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

News

Management

On December 12, 2024, ODP Announces Appointment Of Max Hood, And Adam Haggard, To Each Serve As Co-CFOs And Co-Principal Financial Officers - Filing

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.

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.

Movers

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IRBT

JDZG

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RENT

RVLV

SGHC

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

Equities

Guidance

Markets

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>

Retail Sales

Small Cap

Trading Ideas

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.

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;
</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">
At least $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">
$310 million - $350 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">
$200 million - $240 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">
$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

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

Office Depot (ODP) announces its business initiative with Verizon (VZ) … This relationship aims to provide small and medium-sized businesses and co...

Office Depot announces new agreement with Verizon for select retail locations

E-commerce expansion, evolving customer preferences, and innovative retail strategies boost the outlook of the specialty retail industry. Therefore, it could be wise to buy fundamentally strong retailers' stocks, such as The ODP Corp (ODP), Sally Beauty Holdings (SBH), and Upbound Group (UPBD). Keep reading… Changing consumer profiles and demographics, increasing urbanization, improving infrastructure, and increasing the number of international brands are key factors fueling the specialty retail market.
Given the industry's tailwinds, investors could consider buying fundamentally sound specialty retailers stocks, The ODP Corporation (<a href="https://stocknews.com/stock/ODP/">ODP</a>), Sally Beauty Holdings, Inc. (<a href="https://stocknews.com/stock/SBH/">SBH</a>), and Upbound Group, Inc. (<a href="https://stocknews.com/stock/UPBD/">UPBD</a>) thriving in niche markets.
The U.S. retail market is expected to grow at a <a href="https://www.imarcgroup.com/united-states-retail-market">CAGR of 2.4% from 2024 to 2032</a>. This growth is driven by several factors, including the increasing popularity of e-commerce shopping, population growth, and a surge in partnerships, collaborations, and mergers and acquisitions (M&amp;As) among leading industry players.
Additionally, the specialty retail industry is poised for steady growth, driven by evolving consumer preferences, niche product offerings, and the expansion of online and omnichannel strategies. <a href="https://growthmarketreports.com/report/specialty-retailers-market-global-industry-analysis">Increased focus on personalization</a> and premium customer experiences are set to fuel market demand further.
Considering these favorable trends, let's take a closer look at the fundamentals of the three <a href="https://stocknews.com/category/specialty-retailers/">Specialty Retailers</a> picks, starting with number #3.
Stock #3: The ODP Corporation (<a href="https://stocknews.com/stock/ODP/">ODP</a>)
ODP 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.
ODP's trailing-12-month asset turnover ratio of 1.87x is 88.4% higher than the industry average of 0.99x.
For the fiscal third quarter that ended September 28, 2024, ODP's sales were reported at $1.78 billion. Also, the company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> stood at $62 million. Moreover, adjusted net income from continuing operations was reported at $24 million and $0.71 per share.
Analysts expect ODP's revenue for the fiscal fourth quarter ending December 2024 to be $1.61 billion. In addition, the company's EPS for the same quarter is expected to be $0.80.
Shares of ODP have plunged 19.9% over the past month to close the last trading session at $25.24.
ODP's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
ODP has an A grade for Value and a B for Quality. The stock is ranked #9 out of 38 stocks in the <a href="https://stocknews.com/category/specialty-retailers/">Specialty Retailers</a> industry.
To see the other ratings of ODP for Growth, Sentiment, Momentum, and Stability, <a href="https://stocknews.com/stock/ODP/">click here</a>.
Stock #2: Sally Beauty Holdings, Inc. (<a href="https://stocknews.com/stock/SBH/">SBH</a>)
SBH operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group.
In terms of the trailing-12-month gross profit margin, SBH's 50.86% is 34.2% higher than the 37.88% industry average. Its 5.49% trailing-12-month ROTA is 40.4% higher than the 3.91% industry average.
SBH's net sales for the third quarter ended September 30, 2024, increased 1.5% year-over-year to $935.03 million. The company's gross profit rose 2.7% over the prior-year quarter to $479.20 million. In addition, its net income and EPS rose 12.9% and 17.9% from the year-ago values to $48.06 million and $0.46, respectively.
For the quarter ending December 31, 2024, SBH's EPS and revenue are expected to increase 10.3% and 1.3% year-over-year to $0.43 and 943.80 million, respectively. It surpassed Street EPS estimates in three of the trailing four quarters. SBH's stock has gained 12.6% over the six months to close the trading session at $13.71.
SBH's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B grade for Value and Quality. It is ranked #7 in the same industry. To access additional grades of SBH for Stability, Momentum, Sentiment, and Growth ratings, <a href="https://stocknews.com/stock/SBH/">click here</a>.
Stock #1: Upbound Group, Inc. (<a href="https://stocknews.com/stock/UPBD/">UPBD</a>)
UPBD leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center; Acima; Mexico; and Franchising.
UPBD's trailing-12-month gross profit margin and levered FCF margin of 48.94% and 32.50% are 29.2% and 599.3% higher than the industry averages of 37.88% and 4.65%, respectively.
During the third quarter, which ended September 30, 2024, UPBD's total revenues grew 9.2% year-over-year to $1.07 million. The company's gross profit increased 2.8% year-over-year to $511.09 million. In addition, the company's net income grew significantly year-over-year to $30.86 million and $0.55 per share, respectively.
The company's revenue is expected to increase 4% year-over-year to $1.06 billion for the fourth quarter ending December 2024. The company's EPS is expected to increase 27.3% year-over-year to $1.03 for the same quarter. It surpassed Street revenue and EPS estimates in each of the trailing four quarters.
Over the past month, UPBD's stock has gained 16.2% to close the last trading session at $34.24.
UPBD's POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. 
UPBD has an A grade for Growth and a B for Quality. Within the same industry, it is ranked #5.
To see UPBD's additional ratings for Stability, Value, Momentum, and Sentiment, <a href="https://stocknews.com/stock/UPBD/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
UPBD shares were trading at $33.88 per share on Wednesday afternoon, down $0.36 (-1.05%). Year-to-date, UPBD has gained 3.18%, versus a 28.85% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/upbd-sbh-odp-3-specialty-retailers-thriving-in-niche-markets/>3 Specialty Retailers Thriving in Niche Markets</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Specialty Retailers Thriving in Niche Markets

Harbor Mid Cap Value Fund Q3 2024 Commentary

Tracking David Einhorn's Greenlight Capital Portfolio - Q3 2024 Update

Noble Financial Remains a Buy on ODP (ODP)

ODP ( ($ODP) ) has issued an update. The ODP Corporation has announced the appointment of Max Hood and Adam Haggard as Co-Chief Financial Officers....

ODP Appoints Co-Chief Financial Officers for Strategic Growth

AGCO

ALIT

ALLY

ALSN

AREA

ATKR

BHFAL

BHFAM

BHFAN

BHFAO

BHFAP

BIIB

BLDR

CEIX

CPRI

CRUS

DINO

DLTR

DNMR

EBIT

FLEX

GDIV

GLRE

GRBK

HALO

HAPI

HAPS

HAPY

HGER

INFO

INNO

LBTYA

LBTYB

LBTYK

LIVN

MAPP

MTDR

OSEA

PCAR

PENN

PTON

RENW

ROIV

SDRL

SIFI

SIHY

SNRE

STNG

TCKRF

TECK

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WINN

Press Releases

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

The ODP Corporation to Present at the Noble Capital Markets' Twentieth Annual Emerging Growth Equity Conference Tuesday, December 3rd, 2024

Office Depot Announces a New Agreement with Verizon for Select Retail Locations

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