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

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$2.90 -0.09 (-3.01 %)
(As of 01/23/2019 01:06 AM ET)
Previous Close$2.99
Today's Range$2.90 - $3.01
52-Week Range$2.00 - $3.63
Volume3.59 million shs
Average Volume4.55 million shs
Market Capitalization$1.59 billion
P/E Ratio6.44
Dividend Yield3.31%
Beta2.65
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

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$10.24 billion
Cash Flow$0.7532 per share
Book Value$4.11 per share

Profitability

Net Income$181 million

Miscellaneous

Employees45,000
Market Cap$1.59 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 declared a quarterly dividend on Wednesday, November 7th. Stockholders of record on Friday, November 23rd will be paid a dividend of $0.025 per share on Friday, December 14th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend 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 of Directors has authorized a share buyback program on Tuesday, November 20th 2018, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) posted its quarterly earnings results on Wednesday, November, 7th. The specialty retailer reported $0.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.12 by $0.01. The specialty retailer earned $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. Office Depot had a net margin of 0.59% and a return on equity of 8.90%. The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 updated its FY 2019 earnings guidance on Wednesday, November, 7th. The company provided earnings per share 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 brokers have issued twelve-month price objectives for Office Depot's shares. Their predictions range from $4.00 to $5.00. On average, they anticipate Office Depot's share price to reach $4.50 in the next twelve months. This suggests a possible upside of 55.2% 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?

Press coverage about ODP stock has trended very positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Office Depot earned a daily sentiment score of 3.2 on InfoTrie's scale. They also gave news headlines about the specialty retailer a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Are investors shorting Office Depot?

Office Depot saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 12,900,190 shares, a drop of 12.8% from the December 14th total of 14,785,709 shares. Based on an average trading volume of 8,682,868 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.4% of the company's shares 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 56)
  • Mr. Brian Todd Hale, Exec. VP & Chief Information Officer (Age 46)
  • Mr. John W. Gannfors, Exec. VP and Chief Merchandising & Supply Chain Officer (Age 53)
  • Mr. Stephen Robert Calkins, Pres of Bus. Solutions Division (Age 48)
  • Mr. Joseph T. Lower, Exec. VP & CFO (Age 52)

Who are Office Depot's major shareholders?

Office Depot's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Louisiana State Employees Retirement System (0.04%), Investors Asset Management of Georgia Inc. GA ADV (0.03%), James Investment Research Inc. (0.02%), Virtu Financial LLC (0.02%), Bank of Montreal Can (0.01%) and Meeder Asset Management Inc. (0.00%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, Michael R Allison, Michael Rabinovitch, Nigel Travis and Stephen R Calkins. 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 James Investment Research Inc., Meeder Asset Management Inc. and Louisiana State Employees Retirement System. 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 Virtu Financial LLC, Investors Asset Management of Georgia Inc. GA ADV, FNY Investment Advisers LLC and Bank of Montreal Can. 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 $2.90.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.59 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:  282 (Vote Outperform)
Underperform Votes:  499 (Vote Underperform)
Total Votes:  781
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 1/23/2019 by MarketBeat.com Staff

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