Últimas noticias sobre ODP (NASDAQ:ODP) Bolsa

The ODP Corp operates an integrated B2B distribution platform with divisions focusing on various sectors: ODP Business Solutions serves small to enterprise-level companies with office supplies, technology, furniture, and services. Office Depot Division caters to retail consumers and small businesses through retail locations and eCommerce platforms, offering office supplies, technology, and business services. Veyer Division specializes in supply chain, distribution, and procurement services for both internal and third-party customers, with a focus on global operations. Varis Division offers a tech-enabled B2B indirect procurement marketplace, providing a seamless buying experience and advanced spend management tools. Revenue primarily stems from the Veyer division.

The ODP Corp

UBS analyst Michael Lasser maintains ODP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODP#NASDAQ">ODP</a>) with a Neutral and lowers the price target from $30 to $28.

News

Price Target

Analyst Ratings

UBS Maintains Neutral on ODP, Lowers Price Target to $28

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<li>ODP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODP#NASDAQ">ODP</a>) stock declined by 15.21% to $26.38. The market value of their outstanding shares is at $885.8 million. As per the press release, Q3 earnings came out today. </li>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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9 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session

The ODP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODP#NASDAQ">ODP</a>) shares <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">are trading lower on Wednesday.</a>
The company reported third-quarter adjusted earnings per share of 71 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41769448/the-odp-corporation-announces-third-quarter-2024-results" rel="noreferrer noopener">missing the street view of $1.60.</a>
Quarterly sales of $1.780 billion, down 11% year-over-year, missed the analyst consensus of $1.820 billion.
The decrease in reported sales is largely related to lower sales in its Office Depot Division, primarily due to 53 fewer retail locations in service compared to the previous year and reduced transactions, as well as lower sales in its ODP Business Solutions Division.
&#8220;We&#8217;re leveraging our differentiated core strengths to pivot towards higher growth B2B opportunities, and we are beginning to see promising traction at both our ODP Business Solutions and Veyer Divisions,&#8221; said Gerry Smith, chief executive officer.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft" rel="noreferrer noopener">Trump&#8217;s Big Tech Policies: What GOP Victory Means For Apple, Google, Microsoft</a>
In the quarter under review, adjusted EBITDA was $62 million, compared to $138 million in the year-ago period.
As of September 28, ODP had total available liquidity of approximately $728 million, consisting of $192 million in cash and equivalents.
In a separate press release, the company announced a partnership with a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41769797/the-odp-corporation-embarks-on-a-new-10-year-1-5b-transformative-partnership-with-nationally-recog" rel="noreferrer noopener">nationally recognized strategic reseller</a>. This partnership, worth up to $1.5 billion spanning a 10-year period, will leverage the reseller provider&#8217;s expertise in creating custom, results-driven e-commerce solutions and the company&#8217;s extensive fulfillment centers and delivery network.
Outlook: ODP has <a target="_blank" href="https://www.theodpcorp.com/news-releases/news-release-details/odp-corporation-announces-second-quarter-2024-results" rel="noreferrer noopener">lowered </a>its full-year 2024 adjusted EPS guidance from a range of $4.25 &#8211; $5.00 to $3.10 &#8211; $3.80, below the $4.27 analyst estimate.
The company expects sales to be approximately $7 billion (prior view: at least $7 billion), compared to the $7.09 billion estimate.
Price Action: ODP shares are trading lower by 15.2% to $26.37 at last check Wednesday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Office_Depot_%284190699897%29.jpg">Wikimedia Commons</a>
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Earnings

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General

Office Depot's Parent Company ODP Slashes 2024 Outlook After Weak Q3 Earnings, Eyes B2B Pivot To Offset Retail Woes

WIIM

ODP shares are trading lower after the company reported worse-than-expected Q3 financial results and lowered FY24 outlook.

The ODP Corporation today announced a partnership with a large, growing strategic reseller organization, offering quality office, furniture, print, promotional and facility resource solutions to large multi-site companies. This partnership, worth up to $1.5 billion spanning a 10-year period, will leverage the reseller provider's expertise in creating custom, results-driven e-commerce solutions and the Company's extensive fulfillment centers and delivery network.
"This collaboration enables a leader in reseller services to leverage our comprehensive product and service offerings, national distribution and award-winning e-commerce platform to service their customers," said David Centrella, EVP of The ODP Corporation and President of ODP Business Solutions. "This partnership reflects our commitment to providing solutions that address unique business needs."

