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

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$3.24 +0.11 (+3.51 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$3.24
Today's Range$3.0950 - $3.28
52-Week Range$2.00 - $4.65
Volume3.33 million shs
Average Volume6.17 million shs
Market Capitalization$1.66 billion
P/E Ratio7.20
Dividend Yield3.28%
Beta2.54
Office Depot logoOffice 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

Stock Exchange NASDAQ
Industry Miscellaneous shopping goods stores
Sub-IndustrySpecialty Stores
SectorRetail/Wholesale
SymbolNASDAQ:ODP
CUSIP67622010
Phone561-438-4800

Debt

Debt-to-Equity Ratio0.77
Current Ratio1.38
Quick Ratio0.85

Price-To-Earnings

Trailing P/E Ratio7.20
Forward P/E Ratio9.26
P/E Growth0.5

Sales & Book Value

Annual Sales$10.24 billion
Price / Sales0.18
Cash Flow$0.8416 per share
Price / Cash3.85
Book Value$4.11 per share
Price / Book0.79

Profitability

EPS (Most Recent Fiscal Year)$0.45
Net Income$181 million
Net Margins0.91%
Return on Equity9.20%
Return on Assets3.19%

Miscellaneous

Employees45,000
Outstanding Shares554,450,000
Market Cap$1.66 billion

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, August 7th. Stockholders of record on Friday, August 24th will be given a dividend of $0.025 per share on Friday, September 14th. This represents a $0.10 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Thursday, August 23rd. View Office Depot's Dividend History.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) posted its earnings results on Tuesday, August, 7th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The specialty retailer had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.61 billion. Office Depot had a net margin of 0.91% and a return on equity of 9.20%. During the same period in the previous year, the firm earned $0.06 earnings per share. 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 Thursday, November, 8th 2018. View Earnings Estimates for Office Depot.

What price target have analysts set for ODP?

4 equities research analysts have issued twelve-month target prices for Office Depot's shares. Their predictions range from $4.00 to $4.15. On average, they anticipate Office Depot's stock price to reach $4.0750 in the next year. This suggests a possible upside of 25.8% 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 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Office Depot.

What are Wall Street analysts saying about Office Depot stock?

Here are some recent quotes from research analysts about Office Depot stock:
  • 1. According to Zacks Investment Research, "Office Depot’s focus on business operating model, growth prospects and omni-channel capabilities have led the stock to gain and outpace the industry in the past three months. Strategic endeavors, including strengthening of core business and expansion of service and subscription offerings aided the top line growth during second-quarter 2018 that also beat the consensus mark for the fourth time in a row. Although bottom line came a penny ahead of the estimate, it continued to decline year over year. Nonetheless, management maintained its full year view. The company is trying all means to give itself a complete makeover in an environment where demand for office products (paper-based) has shrunk due to technological advancements. Moreover, soft comps run in Retail division also remains a concern. Nevertheless, management is focusing on marketing, advertising and other growth-related investments but at the cost of margins in the short run." (8/9/2018)
  • 2. Bank of America Corp analysts commented, "We believe the relatively new management team has a long way to go to prove itself, but the stock is inexpensive enough for there to be upside as the company continues moving in the right direction," (9/5/2017)

Are investors shorting Office Depot?

Office Depot saw a decrease in short interest in the month of July. As of July 31st, there was short interest totalling 26,369,546 shares, a decrease of 9.6% from the July 13th total of 29,181,153 shares. Based on an average trading volume of 4,401,878 shares, the short-interest ratio is currently 6.0 days. Currently, 5.1% of the shares of the company 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 55)
  • Mr. Brian Todd Hale, Exec. VP & Chief Information Officer (Age 45)
  • Mr. John W. Gannfors, Exec. VP of Transformation, Strategic Sourcing & Supply Chain (Age 52)
  • Mr. Stephen Robert Calkins, Pres of Bus. Solutions Division (Age 47)
  • Mr. Joseph T. Lower, Exec. VP & CFO (Age 51)

Has Office Depot been receiving favorable news coverage?

Press coverage about ODP stock has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Office Depot earned a daily sentiment score of 0.01 on Accern's scale. They also assigned news coverage about the specialty retailer an impact score of 48.56 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. View Recent Headlines for Office Depot.

Who are Office Depot's major shareholders?

Office Depot's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.04%), Dimensional Fund Advisors LP (7.69%), Lee Thomas H Partners LP (4.05%), LSV Asset Management (2.50%), Towle & Co. (2.16%) and SG Americas Securities LLC (1.85%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, Juliet Johansson, 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 Lee Thomas H Partners LP, ANTIPODES PARTNERS Ltd, James Investment Research Inc., Engineers Gate Manager LP, California Public Employees Retirement System, Federated Investors Inc. PA, MetLife Investment Advisors LLC and Russell Investments Group Ltd.. Company insiders that have sold Office Depot company stock in the last year include Michael R Allison and Michael Rabinovitch. 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 BlackRock Inc., SG Americas Securities LLC, Laurion Capital Management LP, Dimensional Fund Advisors LP, Millennium Management LLC, Aristotle Fund L.P., OppenheimerFunds Inc. and BNP Paribas Arbitrage SA. 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 $3.24.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.66 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.

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:  1.7 out of 5 (star)
Outperform Votes:  246 (Vote Outperform)
Underperform Votes:  463 (Vote Underperform)
Total Votes:  709
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 8/18/2018 by MarketBeat.com Staff

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