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

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$2.75 -0.09 (-3.17 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$2.84
Today's Range$2.73 - $2.88
52-Week Range$2.00 - $3.66
Volume3.57 million shs
Average Volume5.74 million shs
Market Capitalization$1.61 billion
P/E Ratio6.11
Dividend Yield3.40%
Beta2.74
Office Depot, Inc., together with its subsidiaries, provides various products and services. It operates in three divisions: Retail, Business Solutions, and CompuCom. The Retail division operates retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and office furniture in the United States, Puerto Rico, and the U.S. Virgin Islands. Its stores also provide printing, reproduction, mailing, and shipping services. As of December 31, 2017, this division operated 1,378 office supply stores. The Business Solutions division sells office supply products and services through sales forces, catalogs, and telesales, as well as through Internet sites in the United States, Puerto Rico, U.S. Virgin Islands, and Canada. The CompuCom division sells information technology (IT) outsourcing services and products in the United States, Canada, and Costa Rica. It offers a range of solutions, including end user computing (tablets, smartphones, laptops, and desktops), data center management, service desk, network infrastructure, and IT workforce solutions. This division serves its customers through IT service and sales representatives and telesales, as well as Internet sites. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, and Grand & Toy. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Miscellaneous shopping goods stores
Sub-IndustrySpecialty Stores
SectorRetail/Wholesale
Current SymbolNASDAQ:ODP
Previous Symbol
CUSIP67622010
Phone561-438-4800

Debt

Debt-to-Equity Ratio0.75
Current Ratio1.35
Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio6.11
Forward P/E Ratio8.33
P/E GrowthN/A

Sales & Book Value

Annual Sales$10.24 billion
Price / Sales0.15
Cash Flow$0.7275 per share
Price / Cash Flow3.78
Book Value$4.11 per share
Price / Book0.67

Profitability

EPS (Most Recent Fiscal Year)$0.45
Net Income$181 million
Net Margins0.59%
Return on Equity8.90%
Return on Assets3.01%

Miscellaneous

Employees45,000
Outstanding Shares547,200,000
Market Cap$1.61 billion
OptionableOptionable

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 7th. Shareholders of record on Friday, November 23rd will be given a dividend of $0.025 per share on Friday, December 14th. This represents a $0.10 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Wednesday, November 21st. View Office Depot's Dividend History.

How will Office Depot's stock buyback program work?

Office Depot announced that its board has approved a stock repurchase plan on Tuesday, November 20th 2018, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its shares are undervalued.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) released its quarterly earnings results on Wednesday, November, 7th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The specialty retailer had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. Office Depot had a return on equity of 8.90% and a net margin of 0.59%. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 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 27th 2019. View Earnings Estimates for Office Depot.

What guidance has Office Depot issued on next quarter's earnings?

Office Depot issued an update on its FY 2019 earnings guidance on Wednesday, November, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $11.1-11.1 billion, compared to the consensus revenue estimate of $10.79 billion.Office Depot also updated its FY 2018 guidance to EPS.

What price target have analysts set for ODP?

4 equities research analysts have issued 12 month price targets for Office Depot's stock. Their forecasts range from $4.00 to $5.00. On average, they expect Office Depot's share price to reach $4.50 in the next year. This suggests a possible upside of 63.6% from the stock's current price. View Analyst Price Targets for Office Depot.

What is the consensus analysts' recommendation for Office Depot?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Office Depot in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Office Depot.

Has Office Depot been receiving favorable news coverage?

News headlines about ODP stock have been trending somewhat negative on Friday, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Office Depot earned a daily sentiment score of -1.1 on InfoTrie's scale. They also gave news articles about the specialty retailer a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an impact on the stock's share price in the near term.

Are investors shorting Office Depot?

Office Depot saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 18,801,310 shares, a decline of 18.6% from the October 31st total of 23,093,498 shares. Based on an average trading volume of 6,988,371 shares, the short-interest ratio is presently 2.7 days. Currently, 3.5% of the company's stock are sold short. View Office Depot's Current Options Chain.

Who are some of Office Depot's key competitors?

Who are Office Depot's key executives?

Office Depot's management team includes the folowing people:
  • Mr. Gerry P. Smith, CEO & Director (Age 55)
  • Mr. Brian Todd Hale, Exec. VP & Chief Information Officer (Age 45)
  • Mr. John W. Gannfors, Exec. VP and Chief Merchandising & Supply Chain Officer (Age 52)
  • Mr. Stephen Robert Calkins, Pres of Bus. Solutions Division (Age 47)
  • Mr. Joseph T. Lower, Exec. VP & CFO (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 shareholders include BlackRock Inc. (14.28%), Vanguard Group Inc (10.21%), Vanguard Group Inc. (10.21%), Dimensional Fund Advisors LP (8.50%), Fairpointe Capital LLC (5.15%) and LSV Asset Management (2.89%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, Juliet Johansson, Michael R Allison, Michael Rabinovitch, Nigel Travis and Stephen R Calkins. View Institutional Ownership Trends for Office Depot.

Which institutional investors are selling Office Depot stock?

ODP stock was sold by a variety of institutional investors in the last quarter, including Fairpointe Capital LLC, AQR Capital Management LLC, Hsbc Holdings PLC, Prudential Financial Inc., ClariVest Asset Management LLC, Nordea Investment Management AB, Creative Planning and GSA Capital Partners LLP. View Insider Buying and Selling for Office Depot.

Which institutional investors are buying Office Depot stock?

ODP stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Marshall Wace LLP, Dimensional Fund Advisors LP, Laurion Capital Management LP, Mackenzie Financial Corp, LSV Asset Management, Morgan Stanley and Vanguard Group Inc. 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, Scottrade, Fidelity and Charles Schwab.

What is Office Depot's stock price today?

One share of ODP stock can currently be purchased for approximately $2.75.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.61 billion and generates $10.24 billion in revenue each year. The specialty retailer earns $181 million in net income (profit) each year or $0.45 on an earnings per share basis. Office Depot employs 45,000 workers across the globe.

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:  1.8 out of 5 (star)
Outperform Votes:  276 (Vote Outperform)
Underperform Votes:  491 (Vote Underperform)
Total Votes:  767
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 12/14/2018 by MarketBeat.com Staff

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