ODP Announced 10-Year $1.5B Partnership With Nationally Recognized Strategic Reseller Organization Offering Quality Office, Furniture,

This partnership will leverage the reseller provider's expertise in creating custom, results-driven e-commerce solutions and the Company's extensive fulfillment centers and delivery network.

Contracts

ODP Enters New 10-Year, $1.5B Partnership With A Strategic Reseller Organization

The Company is amending its 2024 full-year guidance as follows:
Updated full-year guidance for 2024
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Updated FY 2024 Guidance(1)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Sales</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Approximately $7 billion</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA(1)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$260 million - $300 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted Operating Income(1)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$160 million - $200 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted Earnings per Share (fully diluted)(&#x2A;)(1)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$3.10 - $3.80 per share</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted Free Cash Flow(1)(3)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Suspends</td>
</tr>
</tbody>
</table>
</figure>

ODP Lowers FY24 Adj EPS Guidance from $4.25-$5.00 to $3.10-$3.80 vs $4.27 Est; Sees Sales $7.000B vs $7.09B Est

ODP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODP#NASDAQ">ODP</a>) reported quarterly earnings of $0.71 per share which missed the analyst consensus estimate of $1.60 by 55.63 percent. This is a 67.28 percent decrease over earnings of $2.17 per share from the same period last year. The company reported quarterly sales of $1.780 which missed the analyst consensus estimate of $1.820 billion by 100.00 percent. This is a 100.00 percent decrease over sales of $2.009 billion the same period last year.

ODP Q3 2024 Adj. EPS $0.71 Misses $1.60 Estimate, Sales $1.780 Miss $1.820B Estimate

The most recent trading session ended with ODP Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/odp#NYSE">ODP</a>) standing at $28.75, reflecting a +0.49% shift from the previouse trading day&#39;s closing. The stock outpaced the S&amp;P 500&#39;s daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.6%.
Heading into today, shares of the office supply retailer had lost 3.86% over the past month, lagging the Retail-Wholesale sector&#39;s gain of 5.71% and the S&amp;P 500&#39;s gain of 1.71% in that time.
Investors will be eagerly watching for the performance of ODP Corp. in its upcoming earnings disclosure. In that report, analysts expect ODP Corp. to post earnings of $1.49 per share. This would mark a year-over-year decline of 20.74%. Meanwhile, our latest consensus estimate is calling for revenue of $1.83 billion, down 9.13% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $4.29 per share and a revenue of $7.13 billion, demonstrating changes of -23.39% and -8.96%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for ODP Corp. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company&#39;s business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we&#39;ve crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, ODP Corp. is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, ODP Corp. is currently trading at a Forward P/E ratio of 6.68. This expresses a discount compared to the average Forward P/E of 14.34 of its industry.
Also, we should mention that ODP has a PEG ratio of 0.48. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company&#39;s expected earnings growth rate. By the end of yesterday&#39;s trading, the Retail - Miscellaneous industry had an average PEG ratio of 2.3.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
<a href="https://www.zacks.com/stock/news/2342266/odp-corp-odp-laps-the-stock-market-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6v1-2342266">To read this article on Zacks.com click here.</a>

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ODP Corp. Laps the Stock Market: Here's Why

New Coffee and Breakroom Solutions Include Coffeehouse-Quality Commercial Machines
ODP Business Solutions, a leading supplier of workplace solutions and services, now offers Nespresso Professional product line. This line consists of versatile coffee makers and accessories specifically designed for small to large businesses and commercial spaces.

ODP Business Solutions Expands Portfolio With Addition Of Nespresso Professional Product Line

BOOT

CHWY

Shares of retail companies are trading higher following a rise in retail sales data. Also, the sector may be moving higher in sympathy with Walmart after the company reported better-than-expected Q2 financial results and an increase in FY25 adjusted EPS guidance.

