The price of ODP Corporation (NASDAQ:ODP) shares last traded on Wall Street fell -0.33% to $39.05.
ODP stock price is now -19.88% away from the 50-day moving average and -20.51% away from the 200-day moving average. The market capitalization of the company currently stands at $1.40B.
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With the price target of $65, Noble Capital Markets recently initiated with Outperform rating for ODP Corporation (NASDAQ: ODP). On June 23, 2023, B. Riley Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $60, while ‘Colliers Securities’ rates the stock as ‘Buy’
In other news, SCAGLIONE DIEGO ANTHONY, EVP & Chief Financial Officer sold 25,000 shares of the company’s stock on Mar 01 ’24. The stock was sold for $1,375,000 at an average price of $55.00. Upon completion of the transaction, the EVP & Chief Financial Officer now directly owns 96,104 shares in the company, valued at $3.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 15 ’23, EVP, President of Office Depot MOFFITT KEVIN sold 12,070 shares of the business’s stock. A total of $611,382 was realized by selling the stock at an average price of $50.65. This leaves the insider owning 56,641 shares of the company worth $2.21 million. A total of 3.43% of the company’s stock is owned by insiders.
During the past 12 months, ODP Corporation has had a low of $38.90 and a high of $58.98. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 0.94, and a quick ratio of 0.49. According to the stock market information, the enterprise value for the company is $2035695488, which is based on a 18.85 price-to-earnings ratio, a 1.53 price-to-earnings-growth ratio, and a beta of 1.59. The fifty day moving average price for ODP is $48.5144 and a two-hundred day moving average price translates $49.0729 for the stock.
The latest earnings results from ODP Corporation (NASDAQ: ODP) was released for 2024-03-31. According to the Specialty Retail Company, earnings per share came in at 0.99, beating analysts’ expectations of 0.77 by 0.22. This compares to $1.71 EPS in the same period last year. The net profit margin was 1.08% and return on equity was 7.40% for ODP. The company reported revenue of $1.87 billion for the quarter, compared to $2.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.24 percent. For the current quarter, analysts expect ODP to generate $1.76B in revenue.
