Noble Financial Analysts Increase Earnings Estimates for ODP

The ODP Corporation (NASDAQ:ODP) – Research analysts at Noble Financial upped their FY2025 earnings per share estimates for ODP in a research note issued on Thursday, November 6th. Noble Financial analyst J. Gomes now anticipates that the specialty retailer will earn $3.23 per share for the year, up from their prior estimate of $2.83. Noble Financial currently has a “Market Perform” rating on the stock. The consensus estimate for ODP’s current full-year earnings is $3.26 per share.

A number of other equities analysts have also weighed in on ODP. UBS Group boosted their price objective on shares of ODP from $19.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “sell (d)” rating on shares of ODP in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $28.00.

ODP Trading Up 0.0%

Shares of NASDAQ ODP opened at $27.88 on Monday. The firm’s 50 day moving average price is $26.09 and its 200-day moving average price is $20.81. ODP has a 52-week low of $11.85 and a 52-week high of $28.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.45 and a current ratio of 0.94. The company has a market cap of $839.69 million, a PE ratio of 42.24, a P/E/G ratio of 0.69 and a beta of 1.43.

ODP (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $0.82 by $0.32. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.67 billion. ODP had a net margin of 0.39% and a return on equity of 11.22%. ODP’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 EPS.

Institutional Trading of ODP

Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in shares of ODP during the 3rd quarter valued at $31,000. AlphaQuest LLC purchased a new stake in ODP in the 1st quarter worth $41,000. Headlands Technologies LLC bought a new stake in ODP during the first quarter valued at about $47,000. Parallel Advisors LLC lifted its position in shares of ODP by 3,033.3% in the second quarter. Parallel Advisors LLC now owns 2,820 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 2,730 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in ODP by 35.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,611 shares of the specialty retailer’s stock worth $65,000 after purchasing an additional 954 shares during the period. Institutional investors own 99.56% of the company’s stock.

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.