Management

The ODP Corporation CFO D. Anthony Scaglione To Step Down After Sept. 13

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 3</a>0, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">ODP Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODP#NASDAQ">ODP</a>)</h3>
<ul>
<li>On Aug. 7, ODP reported worse-than-expected second-quarter financial results and cut its FY24 guidance. "While we are pacing below our prior expectations for the year, we are not standing still. We're taking actions to improve our top-line trajectory and we remain focused on capturing the long-term opportunities derived by our strong value proposition, solid balance sheet, and flexible foundation," said Gerry Smith, chief executive officer of ODP. The company's stock fell around 33% over the past five days and has a <a href="https://www.benzinga.com/quote/ODP">52-week low of $23.69</a>.</li>
<li>RSI Value: 21.13</li>
<li>ODP Price Action: Shares of ODP fell 2.5% to close at $25.52 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to l<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081224&amp;t=be2bearmibe3na1">atest ODP news.</a> </li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081224&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/5f259a12-f9c3-4fec-abc4-9a6912ebc289" alt="" style="width:561px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Goodyear Tire &amp; Rubber Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On July 31, Goodyear Tire &amp; Rubber reported mixed quarterly financial results. &#8220;We demonstrated clear progress on our Goodyear Forward plan in the second quarter, achieving significant margin expansion and securing a definitive agreement to sell our Off-the-Road business,&#8221; said Chief Executive Officer and President Mark Stewart. The company's stock fell around 32% over the past month. It <a href="https://www.benzinga.com/quote/GT">has a 52-week </a>low of $7.63.</li>
<li>RSI Value: 22.49</li>
<li>GT Price Action: Shares of Goodyear Tire fell 2.7% to close at $7.70 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081224&amp;t=be2bearmibe3na1">identify the trend in GT stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="905" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12083054/image-76.png" alt="" class="wp-image-489633" style="width:493px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12083054/image-76.png 905w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12083054/image-76-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12083054/image-76-768x706.png 768w" sizes="(max-width: 905px) 100vw, 905px" /></a></figure>
<h3 class="wp-block-heading">Dutch Bros Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>)</h3>
<ul>
<li>On Aug. 7, Dutch Bros reported quarterly earnings of 19 cents per share which beat the analyst consensus estimate of 13 cents by 46.15%. "Our quarterly performance demonstrates the long runway ahead for Dutch Bros as we once again delivered strong top-line and profitability growth. Revenue rose 30%, including a 4.1% increase in system same-shop sales, and was underpinned by excellent margin flow through. With strong results 2024 to date despite the volatile consumer backdrop and expectations for a robust second half to the year, we are pleased to be raising our annual guidance," said Christine Barone, CEO of Dutch Bros. The company's shares fell around 28% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/BROS">low of $22.66</a>.</li>
<li>RSI Value: 25.27</li>
<li>BROS Price Action: Shares of Dutch Bros fell 2.4% to close at $29.49 on Friday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081224&amp;t=be2bearmibe3na1">breakout in BROS shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="880" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12083218/image-77.png" alt="" class="wp-image-489637" style="width:528px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12083218/image-77.png 880w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12083218/image-77-300x284.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12083218/image-77-768x726.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></a></figure>
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UBS analyst Michael Lasser maintains ODP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODP#NASDAQ">ODP</a>) with a Neutral and lowers the price target from $53 to $30.

UBS Maintains Neutral on ODP, Lowers Price Target to $30

The ODP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODP#NASDAQ">ODP</a>) shares are trading lower on Wednesday after the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40215029/the-odp-corporation-announces-second-quarter-2024-results" rel="noreferrer noopener">company reported second-quarter results.</a>
The company reported adjusted earnings per share of 56 cents, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the analyst consensus of $1.20.</a>
Total reported sales reached $1.717 billion, a 10% decrease year over year. Sales missed the street view of $1.762 billion.
This decline is mainly due to reduced sales in the Office Depot Division, which had 58 fewer retail locations and fewer transactions than the previous year, along with lower ODP Business Solutions Division sales.
Adjusted operating income was $33 million, down from $67 million in the&nbsp;second quarter&nbsp;of 2023.
&#8220;While we are pacing below our prior expectations for the year, we are not standing still. We&#8217;re taking actions to improve our top-line trajectory and we remain focused on capturing the long-term opportunities derived by our strong value proposition, solid balance sheet, and flexible foundation,&#8221; said Gerry Smith, chief executive officer of ODP.
&#8220;We have several prospects at both ODP Business Solutions and Veyer that we expect to close in the second half that will boost revenue growth velocity as we exit this year,&#8221; Smith&nbsp;added.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40217156/us-stocks-set-to-extend-gains-despite-mixed-earnings-vix-dips-back-toward-pre-sell-off-levels-analy" rel="noreferrer noopener">US Stocks Set To Extend Gains Despite Mixed Earnings, VIX Dips Back Toward Pre-Sell-Off Levels: Analyst Says Pullback Is A &#8216;Growth Scare&#8217; And Not &#8216;Calamity&#8217;</a>
The company registered adjusted EBITDA of $57 million, compared to $95 million in the year-ago period.
Total available liquidity was $831 million, including $190 million in cash and cash equivalents, with $10 million classified under current assets held for sale from the Varis Division at quarter-end.
&#8220;In addition to our efforts under Project Core, which we expect will create over $100 million in annual cost savings when fully implemented, we are executing on initiatives to accelerate sales pipeline conversion, drive additional avenues for growth with existing customers, and leverage our deep customer relationships to solve more of their procurement challenges,&#8221; Smith added.
Outlook: ODP has revised its FY24 outlook, lowering the adjusted EPS forecast to $4.25-$5.00 from $6.30-$6.60, below the $6.37 estimate, and reducing the revenue forecast to at least $7 billion from $7.44 billion, <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">compared to the $7.39 billion estimate.</a>
Price Action: ODP shares are trading lower by 33.8% to $25.11 at last check Wednesday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Office_Depot_%284190699897%29.jpg">Wikimedia Commons</a>
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Office Depot Parent ODP Slashes FY24 Guidance Amid 10% Sales Drop - Stock Slumps

