ODP (NASDAQ:ODP) Posts Quarterly 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%.

ODP Price Performance

NASDAQ ODP traded down $4.29 on Wednesday, reaching $14.90. 310,987 shares of the company’s stock traded hands, compared to its average volume of 423,628. The stock has a market cap of $448.67 million, a PE ratio of -16.34, a P/E/G ratio of 0.30 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. ODP has a 12 month low of $13.44 and a 12 month high of $58.13. The stock has a 50-day simple moving average of $22.26 and a 200 day simple moving average of $26.39.

Wall Street Analysts Forecast Growth

ODP has been the topic of a number of analyst reports. UBS Group decreased 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 downgraded ODP from a “buy” rating to a “hold” rating in a research 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.