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NASDAQ:ODP

ODP (ODP) Stock Forecast, Price & News

$45.16
-0.39 (-0.86%)
(As of 04:00 PM ET)
Compare
Today's Range
$45.11
▼
$46.33
50-Day Range
$45.22
▼
$51.00
52-Week Range
$34.95
▼
$53.59
Volume
231,563 shs
Average Volume
368,642 shs
Market Capitalization
$1.72 billion
P/E Ratio
10.53
Dividend Yield
N/A
Price Target
$65.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

ODP MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
42.7% Upside
$65.00 Price Target
Short Interest
Bearish
16.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.49mentions of ODP in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$4.25 M Sold Last Quarter
Proj. Earnings Growth
9.81%
From $5.20 to $5.71 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.50 out of 5 stars

Retail/Wholesale Sector

79th out of 210 stocks

Miscellaneous Shopping Goods Stores Industry

4th out of 9 stocks

See Top Rated MarketRank™ Stocks Here

ODP stock logo

About ODP (NASDAQ:ODP) Stock

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis. The ODP Business Solutions division offers adjacency products, including cleaning, janitorial, and breakroom supplies, office furniture, technology products; and copy and print services through sales force, catalogs, telesales, and through Internet websites. This segment also engages in office supply distribution business. The Office Depot division sells office supplies, technology products and solutions, business machines and related supplies, cleaning, breakroom and facilities products, personal protective equipment, and office furniture; and offers business services, including copying, printing, digital imaging, mailing, shipping, and technology support services through a fully integrated omni-channel platform of 980 Office Depot and OfficeMax retail stores, and through www.officedepot.com. The Veyer division engages in supply chain, distribution, procurement and global sourcing operations. The Varis division operates tech-enabled B2B indirect procurement marketplace, where buyers and suppliers to transact through the platform's consumer-like buying experience, advanced spend management tools, network of suppliers, and technology capabilities. The company offers its products under various brands, including Office Depot, OfficeMax, and Grand&Toy, as well as others. The ODP Corporation was incorporated in 1986 and is headquartered in Boca Raton, Florida.

ODP Price History

ODP Stock News Headlines

September 23, 2023 | americanbankingnews.com
Equities Analysts Offer Predictions for The ODP Co.'s Q4 2023 Earnings (NASDAQ:ODP)
September 23, 2023 | americanbankingnews.com
Analyzing ODP (NASDAQ:ODP) and JB Hi-Fi (OTCMKTS:JBHIF)
September 27, 2023 | Wall Street Fundamentals (Ad)
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
September 22, 2023 | americanbankingnews.com
Q3 2023 Earnings Forecast for The ODP Co. Issued By B. Riley (NASDAQ:ODP)
September 19, 2023 | msn.com
ODP Corp announces temporary medical leave of absence for CEO Gerry Smith
September 19, 2023 | finance.yahoo.com
ODP Corp. (ODP) is a Top-Ranked Value Stock: Should You Buy?
September 18, 2023 | finance.yahoo.com
The ODP Corporation to Participate in the Sidoti Small Cap Virtual Conference Wednesday, September 20th, 2023
September 18, 2023 | bizjournals.com
Office Depot parent company appoints temporary CEO
September 27, 2023 | Edge On The Street (Ad)
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
September 18, 2023 | marketwatch.com
ODP Chief Executive Smith Takes Medical Leave >ODP
September 12, 2023 | businesswire.com
The ODP Corporation to Participate in the B. Riley Securities Consumer Conference Thursday, September 14 th, 2023
September 12, 2023 | finance.yahoo.com
The ODP Corporation to Participate in the B. Riley Securities Consumer Conference Thursday, September 14th, 2023
August 29, 2023 | msn.com
ODP Corporation: Macro Headwinds Intensify, Downgrade To Neutral
August 23, 2023 | msn.com
Noble Capital Markets Initiates Coverage of ODP Corporation (ODP) with Outperform Recommendation
August 23, 2023 | finance.yahoo.com
ODP Business Solutions Releases 2023 Diverse Supplier Catalog
August 14, 2023 | markets.businessinsider.com
Fort Lauderdale Selected as Host Site for Artificial Intelligence Bootcamp – APPLICATIONS CLOSING SOON!
August 14, 2023 | finance.yahoo.com
Are Investors Undervaluing The ODP Corporation (NASDAQ:ODP) By 50%?
August 14, 2023 | msn.com
Del Mar Elementary School selected to receive massive back-to-school funds from Office Depot
August 11, 2023 | markets.businessinsider.com
ODP Corp. Boosts FY23 Adj. EPS Outlook - Update
August 11, 2023 | msn.com
Forest Hills Elementary students gifted backpacks and supplies from Office Depot
August 11, 2023 | finance.yahoo.com
The ODP Corporation (NASDAQ:ODP) Q2 2023 Earnings Call Transcript
August 11, 2023 | markets.businessinsider.com
The ODP Corporation Q2 Profit Increases, beats estimates
August 10, 2023 | finance.yahoo.com
Q2 2023 ODP Corp Earnings Call
August 9, 2023 | msn.com
Office Depot Parent ODP Corp.'s Q2 Earnings Beats Expectations Despite Sales Decline, Raises Annual Outlook
August 9, 2023 | marketwatch.com
ODP Guides for Lower Sales, Higher Adjusted EPS
August 9, 2023 | msn.com
The ODP Corporation reports mixed Q2 earnings; updates FY23 outlook
August 9, 2023 | seekingalpha.com
The ODP Corporation 2023 Q2 - Results - Earnings Call Presentation
See More Headlines
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ODP Company Calendar