ODP shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 guidance.

2024 Guidance
&quot;Our performance in the first half of the year was clearly below expectations, placing us behind our goals for the year,&quot; said Smith. &quot;The initiatives we are taking to improve our top-line trajectory, along with our low-cost model, high touch service approach, and strong value proposition, give us confidence in our ability to improve our performance and position us for greater stability and growth in the future. Considering our slow start to the first half of the year, as well as the uncertain macroeconomic environment and the potential variability of the timing of our initiatives, we are updating our 2024 guidance as follows&quot;:
Updated full-year guidance for 2024
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
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Updated FY 2024 Guidance(1)
</td>
</tr>
<tr>
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Sales
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
At least $7 billion
</td>
</tr>
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<td colspan="1" rowspan="1">
Adjusted EBITDA(1)
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
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$310 million - $350 million
</td>
</tr>
<tr>
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Adjusted Operating Income(1)
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
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$200 million - $240 million
</td>
</tr>
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<td colspan="1" rowspan="1">
Adjusted Earnings per Share (fully diluted)(&#x2A;)(1)
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
$4.25 - $5.00 per share
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted Free Cash Flow(1)(3)
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
Approximately $200 million
</td>
</tr>
</tbody>
</table>
&#x2A;Adjusted Earnings per Share (fully diluted) (EPS) guidance for 2024 excludes potential discrete (tax) items that may affect quarter to quarter fluctuations and includes expected impact from share repurchases
&nbsp;

ODP Cuts FY24 Outlook: Adj EPS From $6.30-$6.60 To $4.25-$5.00 vs. $6.37 Estimate, Revenue From $7.44B To Atleast $7B vs $7.39B Estimate

ODP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODP#NASDAQ">ODP</a>) reported quarterly earnings of $0.56 per share which missed the analyst consensus estimate of $1.20 by 53.33 percent. This is a 54.1 percent decrease over earnings of $1.22 per share from the same period last year. The company reported quarterly sales of $1.717 billion which missed the analyst consensus estimate of $1.762 billion by 2.58 percent. This is a 10.01 percent decrease over sales of $1.908 billion the same period last year.

Earnings Misses

ODP Q2 2024 Adj. EPS $0.56 Misses $1.20 Estimate, Sales $1.717B Miss $1.762B Estimate

