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Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
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52-week Low Names To Tip The Upside Scale In Your Favor
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Options Trading Plan–Perfect For Beginners (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
Prospect Capital Corporation: A Gold Nugget or Value Trap?
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
52-week Low Names To Tip The Upside Scale In Your Favor
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Options Trading Plan–Perfect For Beginners (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
Prospect Capital Corporation: A Gold Nugget or Value Trap?
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
52-week Low Names To Tip The Upside Scale In Your Favor
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Options Trading Plan–Perfect For Beginners (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
Prospect Capital Corporation: A Gold Nugget or Value Trap?
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
52-week Low Names To Tip The Upside Scale In Your Favor
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
NASDAQ:ODP

ODP (ODP) Stock Forecast, Price & News

$45.48
+0.26 (+0.57%)
(As of 09/22/2023 ET)
Compare
Today's Range
$44.96
$45.90
50-Day Range
$45.22
$51.00
52-Week Range
$34.55
$53.59
Volume
227,439 shs
Average Volume
332,117 shs
Market Capitalization
$1.73 billion
P/E Ratio
10.60
Dividend Yield
N/A
Price Target
$65.00

ODP MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
42.9% Upside
$65.00 Price Target
Short Interest
Bearish
15.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.55mentions of ODP in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$5.92 M Sold Last Quarter
Proj. Earnings Growth
10.38%
From $5.20 to $5.74 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

53rd out of 199 stocks

Miscellaneous Shopping Goods Stores Industry

4th out of 9 stocks


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

Analyzing ODP (NASDAQ:ODP) and JB Hi-Fi (OTCMKTS:JBHIF)
MarketBeat's Top 5 Stock Picks - Just Released
MarketBeat has just released five new trading ideas to All Access subscribers, but Tesla, Apple, and Netflix didn't make the cut. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. Now, MarketBeat thinks these five stocks may be even better buys.
ODP Corp. (ODP) is a Top-Ranked Value Stock: Should You Buy?
Office Depot parent company appoints temporary CEO
MarketBeat's Top 5 Stock Picks - Just Released
MarketBeat has just released five new trading ideas to All Access subscribers, but Tesla, Apple, and Netflix didn't make the cut. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. Now, MarketBeat thinks these five stocks may be even better buys.
ODP Chief Executive Smith Takes Medical Leave >ODP
ODP Corp. Boosts FY23 Adj. EPS Outlook - Update
The ODP Corporation Q2 Profit Increases, beats estimates
Q2 2023 ODP Corp Earnings Call
ODP Guides for Lower Sales, Higher Adjusted EPS
See More Headlines
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ODP Company Calendar

Last Earnings
8/09/2023
Today
9/23/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Miscellaneous shopping goods stores
Sub-Industry
Specialty Stores
Current Symbol
NASDAQ:ODP
CUSIP
67622010
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
+42.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$166 million
Pretax Margin
3.39%

Debt

Sales & Book Value

Annual Sales
$8.49 billion
Cash Flow
$7.52 per share
Book Value
$28.09 per share

Miscellaneous

Free Float
36,869,000
Market Cap
$1.73 billion
Optionable
Optionable
Beta
1.78

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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













ODP Stock - Frequently Asked Questions

Should I buy or sell ODP stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ODP in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 1 year price objectives for ODP's shares. Their ODP share price forecasts range from $65.00 to $65.00. On average, they predict the company's stock price to reach $65.00 in the next twelve months. This suggests a possible upside of 42.9% 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 0.1% and is now trading at $45.48.
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) announced its quarterly earnings results on Wednesday, August, 9th. The specialty retailer reported $0.99 EPS for the quarter, beating the consensus estimate of $0.77 by $0.22. The specialty retailer had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.98 billion. ODP had a trailing twelve-month return on equity of 17.82% and a net margin of 2.29%. The business's revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 EPS.

When did ODP's stock split?

Shares of ODP 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 market closes 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 updated its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (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 number of retail and institutional investors. Top institutional shareholders 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 $45.48.

How much money does ODP make?

ODP (NASDAQ:ODP) has a market capitalization of $1.73 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 9/23/2023 by MarketBeat.com Staff

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