Last Earnings
8/09/2023
Today
9/27/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Miscellaneous shopping goods stores
Sub-Industry
Specialty Stores
Sector
Retail/Wholesale
Current Symbol
NASDAQ:ODP
CUSIP
67622010
CIK
800240
Web
www.officedepot.com
Phone
(561) 438-4800
Fax
800-685-5010
Employees
25,000
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$65.00
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+43.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.29
Trailing P/E Ratio
10.55
Forward P/E Ratio
8.71
P/E Growth
0.63
Net Income
$166 million
Net Margins
2.29%
Pretax Margin
3.39%
Return on Equity
17.82%
Return on Assets
5.48%

Debt

Debt-to-Equity Ratio
0.15
Current Ratio
0.98
Quick Ratio
0.51

Sales & Book Value

Annual Sales
$8.49 billion
Price / Sales
0.20
Cash Flow
$7.47 per share
Price / Cash Flow
6.06
Book Value
$28.09 per share
Price / Book
1.61

Miscellaneous

Outstanding Shares
38,050,000
Free Float
36,869,000
Market Cap
$1.72 billion
Optionable
Optionable
Beta
1.78

Social Links

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Key Executives

  • Mr. Gerry P. SmithMr. Gerry P. Smith (Age 60)
    CEO & Director (Leave of Absence)
    Comp: $3.02M
  • Mr. Diego Anthony Scaglione (Age 51)
    Exec. VP & CFO
    Comp: $1.59M
  • Ms. Sarah E. Hlavinka (Age 58)
    Exec. VP, Chief Legal & Admin. Officer and Corp. Sec.
    Comp: $1.13M
  • Mr. John W. GannforsMr. John W. Gannfors (Age 57)
    Exec. VP & Pres of Veyer
    Comp: $1.25M
  • Mr. Max W. Hood (Age 44)
    Sr. VP, Chief Accounting Officer & Controller
  • Mr. Timothy J. Perrott
    VP of Investor Relations
  • Ms. Zoe Maloney (Age 50)
    Exec. VP & Chief HR Officer
  • Mr. Kevin MoffittMr. Kevin Moffitt (Age 49)
    Exec. VP & Pres of Office Depot
  • Mr. David Centrella (Age 52)
    Exec. VP & Pres of Bus. Solutions Division
  • Mr. Prentis D. Wilson
    Pres of Varis

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













ODP Stock - Frequently Asked Questions

Should I buy or sell ODP stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ODP in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ODP shares.
View ODP analyst ratings or view top-rated stocks.

What is ODP's stock price forecast for 2023?

2 equities research analysts have issued 12 month target prices for ODP's stock. Their ODP share price forecasts range from $65.00 to $65.00. On average, they anticipate the company's share price to reach $65.00 in the next twelve months. This suggests a possible upside of 43.6% from the stock's current price.
View analysts price targets for ODP or view top-rated stocks among Wall Street analysts.

How have ODP shares performed in 2023?

ODP's stock was trading at $45.54 on January 1st, 2023. Since then, ODP stock has decreased by 0.6% and is now trading at $45.27.
View the best growth stocks for 2023 here.

When is ODP's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ODP earnings forecast.

How were ODP's earnings last quarter?

The ODP Co. (NASDAQ:ODP) posted its quarterly earnings results on Wednesday, August, 9th. The specialty retailer reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.22. The specialty retailer earned $1.91 billion during the quarter, compared to analysts' expectations of $1.98 billion. ODP had a net margin of 2.29% and a trailing twelve-month return on equity of 17.82%. The firm's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 EPS.

What ETFs hold ODP's stock?

ETFs with the largest weight of ODP (NASDAQ:ODP) stock in their portfolio include SPDR S&P Retail ETF (XRT), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Roundhill Acquirers Deep Value ETF (DEEP), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Direxion Daily Retail Bull 3X Shares (RETL), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

When did ODP's stock split?

ODP shares reverse split on the morning of Wednesday, July 1st 2020. The 1-10 reverse split was announced on Friday, June 26th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, June 30th 2020. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

What guidance has ODP issued on next quarter's earnings?

ODP issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of $5.00-$5.30 for the period, compared to the consensus earnings per share estimate of $4.96. The company issued revenue guidance of $8.00 billion-$8.00 billion, compared to the consensus revenue estimate of $8.20 billion.

