ODP (NASDAQ:ODP) Posts Earnings Results, Misses Estimates By $0.14 EPS

ODP (NASDAQ:ODP) released its earnings results on Wednesday. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion.

ODP Stock Performance

Shares of ODP traded up $0.30 on Thursday, reaching $15.32. The company’s stock had a trading volume of 363,944 shares, compared to its average volume of 463,663. ODP has a 12-month low of $13.44 and a 12-month high of $58.13. The stock’s 50 day simple moving average is $22.04 and its two-hundred day simple moving average is $26.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The stock has a market capitalization of $461.26 million, a P/E ratio of -16.83, a PEG ratio of 0.30 and a beta of 1.38.

Wall Street Analyst Weigh In

ODP has been the topic of several recent research reports. UBS Group reduced their target price on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. StockNews.com lowered shares of ODP from a “buy” rating to a “hold” rating in a report on Friday, January 31st.

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.