When evaluating a company&#39;s value, investors mostly look at a stock&#39;s price-to-earnings (P/E) or price-to-sales (P/S) ratio. While P/E is the ratio of annual earnings to stock price, P/S reflects the amount investors pay for each dollar of revenues generated by the company.
Though P/E and P/S valuation tools are more commonly used for stock selection, the price-to-book ratio (P/B ratio) is also an easy-to-use metric for identifying low-priced stocks with high-growth prospects.
&nbsp;P/B is the ratio of stock price to book value
It is calculated as below:
P/B ratio = market capitalization/book value of equity
The P/B ratio helps to identify low-priced stocks with high growth prospects. ASE Technology (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/asx#NYSE">ASX</a>), Paysafe Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psfe#NYSE">PSFE</a>), The ODP Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/odp#NASDAQ">ODP</a>), Deluxe (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dlx#NYSE">DLX</a>) and KB Home (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbh#NYSE">KBH</a>) are some such stocks.
Now, let us understand the concept of book value.
<h3>What is Book Value?</h3>
There are several ways by which book value can be defined.&nbsp;Book value is the total value that would be left over, according to the company&#39;s balance sheet, if it goes bankrupt immediately. In other words, this is what shareholders would theoretically receive if a company liquidates all its assets after paying off all its liabilities.
It is calculated by subtracting total liabilities from the total assets of a company. In most cases, this equates to common stockholders&#39; equity on the balance sheet. However, depending on the company&#39;s balance sheet, intangible assets should also be subtracted from the total assets to determine book value.
<h3>Understanding P/B Ratio</h3>
By comparing the book value of equity to its market price, we get an idea of whether a company is under or overpriced. However, like P/E or P/S ratio, it is always better to compare P/B ratios within industries.
A P/B ratio of less than one means that the stock is trading at less than its book value or the stock is undervalued and, therefore, a good buy. Conversely, a stock with a ratio greater than one can be interpreted as being overvalued or relatively expensive.
For example, a stock with a P/B ratio of 2 means that we pay $2 for every $1 of book value. Thus, the higher the P/B, the more expensive the stock.
But there is a warning. A P/B ratio of less than one can also mean that the company is earning weak or even negative returns on its assets or that the assets are overstated, in which case the stock should be shunned because it may be destroying shareholder value. Conversely, the stock&#39;s price may be significantly high &mdash; thereby pushing the P/B ratio to more than one &mdash; in the likely case that it has become a takeover target, a good enough reason to own the stock.
Moreover, the P/B ratio is not without limitations. It is useful for businesses like finance, investments, insurance and banking or manufacturing companies with many liquid/tangible assets on the books. However, it can be misleading for firms with significant R&amp;D expenditure, high debt, service companies, or those with negative earnings.
In any case, the ratio is not particularly relevant as a standalone number. One should analyze other ratios like P/E, P/S and debt to equity before arriving at a reasonable investment decision.
<h3>Screening Parameters</h3>
Price to Book (common Equity) less than X-Industry Median: A lower P/B compared with the industry average implies that there is enough room for the stock to gain.
Price to Sales less than X-Industry Median: The P/S ratio determines how much the market values every dollar of the company&#39;s sales/revenues &mdash; a lower ratio than the industry makes the stock attractive.
Price to Earnings using F(1) estimate less than X-Industry Median: The P/E ratio (F1) values a company based on its current share price relative to its estimated earnings per share &mdash; a lower ratio than the industry is considered better.
PEG less than 1: PEG links the P/E ratio to the future growth rate of the company. The PEG ratio portrays a more complete picture than the P/E ratio. A value of less than 1 indicates that the stock is undervalued and investors need to pay less for a stock that has bright earnings growth prospects.
Current Price greater than or equal to $5: They must all be trading at a minimum of $5 or higher.
Average 20-Day Volume greater than or equal to 100,000: A substantial trading volume ensures that the stock is easily tradable.
Zacks Rank less than or equal to #2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
Value Score equal to A or B: Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2, offer the best opportunities in the value investing space.
Here are five of the nine stocks that qualified the screening:&nbsp;
ASE Technology&nbsp;is a provider of semiconductor manufacturing services in assembly and testing. This Zacks Rank #2 stock has a Value Score of A.
ASE Technology hasa projected 3&ndash;5-year EPS growth rate of 28.7%.
Headquartered in Las Vegas, Paysafe Limited is a specialized payments platform. The company enables businesses and consumers to connect and transact seamlessly through payment processing solutions, digital wallets, including the Skrill and Neteller brands, and online cash solutions, including paysafecard and Paysafecash.
PSFE has a Zacks Rank #2 and a Value Score of A. Paysafe Limited has a projected 3&ndash;5-year EPS growth rate of 18.7%.
ODP provides business services, products and digital workplace technology solutions to small, medium and enterprise businesses. It is based in Florida.
ODP has a Zacks Rank #1 and a Value Score of A at present. ODP has a projected 3-5-year EPS growth rate of 14%.
Deluxe, headquartered in Minneapolis, MA, is a trusted payment and business technology company. Its solutions help businesses pay, get paid and grow.
Deluxe has a Zacks Rank #2 and a Value Score of A at present. DLX has a projected 3-5-year EPS growth rate of 12%.
Based in Los Angeles, CA, KB Home is a well-known homebuilder in the United States and one of the largest in the state. The company&#39;s revenues are generated from Homebuilding (accounting for 99.5% of fiscal 2023 total revenues) and Financial Services (0.5%) operations.
KB Home has a projected 3-5-year EPS growth rate of 11.8%. KBH currently has a Zacks Rank #2 and a Value Score of A.&nbsp;
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2297519/5-low-price-to-book-stocks-worth-buying-in-july?cid=CS-BENZ-FT-analyst_blog|rw-2297519">To read this article on Zacks.com click here.</a>

