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

ODP (NASDAQ:ODP) released its earnings results on Wednesday. The specialty retailer reported $0.66 earnings per share 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 Stock Down 23.2 %

ODP traded down $4.46 during midday trading on Wednesday, reaching $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 current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average is $22.26 and its 200-day moving average is $26.39. ODP has a 1 year low of $13.44 and a 1 year high of $58.13. The firm has a market capitalization of $443.76 million, a price-to-earnings ratio of -16.09, a PEG ratio of 0.30 and a beta of 1.38.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. UBS Group dropped their price target on shares of 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 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.