Wall Street Zen upgraded shares of ODP (NASDAQ:ODP – Free Report) from a hold rating to a buy rating in a research report report published on Saturday.
ODP Stock Performance
Shares of NASDAQ ODP opened at $17.29 on Friday. The stock has a market cap of $520.12 million, a PE ratio of -19.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.32. ODP has a 1 year low of $11.85 and a 1 year high of $43.31. The firm has a fifty day moving average price of $15.47 and a 200-day moving average price of $18.80. 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 (NASDAQ:ODP – Get Free Report) last issued its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.41. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. ODP’s quarterly revenue was down 9.2% compared to the same quarter last year. Equities analysts anticipate that ODP will post 3.26 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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.
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