Office Depot Company Profile (NASDAQ:ODP)

About Office Depot (NASDAQ:ODP)

Office Depot logoOffice Depot, Inc. provides a selection of products and services to consumers and businesses of various sizes. The Company's segments include North American Retail Division and North American Business Solutions Division. The North American Retail Division includes retail stores in the United States, including Puerto Rico and the United States Virgin Islands, which offer office supplies, technology products and solutions, business machines and related supplies, facilities products and office furniture. The North American Business Solutions Division sells office supply products and services throughout North America, including the United States, Puerto Rico, the United States Virgin Islands and Canada. It operates under the Office Depot and OfficeMax brands, and utilizes other Company and product brand names, including Grand & Toy in Canada. It offers its products under various labels, such as Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark and Viking Office Products.

Industry, Sector and Symbol:
  • Sector: Retail/Wholesale
  • Industry: Office Supplies & Stationery Stores
  • Sub-Industry: Specialty Stores
  • Symbol: NASDAQ:ODP
  • CUSIP: 67622010
  • Web:
  • Market Cap: $1.95093 billion
  • Outstanding Shares: 516,118,000
Average Prices:
  • 50 Day Moving Avg: $4.25
  • 200 Day Moving Avg: $4.96
  • 52 Week Range: $3.01 - $6.26
  • Trailing P/E Ratio: 4.87
  • Foreward P/E Ratio: 8.00
  • P/E Growth: 4.52
Sales & Book Value:
  • Annual Revenue: $10.6 billion
  • Price / Sales: 0.18
  • Book Value: $3.81 per share
  • Price / Book: 0.99
  • Annual Dividend: $0.10
  • Dividend Yield: 2.7%
  • EBITDA: $590 million
  • Net Margins: 2.49%
  • Return on Equity: 13.97%
  • Return on Assets: 4.79%
  • Debt-to-Equity Ratio: 0.57%
  • Current Ratio: 1.59%
  • Quick Ratio: 0.92%
  • Average Volume: 5.94 million shs.
  • Beta: 2.89
  • Short Ratio: 2.47

Frequently Asked Questions for Office Depot (NASDAQ:ODP)

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 declared a quarterly dividend on Wednesday, August 9th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.025 per share on Friday, September 15th. This represents a $0.10 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Wednesday, August 23rd. View Office Depot's Dividend History.

How were Office Depot's earnings last quarter?

Office Depot, Inc. (NASDAQ:ODP) announced its earnings results on Wednesday, August, 9th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.03. The firm earned $2.36 billion during the quarter, compared to analyst estimates of $2.44 billion. Office Depot had a net margin of 2.49% and a return on equity of 13.97%. The firm's revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. View Office Depot's Earnings History.

When will Office Depot make its next earnings announcement?

Office Depot is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Office Depot.

Where is Office Depot's stock going? Where will Office Depot's stock price be in 2017?

6 brokerages have issued twelve-month price targets for Office Depot's stock. Their predictions range from $4.15 to $6.00. On average, they anticipate Office Depot's stock price to reach $5.08 in the next year. View Analyst Ratings for Office Depot.

What are analysts saying about Office Depot stock?

Here are some recent quotes from research analysts about Office Depot stock:

  • 1. Bank of America Corporation 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)
  • 2. According to Zacks Investment Research, "Persistent weakness in the office products sector, stiff competition, loss of customers in Business Solutions Division and lower traffic count have been playing spoilsport for Office Depot. The company succumbed to a negative earnings surprise in second-quarter 2017, after three straight quarters of earnings beat, while sales also missed the Zacks Consensus Estimate for the 12th quarter in row. We note both the top and bottom lines declined year over year. Following the dismal show, the stock took a bearish path and has now underperformed the industry in the past one month. Nevertheless, Office Depot is concentrating on business operating model, growth prospects, cost structure, and omni-channel capabilities. Management anticipates total sales to be lower in 2017 versus 2016 due to store closures, tough market conditions and losses of contract customers in the prior year. However, the rate of decline is expected to decelerate sequentially." (8/14/2017)

Are investors shorting Office Depot?

Office Depot saw a drop in short interest during the month of September. As of September 29th, there was short interest totalling 11,956,882 shares, a drop of 21.0% from the September 15th total of 15,126,435 shares. Based on an average daily trading volume, of 3,790,204 shares, the short-interest ratio is currently 3.2 days. Approximately 2.4% of the shares of the stock are short sold.

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:

  • Gerry P. Smith, Chief Executive Officer, Director
  • Stephen E. Hare, Chief Financial Officer, Executive Vice President
  • Stephen R. Calkins, President - Business Solutions Division
  • Michael Allison, Executive Vice President, Chief Administrative Officer
  • Jerri L. DeVard, Executive Vice President, Chief Marketing Officer
  • N. David Bleisch, Executive Vice President, Chief Legal Officer and Corporate Secretary
  • Timothy J. Beauchamp, Executive Vice President - Supply Chain
  • JOHN W. GANNFORS, Executive Vice President -Transformation and Strategic Sourcing
  • Michael Rabinovitch, Senior Vice President - Finance, Chief Accounting Officer
  • Janet Schijns, Senior Vice President - Services – Copy, Print and Tech

How do I buy Office Depot stock?