What is Gerry Smith's approval rating as ODP's CEO?

720 employees have rated ODP Chief Executive Officer Gerry Smith on Glassdoor.com. Gerry Smith has an approval rating of 37% among the company's employees. This puts Gerry Smith in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of ODP own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ODP investors own include Bank of America (BAC), AT&T (T), Ford Motor (F), General Electric (GE), Intel (INTC), Warren Resources (WRESQ), Verizon Communications (VZ), Walt Disney (DIS) and Micron Technology (MU).

What is ODP's stock symbol?

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

Who are ODP's major shareholders?

ODP's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.35%), Dimensional Fund Advisors LP (8.49%), LSV Asset Management (4.95%), State Street Corp (4.03%), Goldman Sachs Group Inc. (2.90%) and Hotchkis & Wiley Capital Management LLC (2.24%). Insiders that own company stock include Diego Anthony Scaglione, Gerry P Smith, John Gannfors, Kevin Moffitt, N David Bleisch, Richard A Haas Jr, Stephen M Mohan and Zoe Maloney.
View institutional ownership trends.

How do I buy shares of ODP?

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

What is ODP's stock price today?

One share of ODP stock can currently be purchased for approximately $45.27.

How much money does ODP make?

ODP (NASDAQ:ODP) has a market capitalization of $1.72 billion and generates $8.49 billion in revenue each year. The specialty retailer earns $166 million in net income (profit) each year or $4.29 on an earnings per share basis.

How many employees does ODP have?

The company employs 25,000 workers across the globe.

Does ODP have any subsidiaries?
The following companies are subsidiares of ODP: 2300 South Congress LLC, 4Sure.com Inc., 6600 North Holdings LLC, 6600 North Owner LLC, Admiral Express LLC, Allied Building Products, Americas Office Source Inc., AsiaEC.com, AsiaEC.com Limited, Bertelson Brothers Inc., Best Office Co, BuyerQuest Holdings Inc, COS Business Products & Interiors Inc., Chicago Regency LLC, Clearfield Insurance Limited, Complete Office LLC, Complete Office Solutions, Complete Office of California Inc., Complete Office of Wisconsin Inc., CompuCom, Computers4Sure, Computers4Sure.com Inc., Discount Office Items Inc., Garvey’s Office Products Inc., Grand & Toy Limited, Guilbert Express SA, Guilbert UK Pension Trustees Ltd, HC Land Company LLC, Japan Office Supplies LLC, Lincoln Merger Sub Two LLC, Mapleby Holdings Merger Corporation, Midway Office Supply LLC, Neighborhood Retail Development Fund LLC, North American Card and Coupon Services LLC, Notus Aviation Inc., OD Brazil Holdings LLC, OD France L.L.C., OD International Inc., OD Medical Solutions LLC, ODP Business Solutions Holdings LLC, ODP Business Solutions LLC, ODP International LLC, ODP Investment LLC, ODV France LLC, OM Luxembourg Holdings S.à r.l., OMX Inc., OMX Timber Finance Holdings I LLC, OMX Timber Finance Holdings II LLC, Office Depot Asia Holding Limited, Office Depot Foreign Holdings GP LLC, Office Depot Foreign Holdings LP LLC, Office Depot Global Sourcing Ltd, Office Depot LLC, Office Depot Merchandising (Shenzhen) Co. Ltd., Office Depot N.A. Shared Services LLC, Office Depot Overseas Holding Limited, Office Depot Pension Finance LLC, Office Depot Puerto Rico LLC, Office Depot UK Pension Sponsor Limited, Office Essentials Inc., Office Max, OfficeMax Incorporated, OfficeMax Nevada Company, OfficeMax North America Inc., OfficeMax Southern Company, POP Pinnacle Office Products LLC, Papirius, Perimeter Office Products Inc., Picabo Holdings Inc., Premium Inc., Regency Franchise Group LLC, Regency Office Products LLC, Regency Office Products of Missouri LLC, Reliable Express Corporation, SOS Investments LLC, Sandia Office Supply Inc., Solutions4Sure.com, Solutions4Sure.com Inc., Swinton Avenue Trading Limited Inc., The Office Club Inc., Trio Supply Company, Varis Holdings LLC, Varis LLC, Veyer LLC, Veyer Logistics LLC, Viking Direct (Ireland) Ltd, Viking Office Products Inc., Wahkiakum Gas Corporation, ZerBee LLC, and eDepot LLC.
Read More
How can I contact ODP?

ODP's mailing address is 6600 NORTH MILITARY TRAIL, BOCA RATON FL, 33496. The official website for the company is www.officedepot.com. The specialty retailer can be reached via phone at (561) 438-4800, via email at investor.relations@officedepot.com, or via fax at 800-685-5010.

This page (NASDAQ:ODP) was last updated on 9/27/2023 by MarketBeat.com Staff

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