ODP (NASDAQ:ODP) Announces Earnings Results

ODP (NASDAQ:ODP) issued its quarterly earnings results on Wednesday. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.14), Zacks reports. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion.

ODP Price Performance

Shares of ODP stock traded down $0.12 on Friday, reaching $15.16. The stock had a trading volume of 403,207 shares, compared to its average volume of 480,139. The business’s 50 day moving average is $21.86 and its two-hundred day moving average is $26.23. The company has a market cap of $456.59 million, a P/E ratio of -16.66, a price-to-earnings-growth ratio of 0.30 and a beta of 1.38. ODP has a 1 year low of $13.44 and a 1 year high of $58.13. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

ODP has been the subject of a number of research reports. UBS Group cut their target price on shares of ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. StockNews.com cut shares of ODP from a “buy” rating to a “hold” rating in a report on Friday, January 31st.

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.