Tech

PSFE

5 Low Price-to-Book Stocks Worth Buying in July

Investors generally tend to cling to the price-to-earnings (P/E) metric while looking for bargain stocks. In addition to being a widely used tool for screening stocks, P/E is also a popular metric to work out the fair market value of a company. But even this ubiquitously used valuation multiple has a few limitations. 
Although P/E is by far the most popular equity valuation ratio, a more complicated metric called EV/EBITDA does a better job of valuing a firm. Often viewed as a better substitute to P/E, this ratio offers a clearer picture of a company&#39;s valuation and its earnings potential. 
Navios Maritime Partners L.P. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nmm#NYSE">NMM</a>), Costamare Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmre#NYSE">CMRE</a>), The ODP Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/odp#NASDAQ">ODP</a>), ADT Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adt#NYSE">ADT</a>) and Portland General Electric Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/por#NYSE">POR</a>) are some stocks with impressive EV-to-EBITDA ratios.
<h3>Is EV-to-EBITDA a Better Substitute to P/E?</h3>
EV-to-EBITDA is essentially the enterprise value of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company&#39;s market capitalization, its debt and preferred stock minus cash and cash equivalents. 
EBITDA, the other component of the multiple, gives a better idea of a company&#39;s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows. 
Just like P/E, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued. 
EV-to-EBITDA takes into account the debt on a company&#39;s balance sheet that the P/E ratio does not. Due to this reason, EV-to-EBITDA is generally used to value the potential acquisition targets as it shows the amount of debt the acquirer has to assume. Stocks boasting a low EV-to-EBITDA multiple could be seen as attractive takeover candidates. 
Another shortcoming of P/E is that it can&#39;t be used to value a loss-making firm. A company&#39;s earnings are also subject to accounting estimates and management manipulation. On the other hand, EV-to-EBITDA is difficult to manipulate and can also be used to value loss-making but EBITDA-positive companies. 
EV-to-EBITDA is also a useful tool in measuring the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt. 
However, EV-to-EBITDA is not devoid of shortcomings and alone cannot conclusively determine a stock&#39;s inherent potential and future performance. The multiple varies across industries and is usually not appropriate while comparing stocks in different industries, given their diverse capital expenditure requirements. 
A strategy solely based on EV-to-EBITDA might not yield the desired results. However, you can club it with the other major ratios in your stock-investing toolbox, such as price-to-book (P/B), P/E and price-to-sales (P/S) to screen value stocks.
<h3>Screening Criteria</h3>
Here are the parameters to screen for value stocks: 
EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median: A lower EV-to-EBITDA ratio represents a cheaper valuation. 
P/E using (F1) less than X-Industry Median: This metric screens stocks that are trading at a discount to their peers. 
P/B less than X-Industry Median: A lower P/B compared with the industry average implies that the stock is undervalued. 
P/S less than X-Industry Median: The lower the P/S ratio, the more attractive the stock is, as investors will have to pay a smaller price for the same amount of sales generated by the company. 
Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median: This parameter will help in screening stocks that have growth rates higher than the industry median. 
Average 20-day Volume greater than or equal to 100,000: The addition of this metric ensures that shares can be traded easily. 
Current Price greater than or equal to $5: This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. 
Zacks Rank less than or equal to 2: It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. 
Value Score of less than or equal to B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential. 
Here are our five picks out of the 10 stocks that passed the screen: 
Navios Maritime Partners is an international owner and operator of dry cargo vessels. This Zacks Rank #1 stock has a Value Score of A. 
Navios Maritime Partners has an expected earnings growth rate of 22.1% for 2024. The Zacks Consensus Estimate for NMM&#39;s 2024 earnings has been revised 5.3% upward over the past 60 days. 
Costamare is a leading owner and provider of containerships and dry bulk vessels for charter. CMRE, a Zacks Rank #1 stock, has a Value Score of A. 
Costamare has an expected year-over-year earnings growth rate of 48.8% for 2024. The consensus estimate for CMRE&#39;s 2024 earnings has been revised 12% upward over the past 60 days.
ODP is one of the leading providers of business services and supplies, products and technology solutions to small, medium and enterprise businesses. This Zacks Rank #1 stock has a Value Score of A. 
ODP has an expected year-over-year earnings growth rate of 7.7% for 2024. The Zacks Consensus Estimate for the company&#39;s 2024 earnings has been revised 5.6% upward over the past 60 days. 
ADT provides security and automation solutions for homes and businesses, primarily in the United States and Canada. This Zacks Rank #2 stock has a Value Score of A. 
ADT has an expected year-over-year earnings growth rate of 37.3% for 2024. The Zacks Consensus Estimate for ADT&#39;s 2024 earnings has been stable over the last 60 days. 
Portland General Electric is a vertically integrated electric utility that is engaged in the generation, wholesale purchase and sale, transmission, distribution and retail sale of electricity to customers in Oregon. This Zacks Rank #2 stock has a Value Score of B. 
Portland General Electric has an expected earnings growth rate of 29.8% for 2024. The Zacks Consensus Estimate for POR&#39;s 2024 earnings has been revised 0.7% upward over the past 60 days. 
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. 
<a href="https://www.zacks.com/stock/news/2292700/5-value-stocks-with-exciting-ev-to-ebitda-ratios-to-snap-up?cid=CS-BENZ-FT-analyst_blog|rw-2292700">To read this article on Zacks.com click here.</a>

