NASDAQ:ODPOffice Depot Stock Price, Forecast & News

Office Depot's stock was trading at $19.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ODP stock has increased by 12.8% and is now trading at $21.89. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Office Depot in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Office Depot.

Office Depot is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Office Depot.

Office Depot Inc (NASDAQ:ODP) posted its quarterly earnings results on Wednesday, May, 6th. The specialty retailer reported $1.20 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.70 by $0.50. The specialty retailer had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.68 billion. Office Depot had a return on equity of 11.98% and a net margin of 1.28%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. View Office Depot's earnings history.

Office Depot declared a quarterly dividend on Tuesday, February 4th. Investors of record on Monday, March 2nd will be paid a dividend of $0.25 per share on Friday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Office Depot's previous quarterly dividend of $0.03. View Office Depot's dividend history.

Office Depot'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 market closes on Tuesday, June 30th 2020. An investor that had 100 shares of Office Depot stock prior to the reverse split would have 10 shares after the split.

Office Depot declared that its board has authorized a share repurchase plan on Tuesday, November 20th 2018, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

2 equities research analysts have issued 12 month target prices for Office Depot's stock. Their forecasts range from $12.00 to $12.00. On average, they expect Office Depot's share price to reach $12.00 in the next twelve months. This suggests that the stock has a possible downside of 45.2%. View analysts' price targets for Office Depot.

Headlines about ODP stock have trended negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Office Depot earned a media sentiment score of -2.8 on InfoTrie's scale. They also gave news coverage about the specialty retailer a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the stock's share price in the next few days. View the latest news about Office Depot.

Office Depot saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 37,760,000 shares, an increase of 16.1% from the May 31st total of 32,510,000 shares. Based on an average daily trading volume, of 7,650,000 shares, the short-interest ratio is presently 4.9 days. Currently, 7.3% of the shares of the company are short sold. View Office Depot's Current Options Chain.

Some companies that are related to Office Depot include Tractor Supply (TSCO), Tiffany & Co. (TIF), Ulta Beauty (ULTA), Five Below (FIVE), Dicks Sporting Goods (DKS), Sally Beauty (SBH), Winmark (WINA), Signet Jewelers (SIG), MarineMax (HZO), Barnes & Noble (BKS), Hibbett Sports (HIBB), Big 5 Sporting Goods (BGFV) and GNC (GNC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Office Depot investors own include Bank of America (BAC), Ford Motor (F), AT&T (T), Tengasco (TGC), General Electric (GE), Intel (INTC), Warren Resources (WRESQ), Walt Disney (DIS), Linn Energy (LINEQ) and Micron Technology (MU).

Office Depot trades on the NASDAQ under the ticker symbol "ODP."

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, Robinhood, Fidelity, and Charles Schwab.

One share of ODP stock can currently be purchased for approximately $21.89.

Office Depot has a market capitalization of $1.15 billion and generates $10.65 billion in revenue each year. The specialty retailer earns $99 million in net income (profit) each year or $4.10 on an earnings per share basis. Office Depot employs 40,000 workers across the globe.

The official website for Office Depot is www.officedepot.com.

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]