rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, ODP currently has a consensus rating of "Moderate Buy" and an average target price of $62.00.

ODP Stock Down 5.6 %

NASDAQ ODP traded down $2.44 during trading on Friday, hitting $40.76. 843,515 shares of the company traded hands, compared to its average volume of 322,318. The company has a market capitalization of $1.49 billion, a P/E ratio of 12.78, a PEG ratio of 0.65 and a beta of 1.68. The business has a fifty day simple moving average of $51.09 and a 200 day simple moving average of $50.64. ODP has a 12 month low of $39.36 and a 12 month high of $58.98. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.15.

ODP (NASDAQ:ODP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.59). ODP had a return on equity of 19.45% and a net margin of 1.77%. The firm had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the prior year, the business posted $1.78 earnings per share. ODP's revenue was down 11.2% on a year-over-year basis.

Hedge Funds Weigh In On ODP

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund bought a new stake in ODP during the 3rd quarter worth about $931,000. American Century Companies Inc. lifted its position in ODP by 11.7% during the 3rd quarter. American Century Companies Inc. now owns 524,628 shares of the specialty retailer's stock worth $24,212,000 after buying an additional 54,836 shares in the last quarter. Quantedge Capital Pte Ltd lifted its position in ODP by 195.5% during the 3rd quarter. Quantedge Capital Pte Ltd now owns 32,500 shares of the specialty retailer's stock worth $1,500,000 after buying an additional 21,500 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in ODP by 50.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 19,598 shares of the specialty retailer's stock worth $1,103,000 after buying an additional 6,563 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in ODP by 49.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,481,692 shares of the specialty retailer's stock worth $83,419,000 after buying an additional 493,233 shares in the last quarter. 99.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Diego Anthony Scaglione sold 25,000 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $55.00, for a total value of $1,375,000.00. Following the completion of the transaction, the chief financial officer now owns 96,104 shares of the company's stock, valued at approximately $5,285,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.60% of the company's stock.

ODP announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 48.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

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.