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

ODP (NASDAQ:ODP) issued 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 positive return on equity of 12.15% and a negative net margin of 0.52%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion.

ODP Trading Up 2.0 %

Shares of NASDAQ:ODP traded up $0.30 during mid-day trading on Thursday, reaching $15.32. 363,944 shares of the company’s stock were exchanged, compared to its average volume of 463,663. The firm has a market capitalization of $461.26 million, a price-to-earnings ratio of -16.83, a PEG ratio of 0.30 and a beta of 1.38. The business’s fifty day moving average price is $22.04 and its 200-day moving average price is $26.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. ODP has a twelve month low of $13.44 and a twelve month high of $58.13.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group decreased their price target on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. StockNews.com downgraded 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.