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NASDAQ:ODP

ODP - ODP Stock Forecast, Price & News

$37.81
+0.46 (+1.23%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$37.20
$38.36
50-Day Range
$28.96
$39.09
52-Week Range
$28.85
$48.00
Volume
529,645 shs
Average Volume
426,771 shs
Market Capitalization
$1.86 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
29.6% Upside
$49.00 Price Target
Short Interest
Bearish
9.32% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.32mentions of ODP in the last 14 days
Based on 2 Articles This Week
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.

1.84 out of 5 stars

Retail/Wholesale Sector

180th out of 218 stocks

Miscellaneous Shopping Goods Stores Industry

7th out of 8 stocks

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.

ODP Trading Down 3.4 %

ODP opened at $37.35 on Tuesday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -20.98 and a beta of 1.89. ODP has a 52 week low of $28.85 and a 52 week high of $48.00. The business's 50 day moving average is $34.47 and its two-hundred day moving average is $40.36. The company has a quick ratio of 0.55, a current ratio of 1.06 and a debt-to-equity ratio of 0.12.

ODP (NASDAQ:ODP - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The specialty retailer reported $0.79 EPS for the quarter, topping the consensus estimate of $0.46 by $0.33. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.04 billion. ODP had a positive return on equity of 14.99% and a negative net margin of 1.08%. The firm's revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, research analysts predict that ODP will post 4.3 EPS for the current year.

Analyst Ratings Changes

ODP has been the subject of several recent analyst reports. UBS Group decreased their target price on ODP from $50.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, August 4th. StockNews.com cut ODP from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 5th.

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ODP Stock News Headlines

ODP (NASDAQ:ODP) Stock Rating Lowered by StockNews.com
ODP Corp. Sales Decline 2%
ODP (ODP) Set to Announce Quarterly Earnings on Wednesday
Why ODP Shares Are Surging Today
Here's Why ODP Stock Soared on Monday
See More Headlines
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ODP Company Calendar

Last Earnings
8/03/2022
Today
8/16/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Miscellaneous shopping goods stores
Sub-Industry
Specialty Stores
Current Symbol
NASDAQ:ODP
CUSIP
67622010
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
+29.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-208,000,000.00
Pretax Margin
2.74%

Debt

Sales & Book Value

Annual Sales
$8.47 billion
Cash Flow
$7.24 per share
Book Value
$27.88 per share

Miscellaneous

Free Float
47,721,000
Market Cap
$1.86 billion
Optionable
Optionable
Beta
1.89

Social Links


Key Executives














ODP Stock - Frequently Asked Questions

Should I buy or sell ODP stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ODP in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 2022?

2 brokers have issued twelve-month 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 year. This suggests a possible upside of 29.6% 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 stock has decreased by 3.7% and is now trading at $37.81.
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, November 2nd 2022.
View our ODP earnings forecast
.

How were ODP's earnings last quarter?

The ODP Co. (NASDAQ:ODP) released its quarterly earnings results on Wednesday, August, 3rd. The specialty retailer reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.33. The specialty retailer earned $2.03 billion during the quarter, compared to analysts' expectations of $2.04 billion. ODP had a negative net margin of 1.08% and a positive trailing twelve-month return on equity of 14.99%. The company's revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 EPS.

When did ODP's stock split?

ODP's stock reverse split on the morning of 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 declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 5th 2021, which permits the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 13% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

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

ODP updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of $4.10-$4.50 for the period, compared to the consensus EPS estimate of $4.25. The company issued revenue guidance of $8.45 billion-$8.60 billion, compared to the consensus revenue estimate of $8.41 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 retail and institutional investors. Top institutional investors include State Street Corp (3.54%), Greenlight Capital Inc. (3.44%), Canyon Capital Advisors LLC (2.30%), Kite Lake Capital Management UK LLP (2.10%), Northern Trust Corp (1.39%) and Kanen Wealth Management LLC (1.04%). Insiders that own company stock include Gerry P Smith, John Gannfors, Kevin Moffitt, N David Bleisch, Richard A Haas Jr and Stephen M Mohan.
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 $37.81.

How much money does ODP make?

ODP (NASDAQ:ODP) has a market capitalization of $1.86 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 ($1.78) 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
When was ODP founded?

ODP was founded in 1986.

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 8/16/2022 by MarketBeat.com Staff

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