ODP (ODP) Stock Forecast, Price & News

2 Wall Street 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 analysts is that investors should "buy" ODP shares.
View ODP analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 12-month price objectives for ODP's stock. Their ODP share price forecasts range from $65.00 to $65.00. On average, they predict the company's share price to reach $65.00 in the next year. This suggests a possible upside of 43.7% from the stock's current price.
View analysts price targets for ODP or view top-rated stocks among Wall Street analysts.

ODP's stock was trading at $45.54 at the beginning of 2023. Since then, ODP stock has decreased by 0.7% and is now trading at $45.22.
View the best growth stocks for 2023 here.

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

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

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).

ODP (NASDAQ:ODP) pays an annual dividend of $0.10 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 2.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ODP will have a dividend payout ratio of 1.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ODP.

ODP's stock reverse split before market open on 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.

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 EPS 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.

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.

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).

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

ODP's stock is owned by a variety of institutional and retail 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.

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.
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One share of ODP stock can currently be purchased for approximately $45.22.

ODP (NASDAQ:ODP) has a market capitalization of $1.72 billion and generates $8.30 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.

The company employs 25,000 workers across the globe.

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.