CMRE

5 Value Stocks With Exciting EV-to-EBITDA Ratios to Snap Up

The ODP Corporation Non-GAAP EPS of $0.71, revenue of $1.78B misses by $40M

FY24 consensus $4.27. Cuts FY24 revenue view to ~$7B from over $7B, consensus $7.09B. Cuts FY24 adjusted EBITDA view to $260M-$300M from $310M-$350...

ODP Corporation cuts FY24 adjusted EPS view to $3.10-$3.80 from $4.25-$5.00

Reports Q3 revenue $1.78B, consensus $1.82B. "Our results in the quarter were below expectations, primarily driven by our retail division, as chall...

ODP Corporation reports Q3 adjusted EPS 71c, consensus $1.60

Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS – CVS Health (CVS) up 12% Vertex (VERX) up 6% I...

Morning Movers: CVS Health surges and ODP sinks following Q3 results

ODP Corp suffers another tough quarter and lowers guidance for a second time

The ODP Corporation 2024 Q3 - Results - Earnings Call Presentation

The ODP Corporation (ODP) Q3 2024 Earnings Call Transcript

UBS lowered the firm's price target on ODP Corporation (ODP) to $28 from $30 and keeps a Neutral rating on the shares. Published first on TheFly – ...

ODP Corporation price target lowered to $28 from $30 at UBS

Noble Financial analyst Joe Gomes maintained a Buy rating on ODP (ODP – Research Report) today and set a price target of $35.00. The company's shar...

Noble Financial Keeps Their Buy Rating on ODP (ODP)

Greenlight adds new position in CNH Industrial, boosts Peloton, others in Q3

ATHM

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DNMR

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Mark Cuban Foundation and The ODP Corporation Bring Free AI Bootcamp to Fort Lauderdale Teens

Office Depot Fall Depot Discount Days are Coming Soon – Here's What to Know!

Office Depot and Telos Corporation Surpass 160 TSA PreCheck® Enrollment Locations Nationwide

VEYER Announces Opening of New Direct Import Facility in Savannah, Ga.

The ODP Corporation to Announce Third Quarter 2024 Results Wednesday, November 6, 2024

ODP Business Solutions Announces Renewal of Disney Institute Professional Development Courses Sponsorship

The ODP Corporation Announces Third Quarter 2024 Results

The ODP Corporation Embarks on a New 10-Year, $1.5B Transformative Partnership with Nationally Recognized Strategic Reseller

Grubhub Grows its Marketplace Offerings to Include Office Supplies with Office Depot

Office Depot Kicks Off Its Season of Savings, Fueling Customers for Success This Holiday Season and Beyond

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