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PFE   50.90 (-0.35%)
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NASDAQ:ODP

ODP - ODP Stock Forecast, Price & News

$47.90
-0.10 (-0.21%)
(As of 12/2/2022 02:03 PM ET)
Add
Compare
Today's Range
$47.14
▼
$48.16
50-Day Range
$34.93
▼
$48.13
52-Week Range
$28.85
▼
$49.12
Volume
13,732 shs
Average Volume
412,965 shs
Market Capitalization
$2.19 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$49.00

ODP MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.1% Upside
$49.00 Price Target
Short Interest
Healthy
9.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
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.

1.28 out of 5 stars

Retail/Wholesale Sector

205th out of 217 stocks

Miscellaneous Shopping Goods Stores Industry

8th out of 8 stocks

See Top Rated MarketRank™ Stocks Here
ODP stock logo

About ODP (NASDAQ:ODP) Stock

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses. The company operates in two divisions, Business Solutions and Retail. The Business Solutions division offers office supply products and services, cleaning and breakroom supplies, technology services, copy and print services, and office furniture products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada. The Retail division operates a chain of retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and furniture, as well as printing, copying, mailing, and shipping services. As of December 31, 2021, this division operated 1,038 retail stores in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers its products under various brands, including Office Depot, OfficeMax, and Grand&Toy, as well as others. The ODP Corporation was incorporated in 1986 and is headquartered in Boca Raton, Florida.

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ODP Stock News Headlines

November 10, 2022 | finance.yahoo.com
The ODP Corporation Named a 2022 Safer Choice Partner of the Year Award Winner by the EPA
November 3, 2022 | finance.yahoo.com
ODP Corp. realigns business units for revenue growth
October 26, 2022 | ca.finance.yahoo.com
Office Depot Announces Savings All Season Long to Help Clients Finish The Year Strong, Plus Convenient Shopping and Delivery Options
October 26, 2022 | msn.com
Daywatch: What’s it like to live above a Chicago restaurant?
October 19, 2022 | businesswire.com
The ODP Corporation to Announce Third Quarter 2022 Results and Will Host Virtual Investor Day on Wednesday, November 2, 2022 - Business Wire
October 19, 2022 | finance.yahoo.com
The ODP Corporation to Announce Third Quarter 2022 Results and Will Host Virtual Investor Day on Wednesday, November 2, 2022
October 18, 2022 | uk.investing.com
Starboard Value Holds A 5% Stake In Splunk: Check Out These 2 Dividend Stocks Jeffrey Smith Also Has A Sizable Stake In By Benzinga - Investing.com UK
October 12, 2022 | streetinsider.com
Office Depot Provides Nearly $4 Million in Tech, Furniture, Supplies and More to Title I Schools Nationwide - StreetInsider.com
September 28, 2022 | streetinsider.com
Regency Centers Announces Appointment of Kristin Campbell to Board of Directors - StreetInsider.com
September 13, 2022 | stocknews.com
GME: The Worst Stock to Buy on Wall Street Right Now - StockNews.com
September 12, 2022 | benzinga.com
ODP (NASDAQ:ODP) – Brit + Co Announces Year-Round Scholarship Program in Collaboration with Office Depot - Benzinga
September 9, 2022 | markets.businessinsider.com
Excelerate America to host Grant Competition for Entrepreneurs in partnership with ODP Business Solutions
September 1, 2022 | finance.yahoo.com
ODP Joins The Trend Of Selling Corporate Headquarters; Aims For Cost Cuts
August 31, 2022 | seekingalpha.com
The ODP Corporation: A Bargain With Multiple Catalysts (NASDAQ:ODP) - Seeking Alpha
August 24, 2022 | marketwatch.com
Office Depot parent to sell and partially lease back Florida headquarters
August 24, 2022 | bizjournals.com
ODP Corp. to sell headquarters building in Boca Raton to PEBB Enterprises, BH Group - South Florida Business Journal - The Business Journals
August 24, 2022 | businesswire.com
The ODP Corporation Enters Into Definitive Agreement for a Sale and Partial Leaseback of Its Corporate Headquarters - Business Wire
August 24, 2022 | finance.yahoo.com
ODP Corp. agrees to sell and partially lease back its corporate HQ in Boca Raton
August 17, 2022 | businesswire.com
ODP Announces Final Results of Dutch Auction Tender Offer - Business Wire
August 15, 2022 | streetinsider.com
Uber (UBER) Partners with Office Depot (ODP) to Deliver Office and School Supplies Nationwide - StreetInsider.com
August 5, 2022 | markets.businessinsider.com
ODP Corp. Sales Decline 2%
August 4, 2022 | finance.yahoo.com
The ODP Corporation Announces Second Quarter 2022 Results - Yahoo Finance
August 4, 2022 | nasdaq.com
The ODP Q2 22 Earnings Conference Call At 9:00 AM ET - Nasdaq
August 3, 2022 | investing.com
ODP Earnings Beat, Revenue Misses In Q2 By Investing.com - Investing.com
August 3, 2022 | investing.com
ODP Corporation Tops Q2 EPS by 33c By Investing.com - Investing.com
See More Headlines
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ODP Company Calendar

