ODP (NASDAQ:ODP) Releases Earnings Results, Misses Expectations By $0.14 EPS

ODP (NASDAQ:ODP) posted its quarterly earnings data 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%.

ODP Price Performance

Shares of ODP stock traded down $4.46 during trading hours on Wednesday, hitting $14.73. The company’s stock had a trading volume of 957,197 shares, compared to its average volume of 446,699. The company has a market cap of $443.76 million, a PE ratio of -16.09, a PEG ratio of 0.30 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The business has a 50 day moving average price of $22.26 and a two-hundred day moving average price of $26.39. ODP has a 12-month low of $13.44 and a 12-month high of $58.13.

Analyst Upgrades and Downgrades

ODP has been the subject of a number of analyst reports. UBS Group reduced their price target on 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 research note 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.