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

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$3.52 -0.06 (-1.68 %)
(As of 03/24/2019 04:00 PM ET)
Previous Close$3.52
Today's Range$3.49 - $3.62
52-Week Range$2.00 - $3.82
Volume6.12 million shs
Average Volume7.46 million shs
Market Capitalization$1.90 billion
P/E Ratio10.06
Dividend Yield2.84%
Beta2.71
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$11.02 billion
Cash Flow$0.7333 per share
Book Value$3.89 per share

Profitability

Net Income$104 million

Miscellaneous

Employees44,000
Market Cap$1.90 billion
Next Earnings Date5/8/2019 (Estimated)
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 Tuesday, February 5th. Investors of record on Friday, March 1st will be paid a dividend of $0.025 per share on Friday, March 15th. This represents a $0.10 annualized dividend and a yield of 2.84%. The ex-dividend date is Thursday, February 28th. View Office Depot's Dividend History.

How will Office Depot's stock buyback program work?

Office Depot announced that its board has initiated a stock buyback 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 reacquire up to 6.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) issued its earnings results on Wednesday, February, 27th. The specialty retailer reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The specialty retailer earned $2.67 billion during the quarter, compared to the consensus estimate of $2.68 billion. Office Depot had a return on equity of 9.22% and a net margin of 0.94%. The company's revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 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, May 8th 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, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $11.1-11.1 billion, compared to the consensus revenue estimate of $11.05 billion.

What price target have analysts set for ODP?

3 brokerages have issued 1-year price targets for Office Depot's stock. Their forecasts range from $4.00 to $4.50. On average, they expect Office Depot's stock price to reach $4.25 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price. View Analyst Price Targets for Office Depot.

What is the consensus analysts' recommendation for Office Depot?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Office Depot in the last year. There are currently 2 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?

Media coverage about ODP stock has been trending neutral this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Office Depot earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned news articles about the specialty retailer a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the company's share price in the near future.

Are investors shorting Office Depot?

Office Depot saw a increase in short interest during the month of February. As of February 28th, there was short interest totalling 13,408,705 shares, an increase of 13.7% from the February 15th total of 11,792,613 shares. Based on an average trading volume of 6,087,540 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.5% of the company's stock are short sold. 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), Ford Motor (F), Intel (INTC), General Electric (GE), AT&T (T), Micron Technology (MU), Zynga (ZNGA), Staples (SPLS), Twitter (TWTR) and Sirius XM (SIRI).

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 variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.62%), Dimensional Fund Advisors LP (8.54%), LSV Asset Management (4.11%), Towle & Co. (2.24%), Northern Trust Corp (2.11%) and Norges Bank (2.00%). 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 institutional investors are selling Office Depot stock?

ODP stock was sold by a variety of institutional investors in the last quarter, including Aristotle Fund L.P., James Investment Research Inc., Bank of New York Mellon Corp, First Trust Advisors LP, Commonwealth Bank of Australia, Two Sigma Investments LP, Northern Trust Corp and Meeder Asset Management Inc.. 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 Norges Bank, LSV Asset Management, WINTON GROUP Ltd, Gotham Asset Management LLC, Acadian Asset Management LLC, Millennium Management LLC, BlackRock Inc. and Bank of America Corp DE. 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 $3.52.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.90 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.

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:  291 (Vote Outperform)
Underperform Votes:  510 (Vote Underperform)
Total Votes:  801
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 3/24/2019 by MarketBeat.com Staff

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