Last Earnings
11/03/2021
Today
12/02/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/22/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Miscellaneous shopping goods stores
Sub-Industry
Specialty Stores
Sector
Retail/Wholesale
Current Symbol
NASDAQ:ODP
CUSIP
67622010
CIK
800240
Web
www.officedepot.com
Phone
(561) 438-4800
Fax
800-685-5010
Employees
26,000
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$49.00
High Stock Price Forecast
$57.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+2.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($2.28)
Trailing P/E Ratio
N/A
Forward P/E Ratio
11.14
P/E Growth
N/A
Net Income
$-208,000,000.00
Net Margins
-1.48%
Pretax Margin
2.61%
Return on Equity
14.35%
Return on Assets
4.66%

Debt

Debt-to-Equity Ratio
0.12
Current Ratio
1.11
Quick Ratio
0.64

Sales & Book Value

Annual Sales
$8.47 billion
Price / Sales
0.26
Cash Flow
$7.38 per share
Price / Cash Flow
6.49
Book Value
$32.72 per share
Price / Book
1.46

Miscellaneous

Outstanding Shares
45,810,000
Free Float
44,437,000
Market Cap
$2.19 billion
Optionable
Optionable
Beta
1.80

Social Links


Key Executives

  • Mr. Gerry P. SmithMr. Gerry P. Smith (Age 59)
    CEO & Director
    Comp: $3.48M
  • Mr. Diego Anthony Scaglione (Age 50)
    Exec. VP, CFO & Principal Accounting Officer
    Comp: $1.62M
  • Mr. Terry Leeper (Age 57)
    Exec. VP & CTO
    Comp: $1.33M
  • Mr. John W. GannforsMr. John W. Gannfors (Age 56)
    Exec. VP & Pres of Veyer
    Comp: $1.41M
  • Mr. Brian Todd Hale (Age 49)
    Exec. VP & Chief Information Officer
  • Ms. Sarah E. Hlavinka (Age 57)
    Exec. VP, Chief Legal & Admin. Officer and Corp. Sec.
  • Mr. Timothy J. Perrott
    VP of Investor Relations
  • Ms. Zoe Maloney (Age 49)
    Exec. VP & Chief HR Officer
  • Mr. Kevin MoffittMr. Kevin Moffitt (Age 48)
    Exec. VP & Pres of Office Depot
  • Mr. Udo Gerhard Heskamp (Age 61)
    Group Chief Financial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













ODP Stock - Frequently Asked Questions

Should I buy or sell ODP stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ODP in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ODP shares.
View ODP analyst ratings or view top-rated stocks.

What is ODP's stock price forecast for 2023?

2 Wall Street research analysts have issued 1 year target prices for ODP's stock. Their ODP share price forecasts range from $41.00 to $57.00. On average, they anticipate the company's share price to reach $49.00 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price.
View analysts price targets for ODP or view top-rated stocks among Wall Street analysts.

How have ODP shares performed in 2022?

ODP's stock was trading at $39.28 at the beginning of the year. Since then, ODP shares have increased by 22.2% and is now trading at $48.00.
View the best growth stocks for 2022 here.

