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

$2.25
+0.05 (+2.27 %)
(As of 12/6/2019 04:00 PM ET)
Today's Range
$2.19
Now: $2.25
$2.26
50-Day Range
$1.93
MA: $2.22
$2.61
52-Week Range
$1.23
Now: $2.25
$3.82
Volume7.28 million shs
Average Volume5.96 million shs
Market Capitalization$1.23 billion
P/E Ratio6.43
Dividend Yield4.55%
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$0.74 per share
Book Value$3.89 per share

Profitability

Net Income$104 million

Miscellaneous

Employees44,000
Market Cap$1.23 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. Investors of record on Friday, November 22nd will be given a dividend of $0.025 per share on Friday, December 13th. This represents a $0.10 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend 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 has initiated a share repurchase plan on Tuesday, November 20th 2018, which authorizes the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) issued its earnings results on Wednesday, November, 6th. The specialty retailer reported $0.15 EPS for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.01. The specialty retailer had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.84 billion. Office Depot had a net margin of 0.28% and a return on equity of 10.05%. The business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. 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 brokerages have issued 12 month target prices for Office Depot's stock. Their forecasts range from $1.20 to $1.20. On average, they expect Office Depot's stock price to reach $1.20 in the next year. This suggests that the stock has a possible downside of 46.7%. 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?

Media headlines about ODP stock have been trending extremely negative recently, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Office Depot earned a media sentiment score of -4.2 on InfoTrie's scale. They also gave media headlines about the specialty retailer a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the next few days. View News Stories for Office Depot.

Are investors shorting Office Depot?

Office Depot saw a decrease in short interest in the month of October. As of October 15th, there was short interest totalling 25,320,000 shares, a decrease of 13.7% from the September 15th total of 29,330,000 shares. Based on an average trading volume of 6,330,000 shares, the days-to-cover ratio is currently 4.0 days. Currently, 4.7% of the company's stock 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 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 a variety of of institutional and retail investors. Top institutional investors 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 bought 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 $2.25.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.23 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 12/7/2019 by MarketBeat.com Staff

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