ODP (ODP) Scheduled to Post Earnings on Wednesday

ODP (NASDAQ:ODP) will post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect ODP to post earnings of $1.49 per share for the quarter. ODP has set its FY24 guidance at $4.25-5.00 EPS and its FY 2024 guidance at 4.250-5.000 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

ODP (NASDAQ:ODP) last released its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.64). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.76 billion. ODP had a negative net margin of 0.34% and a positive return on equity of 15.93%. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS. On average, analysts expect ODP to post $4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

ODP Trading Up 1.5 %

ODP stock opened at $31.49 on Monday. ODP has a one year low of $23.69 and a one year high of $58.98. The company’s fifty day moving average price is $29.92 and its two-hundred day moving average price is $36.42. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -37.05, a PEG ratio of 0.52 and a beta of 1.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.90 and a quick ratio of 0.43.

Insider Buying and Selling at ODP

In other ODP news, Director Wendy Lee Schoppert bought 3,875 shares of the stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $25.77 per share, with a total value of $99,858.75. Following the acquisition, the director now directly owns 3,875 shares of the company’s stock, valued at $99,858.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ODP. StockNews.com lowered ODP from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. UBS Group dropped their price target on shares of ODP from $53.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th.

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.