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NASDAQ:ODP

ODP - ODP Stock Forecast, Price & News

$45.12
+0.36 (+0.80%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
$43.91
$45.28
50-Day Range
$44.71
$53.00
52-Week Range
$28.85
$53.59
Volume
173,199 shs
Average Volume
378,608 shs
Market Capitalization
$1.81 billion
P/E Ratio
13.51
Dividend Yield
N/A
Price Target
$41.00

ODP MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.1% Downside
$41.00 Price Target
Short Interest
Bearish
13.34% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.26mentions of ODP in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.70 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.44 out of 5 stars

Retail/Wholesale Sector

193rd out of 209 stocks

Miscellaneous Shopping Goods Stores Industry

9th out of 9 stocks


ODP stock logo

About ODP (NASDAQ:ODP) Stock

The ODP Corp. is a holding company, which engages in the provision of business services and supplies, products, and digital workplace technology solutions. It operates through the following divisions: ODP Business Solutions, Office Depot, Veyer, and Varis. The ODP Business Solutions division provides solutions to small, medium and enterprise level companies, including those in the public and education sectors. The Office Depot division covers the provision of solutions through omni-channel platform of 980 Office Depot and OfficeMax retail locations in the United States, Puerto Rico and the U.S. Virgin Islands, and an eCommerce presence. The Veyer division is the supply chain, distribution, procurement, and global sourcing operation. The Varis division includes the tech-enabled B2B indirect procurement marketplace. The company was founded in 1986 and is headquartered in Boca Raton, FL.

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ODP Stock News Headlines

The ODP Co. (NASDAQ:ODP) EVP Sells $507,487.50 in Stock
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
ODP Full Year 2022 Earnings: EPS Misses Expectations
Q4 2022 ODP Corp Earnings Call
You Down With ODP? Yeah, You Know Me
ODP Corp. realigns business units for revenue growth
See More Headlines
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ODP Company Calendar

Last Earnings
3/01/2023
Today
3/24/2023
Next Earnings (Estimated)
5/03/2023
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
$41.00
High Stock Price Forecast
$41.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
-9.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$166 million
Pretax Margin
2.85%

Debt

Sales & Book Value

Annual Sales
$8.49 billion
Cash Flow
$7.50 per share
Book Value
$28.09 per share

Miscellaneous

Free Float
38,953,000
Market Cap
$1.81 billion
Optionable
Optionable
Beta
1.83

Social Links


Key Executives

  • Gerry P. SmithGerry P. Smith
    Chief Executive Officer & Executive Director
  • Diego Anthony Scaglione
    Chief Financial Officer & Executive Vice President
  • Terry Leeper
    Chief Technology Officer & Executive VP
  • Zoe Maloney
    Chief Human Resources Officer & Executive VP
  • Kevin L. MoffittKevin L. Moffitt
    Chief Retail Officer & Executive Vice President













ODP Stock - Frequently Asked Questions

Should I buy or sell ODP stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ODP in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ODP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ODP, but not buy additional shares or sell existing shares.
View ODP analyst ratings
or view top-rated stocks.

What is ODP's stock price forecast for 2023?

1 Wall Street analysts have issued 1-year target prices for ODP's shares. Their ODP share price forecasts range from $41.00 to $41.00. On average, they expect the company's stock price to reach $41.00 in the next twelve months. This suggests that the stock has a possible downside of 8.4%.
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 at the beginning of the year. Since then, ODP shares have decreased by 1.7% and is now trading at $44.75.
View the best growth stocks for 2023 here
.

Are investors shorting ODP?

ODP saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 5,210,000 shares, a drop of 17.8% from the February 13th total of 6,340,000 shares. Based on an average trading volume of 431,700 shares, the days-to-cover ratio is currently 12.1 days. Approximately 13.3% of the company's shares are short sold.
View ODP's Short Interest
.

When is ODP's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our ODP earnings forecast
.

How were ODP's earnings last quarter?

The ODP Co. (NASDAQ:ODP) released its quarterly earnings results on Wednesday, March, 1st. The specialty retailer reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. The specialty retailer had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.14 billion. ODP had a trailing twelve-month return on equity of 14.92% and a net margin of 1.96%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS.

When did ODP's stock split?

Shares of ODP reverse split 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.

How will ODP's stock buyback program work?

ODP announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 5th 2021, which permits the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 13% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

What guidance has ODP issued on next quarter's earnings?

ODP issued an update on its FY23 earnings guidance on Wednesday, March, 1st. The company provided EPS guidance of $4.50-$5.10 for the period, compared to the consensus EPS estimate of $4.20. The company issued revenue guidance of $8.0-$8.4 billion, compared to the consensus revenue estimate of $8.34 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 many different institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (7.14%), LSV Asset Management (4.32%), Arrowstreet Capital Limited Partnership (1.96%), Geode Capital Management LLC (1.69%), Millennium Management LLC (1.61%) and Neuberger Berman Group LLC (1.52%). Insiders that own company stock include 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 $44.75.

How much money does ODP make?

ODP (NASDAQ:ODP) has a market capitalization of $1.80 billion and generates $8.49 billion in revenue each year. The specialty retailer earns $166 million in net income (profit) each year or $3.34 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 3/24/2023 by MarketBeat.com Staff