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

$2.41
+0.14 (+6.17 %)
(As of 12/12/2019 02:08 PM ET)
Today's Range
$2.27
Now: $2.41
$2.46
50-Day Range
$1.95
MA: $2.25
$2.61
52-Week Range
$1.23
Now: $2.41
$3.82
Volume284,146 shs
Average Volume5.67 million shs
Market Capitalization$1.32 billion
P/E Ratio6.89
Dividend Yield4.40%
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. Read More…

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$0.78 per share
Book Value$3.89 per share

Profitability

Net Income$104 million

Miscellaneous

Employees44,000
Market Cap$1.32 billion
Next Earnings Date2/26/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Wednesday, November 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.025 per share on Friday, December 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Thursday, November 21st. View Office Depot's Dividend History.

How will Office Depot's stock buyback program work?

Office Depot announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 20th 2018, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 6.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) announced its quarterly earnings data on Wednesday, November, 6th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.01. The specialty retailer earned $2.78 billion during the quarter, compared to analyst estimates of $2.84 billion. Office Depot had a net margin of 0.28% and a return on equity of 10.05%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 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 Wednesday, February 26th 2020. View Earnings Estimates for Office Depot.

What price target have analysts set for ODP?

1 brokers have issued 12 month price objectives for Office Depot's shares. Their forecasts range from $1.20 to $1.20. On average, they anticipate Office Depot's stock price to reach $1.20 in the next year. This suggests that the stock has a possible downside of 50.6%. View Analyst Price Targets for Office Depot.

What is the consensus analysts' recommendation for Office Depot?

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

Has Office Depot been receiving favorable news coverage?

News articles about ODP stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Office Depot earned a media sentiment score of -3.1 on InfoTrie's scale. They also gave media coverage about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Office Depot.

Are investors shorting Office Depot?

Office Depot saw a decline in short interest in October. As of October 15th, there was short interest totalling 25,320,000 shares, a decline of 13.7% from the September 15th total of 29,330,000 shares. Based on an average daily trading volume, of 6,330,000 shares, the days-to-cover ratio is presently 4.0 days. Approximately 4.7% of the company's stock are short sold. 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 Bank of America (BAC), Tengasco (TGC), Warren Resources (WRESQ), Ford Motor (F), Intel (INTC), Linn Energy (LINEQ), General Electric (GE), AT&T (T), Micron Technology (MU) and Walt Disney (DIS).

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 many different of institutional and retail investors. Top institutional shareholders include Canyon Capital Advisors LLC (4.08%), State Street Corp (3.38%), Fairpointe Capital LLC (1.77%), Rhumbline Advisers (0.33%), Congress Asset Management Co. MA (0.22%) and First Trust Advisors LP (0.22%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, 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 Fairpointe Capital LLC, Nisa Investment Advisors LLC, Municipal Employees Retirement System of Michigan, Congress Asset Management Co. MA, WBI Investments Inc., Zebra Capital Management LLC, New York State Teachers Retirement System and CLARET ASSET MANAGEMENT Corp. 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 Canyon Capital Advisors LLC, First Trust Advisors LP, SG Americas Securities LLC, State of Alaska Department of Revenue, California Public Employees Retirement System, Prestige Wealth Management Group LLC, Creative Planning and Denali Advisors 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, Robinhood, Fidelity and Charles Schwab.

What is Office Depot's stock price today?

One share of ODP stock can currently be purchased for approximately $2.43.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.33 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.View Additional Information About Office Depot.

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:  1.9 out of 5 (star)
Outperform Votes:  346 (Vote Outperform)
Underperform Votes:  561 (Vote Underperform)
Total Votes:  907
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 12/12/2019 by MarketBeat.com Staff

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