When is ODP's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 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, November, 3rd. The specialty retailer reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.33. The specialty retailer had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.27 billion. ODP had a negative net margin of 1.48% and a positive trailing twelve-month return on equity of 14.35%. The company's revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.80 earnings per share.

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 closing bell 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 has initiated a share repurchase program on Wednesday, May 5th 2021, which allows the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 13% of its stock through open market purchases. Stock repurchase programs are usually a sign 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 FY 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $4.10-$4.50 for the period, compared to the consensus earnings per share estimate of $4.40. The company issued revenue guidance of $8.45 billion-$8.60 billion, compared to the consensus revenue estimate of $8.48 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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.10%), Vanguard Group Inc. (10.36%), Dimensional Fund Advisors LP (6.87%), LSV Asset Management (4.34%), State Street Corp (3.71%) and Neuberger Berman Group LLC (2.77%). 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 $48.00.

How much money does ODP make?

ODP (NASDAQ:ODP) has a market capitalization of $2.20 billion and generates $8.47 billion in revenue each year. The specialty retailer earns $-208,000,000.00 in net income (profit) each year or ($2.28) on an earnings per share basis.

How many employees does ODP have?

The company employs 26,000 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, 6600 North Owner, Admiral Express, Allied Building Products, Americas Office Source, AsiaEC.com, AsiaEC.com Limited, Bertelson Brothers, Best Office Co, CCSI CompuCom Servicios S.A. de C.V., CCSI — CompuCom GSC Mexico S.A. de C.V., CCSI — CompuCom Holdings S.A. de C.V., CCSI — CompuCom International Holding Limited, COS Business Products & Interiors, CSI Funding, CSI Funding Canada Co., Chicago Regency, Clearfield Insurance Limited, Complete Office, Complete Office Of California, Complete Office Solutions, Complete Office of Wisconsin, CompuCom, CompuCom Canada Co., CompuCom Costa Rica CSI, CompuCom Finance, CompuCom Intermediate Holdings, CompuCom Puerto Rico, CompuCom Super Holdings, CompuCom Systems, CompuCom Systems Federal, CompuCom Systems Holdings, CompuCom — CSI Systems India Private Limited, Computers4Sure, Computers4Sure.com Inc., Discount Office Items Inc., Extensys, Garvey’s Office Products, Grand & Toy Limited, Guilbert Express SA, Guilbert UK Pension Trustees, HC Land Company LLC, Japan Office Supplies LLC, Lincoln Merger Sub Two, Mapleby Holdings Merger Corporation, Midway Office Supply, Neighborhood Retail Development Fund LLC, North American Card and Coupon Services, Notus Aviation Inc., OD Brazil Holdings, OD France L.L.C., OD International Inc., OD Medical Solutions LLC, ODP Investment LLC, ODV France LLC, OM Luxembourg Holdings S.à r.l., OMX, OMX Timber Finance Holdings I, OMX Timber Finance Holdings II, Office Depot Asia Holding Limited, Office Depot Foreign Holdings GP, Office Depot Foreign Holdings LP, Office Depot Global Sourcing, Office Depot LLC, Office Depot Logistics Inc., Office Depot Merchandising (Shenzhen) Co., Office Depot N.A. Shared Services, Office Depot Overseas Holding Limited, Office Depot Pension Finance, Office Depot Puerto Rico, Office Depot UK Pension Sponsor Limited, Office Essentials Inc., Office Max, OfficeMax Incorporated, OfficeMax Nevada Company, OfficeMax North America, OfficeMax Southern Company, POP Pinnacle Office Products, Papirius, PerimeterRead, Picabo Holdings, Premium Showers & Robes, Regency Franchise Group, Regency Office Products, Regency Office Products of Missouri, Reliable Express Corporation, SOS Investments, Sandia Office Supply, Solutions4Sure.com, Solutions4Sure.com Inc., Swinton Avenue Trading Limited Inc., The Office Club Inc., Trio Supply Company, Viking Direct (Ireland) Ltd, Viking Office Products Inc., Wahkiakum Gas Corporation, Zerbee, and eDepot.
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 12/2/2022 by MarketBeat.com Staff