NASDAQ:ODP - Office Depot Stock Price, News, & Analysis

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$1.99 -0.03 (-1.49 %)
(As of 05/24/2019 02:47 AM ET)
Previous Close$2.02
Today's Range$2.00 - $2.03
52-Week Range$1.92 - $3.82
Volume8.31 million shs
Average Volume5.99 million shs
Market Capitalization$1.09 billion
P/E Ratio5.69
Dividend Yield4.95%
Beta2.5
Office Depot, Inc. provides business services and supplies, products, and technology solutions. The company operates in three divisions: Business Solutions, Retail, and CompuCom. The Business Solutions division offers office supply products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, U.S. Virgin Islands, and Canada. The Retail division operates a chain of retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and furniture in the United States, Puerto Rico, and the U.S. Virgin Islands. Its stores also provide printing, reproduction, mailing, and shipping services. As of April 4, 2019, this division operated 1,350 office supply stores. The CompuCom division sells information technology (IT) outsourcing services and products in the United States, Canada, and Costa Rica. It offers a range of solutions, including end user computing support, managed IT services, data center monitoring and management, service desk, network infrastructure, IT workforce solutions, mobile device management, and cloud services. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, and Grand & Toy. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.

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Industry, Sector and Symbol

Industry Miscellaneous shopping goods stores
Sub-IndustrySpecialty Stores
SectorRetail/Wholesale
Current SymbolNASDAQ:ODP
CUSIP67622010
Phone561-438-4800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.02 billion
Cash Flow$0.7107 per share
Book Value$3.86 per share

Profitability

Net Income$104 million

Miscellaneous

Employees44,000
Market Cap$1.09 billion
Next Earnings Date8/6/2019 (Estimated)
OptionableOptionable

Office Depot (NASDAQ:ODP) Frequently Asked Questions

What is Office Depot's stock symbol?

Office Depot trades on the NASDAQ under the ticker symbol "ODP."

How often does Office Depot pay dividends? What is the dividend yield for Office Depot?

Office Depot declared a quarterly dividend on Thursday, May 9th. Investors of record on Friday, May 24th will be paid a dividend of $0.025 per share on Friday, June 14th. This represents a $0.10 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Thursday, May 23rd. View Office Depot's Dividend History.

How will Office Depot's stock buyback program work?

Office Depot declared that its Board of Directors has approved a share repurchase program on Tuesday, November 20th 2018, which permits the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) released its earnings results on Wednesday, May, 8th. The specialty retailer reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.06 by $0.01. The specialty retailer earned $2.77 billion during the quarter, compared to analysts' expectations of $2.76 billion. Office Depot had a return on equity of 8.95% and a net margin of 0.64%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. View Office Depot's Earnings History.

When is Office Depot's next earnings date?

Office Depot is scheduled to release their next quarterly earnings announcement on Tuesday, August 6th 2019. View Earnings Estimates for Office Depot.

What guidance has Office Depot issued on next quarter's earnings?

Office Depot issued an update on its FY 2019 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $10.8-10.9 billion, compared to the consensus revenue estimate of $10.9 billion.

What price target have analysts set for ODP?

2 brokerages have issued twelve-month target prices for Office Depot's stock. Their forecasts range from $2.00 to $4.00. On average, they expect Office Depot's share price to reach $3.00 in the next twelve months. This suggests a possible upside of 50.8% from the stock's current price. View Analyst Price Targets for Office Depot.

What is the consensus analysts' recommendation for Office Depot?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Office Depot in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Office Depot.

Has Office Depot been receiving favorable news coverage?

Press coverage about ODP stock has trended very negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Office Depot earned a news impact score of -3.0 on InfoTrie's scale. They also gave media headlines about the specialty retailer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days.

Are investors shorting Office Depot?

Office Depot saw a increase in short interest in the month of April. As of April 30th, there was short interest totalling 18,569,375 shares, an increase of 31.0% from the April 15th total of 14,170,627 shares. Based on an average trading volume of 4,866,316 shares, the short-interest ratio is currently 3.8 days. Approximately 3.5% of the shares of the company are sold short. View Office Depot's Current Options Chain.

Who are some of Office Depot's key competitors?

What other stocks do shareholders of Office Depot own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Office Depot investors own include Tengasco (TGC), Bank of America (BAC), Warren Resources (WRESQ), Ford Motor (F), General Electric (GE), Linn Energy (LINEQ), Intel (INTC), AT&T (T), Advanced Micro Devices (AMD) and Micron Technology (MU).

Who are Office Depot's key executives?

Office Depot's management team includes the folowing people:
  • Mr. Gerry P. Smith, CEO & Director (Age 56)
  • Mr. Joseph T. Lower, Exec. VP & CFO (Age 52)
  • Mr. N. David Bleisch, Exec. VP, Chief Legal & Admin. Officer and Corp. Sec. (Age 60)
  • Ms. Jerri L. DeVard, Exec. VP & Chief Customer Officer (Age 61)
  • Mr. Scott A. Kriss, Sr. VP & Chief Accounting Officer (Age 51)

Who are Office Depot's major shareholders?

Office Depot's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.69%), Dimensional Fund Advisors LP (8.37%), Hotchkis & Wiley Capital Management LLC (6.77%), Hotchkis & Wiley Capital Management LLC (6.77%), LSV Asset Management (4.88%) and JPMorgan Chase & Co. (2.42%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, Michael R Allison, Michael Rabinovitch and Nigel Travis. View Institutional Ownership Trends for Office Depot.

Which major investors are selling Office Depot stock?

ODP stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Aristotle Fund L.P., Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC, AQR Capital Management LLC, Dimensional Fund Advisors LP, Spark Investment Management LLC and Kennedy Capital Management Inc.. View Insider Buying and Selling for Office Depot.

Which major investors are buying Office Depot stock?

ODP stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, LSV Asset Management, JPMorgan Chase & Co., Majedie Asset Management Ltd, Great West Life Assurance Co. Can, Skandinaviska Enskilda Banken AB publ , Oxford Asset Management LLP and Acadian Asset Management LLC. Company insiders that have bought Office Depot stock in the last two years include Joseph T Lower, Joseph Vassalluzzo and Nigel Travis. View Insider Buying and Selling for Office Depot.

How do I buy shares of Office Depot?

Shares of ODP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Office Depot's stock price today?

One share of ODP stock can currently be purchased for approximately $1.99.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.09 billion and generates $11.02 billion in revenue each year. The specialty retailer earns $104 million in net income (profit) each year or $0.35 on an earnings per share basis. Office Depot employs 44,000 workers across the globe.

What is Office Depot's official website?

The official website for Office Depot is http://www.officedepot.com/.

How can I contact Office Depot?

Office Depot's mailing address is 6600 NORTH MILITARY TRAIL, BOCA RATON FL, 33496. The specialty retailer can be reached via phone at 561-438-4800 or via email at [email protected]


MarketBeat Community Rating for Office Depot (NASDAQ ODP)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  303 (Vote Outperform)
Underperform Votes:  526 (Vote Underperform)
Total Votes:  829
MarketBeat's community ratings are surveys of what our community members think about Office Depot and other stocks. Vote "Outperform" if you believe ODP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ODP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/24/2019 by MarketBeat.com Staff

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