ODP Stock Price, News & Analysis (NASDAQ:ODP)

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ODP in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ODP shares.
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3 equities research analysts have issued 12-month target prices for ODP's stock. Their ODP share price targets range from $56.00 to $65.00. On average, they anticipate the company's stock price to reach $62.00 in the next twelve months. This suggests a possible upside of 34.8% from the stock's current price.
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ODP's stock was trading at $45.54 at the beginning of the year. Since then, ODP shares have increased by 1.0% and is now trading at $45.99.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our ODP earnings forecast.

The ODP Co. (NASDAQ:ODP) released its earnings results on Wednesday, November, 8th. The specialty retailer reported $1.88 EPS for the quarter, topping the consensus estimate of $1.60 by $0.28. The specialty retailer had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.04 billion. ODP had a net margin of 2.37% and a trailing twelve-month return on equity of 19.11%. The business's revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.48 earnings per share.

ETFs with the largest weight of ODP (NASDAQ:ODP) stock in their portfolio include SPDR S&P Retail ETF (XRT), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Roundhill Acquirers Deep Value ETF (DEEP), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Direxion Daily Retail Bull 3X Shares (RETL), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

ODP's stock reverse split on Wednesday, July 1st 2020. The 1-10 reverse split was announced on Friday, June 26th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, June 30th 2020. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

ODP issued an update on its FY23 earnings guidance on Wednesday, November, 8th. The company provided earnings per share guidance of $5.30-5.60 for the period, compared to the consensus EPS estimate of $5.14. The company issued revenue guidance of $7.8-7.9 billion, compared to the consensus revenue estimate of $8.00 billion.

720 employees have rated ODP Chief Executive Officer Gerry Smith on Glassdoor.com. Gerry Smith has an approval rating of 37% among the company's employees. This puts Gerry Smith in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other ODP investors own include Bank of America (BAC), AT&T (T), Ford Motor (F), General Electric (GE), Intel (INTC), Warren Resources (WRESQ), Verizon Communications (VZ), Walt Disney (DIS) and Micron Technology (MU).

ODP's stock is owned by many different institutional and retail investors. Top institutional shareholders include LSV Asset Management (4.90%), Northern Trust Corp (1.54%), American Century Companies Inc. (1.40%), Invesco Ltd. (1.30%), JPMorgan Chase & Co. (1.22%) and Morgan Stanley (1.21%). Insiders that own company stock include Diego Anthony Scaglione, Gerry P Smith, John Gannfors, Kevin Moffitt, N David Bleisch, Richard A Haas Jr, Stephen M Mohan and Zoe Maloney.
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Shares of ODP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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