ODP (NASDAQ:ODP - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.100-3.800 for the period, compared to the consensus earnings per share estimate of 4.270. The company issued revenue guidance of $7.0 billion-$7.0 billion, compared to the consensus revenue estimate of $7.1 billion.
Several brokerages have commented on ODP. UBS Group lowered their price objective on shares of ODP from $53.00 to $30.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. StockNews.com downgraded shares of ODP from a "buy" rating to a "hold" rating in a research report on Thursday, August 8th.
Read Our Latest Report on ODP
ODP opened at $31.11 on Wednesday. ODP has a fifty-two week low of $23.69 and a fifty-two week high of $58.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 0.90. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -36.60, a price-to-earnings-growth ratio of 0.52 and a beta of 1.48. The firm's fifty day moving average is $29.98 and its 200 day moving average is $36.06.
ODP (NASDAQ:ODP - Get Free Report) last released its earnings results on Wednesday, August 7th. The specialty retailer reported $0.56 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.64). ODP had a positive return on equity of 15.93% and a negative net margin of 0.34%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the business posted $0.99 earnings per share. The firm's revenue for the quarter was down 10.0% compared to the same quarter last year. On average, sell-side analysts forecast that ODP will post 4.29 earnings per share for the current fiscal year.
In other news, Director Wendy Lee Schoppert bought 3,875 shares of the business's stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $25.77 per share, with a total value of $99,858.75. Following the transaction, the director now directly owns 3,875 shares in the company, valued at approximately $99,858.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.60% of the company's stock.
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.
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