Shares of Office Depot can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Office Depot's stock price today?

One share of Office Depot stock can currently be purchased for approximately $3.76.

MarketBeat Community Rating for Office Depot (NASDAQ ODP)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  161 (Vote Outperform)
Underperform Votes:  371 (Vote Underperform)
Total Votes:  532
MarketBeat's community ratings are surveys of what our community members think about Office Depot and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Office Depot (NASDAQ:ODP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.17)
Consensus Price Target: $5.08 (35.11% upside)
Consensus Price Target History for Office Depot (NASDAQ:ODP)
Price Target History for Office Depot (NASDAQ:ODP)
Analysts' Ratings History for Office Depot (NASDAQ:ODP)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/6/2017Jefferies Group LLCReiterated RatingHold$5.00 -> $4.15N/AView Rating Details
9/5/2017Bank of America CorporationReiterated RatingBuy -> Buy$6.00MediumView Rating Details
8/10/2017Deutsche Bank AGReiterated RatingHold$5.75 -> $5.00LowView Rating Details
7/12/2017Loop CapitalReiterated RatingHold$5.00LowView Rating Details
5/10/2017Telsey Advisory GroupBoost Price TargetMarket Perform -> Market Perform$4.40 -> $5.25MediumView Rating Details
5/9/2017Oppenheimer Holdings, Inc.Reiterated RatingHoldLowView Rating Details
8/16/2016Morgan StanleyReiterated RatingHold$4.35N/AView Rating Details
5/15/2016Wells Fargo & CompanyReiterated RatingEqual WeightN/AView Rating Details
5/2/2016J P Morgan Chase & CoReiterated RatingHoldN/AView Rating Details
3/7/2016Credit Suisse GroupLower Price TargetOutperform$10.50 -> $8.00N/AView Rating Details
(Data available from 10/18/2015 forward)


Earnings History for Office Depot (NASDAQ:ODP)
Earnings by Quarter for Office Depot (NASDAQ:ODP)
Earnings History by Quarter for Office Depot (NASDAQ ODP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.17N/AView Earnings Details
8/9/2017Q2 2017$0.09$0.06$2.44 billion$2.36 billionViewListenView Earnings Details
5/9/2017Q1 17$0.12$0.16$2.71 billion$2.68 billionViewListenView Earnings Details
3/1/2017Q416$0.10$0.11$2.74 billion$2.73 billionViewListenView Earnings Details
11/2/2016Q316$0.15$0.16$3.49 billion$2.84 billionViewListenView Earnings Details
8/3/2016Q216$0.06$0.03$3.20 billion$3.20 billionViewListenView Earnings Details
4/26/2016Q116$0.12$0.10$3.62 billion$3.50 billionViewN/AView Earnings Details
2/23/2016Q415$0.11$0.07$3.56 billion$3.50 billionViewN/AView Earnings Details
11/3/2015Q315$0.16$0.16$3.75 billion$3.70 millionViewN/AView Earnings Details
8/4/2015Q215$0.06$0.06$3.50 billion$3.44 billionViewN/AView Earnings Details
5/5/2015Q115$0.13$0.13$4.11 billion$3.90 billionViewN/AView Earnings Details
2/24/2015Q414$0.04$0.07$3.91 billion$3.80 billionViewN/AView Earnings Details
2/24/2015Q414$0.04$0.07$3.91 billion$3.80 billionViewN/AView Earnings Details
11/4/2014Q3$0.09$0.10$4.05 billion$4.07 billionViewListenView Earnings Details
8/5/2014Q214($0.02)($0.02)$3.80 billion$3.80 billionViewListenView Earnings Details
5/6/2014Q114$0.03$0.07$4.28 billion$4.35 billionViewListenView Earnings Details
2/25/2014Q413$0.03($0.03)$4.09 billion$3.50 billionViewListenView Earnings Details
11/5/2013Q313$0.06$0.02$2.60 billion$2.62 billionViewListenView Earnings Details
7/30/2013Q2 2013($0.10)($0.10)$2.43 billion$2.40 billionViewListenView Earnings Details
11/6/2012Q312$0.01$0.06$2.73 billion$2.69 billionViewN/AView Earnings Details
8/7/2012($0.09)($0.06)ViewN/AView Earnings Details
5/1/2012$0.05$0.05ViewN/AView Earnings Details
2/28/2012($0.01)$0.03ViewN/AView Earnings Details
7/26/2011($0.12)($0.06)ViewN/AView Earnings Details
4/26/2011$0.02($0.05)ViewN/AView Earnings Details
2/22/2011($0.03)$0.09ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Office Depot (NASDAQ:ODP)
Current Year EPS Consensus Estimate: $0.44 EPS
Next Year EPS Consensus Estimate: $0.47 EPS


Current Dividend Information for Office Depot (NASDAQ:ODP)
Most Recent Dividend:9/15/2017
Annual Dividend:$0.10
Dividend Yield:2.66%
Payout Ratio:20.00% (Trailing 12 Months of Earnings)
22.73% (Based on This Year's Estimates)
21.28% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Office Depot (NASDAQ:ODP)

Dividend History by Quarter for Office Depot (NASDAQ ODP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Office Depot (NASDAQ:ODP)
Insider Ownership Percentage: 2.43%
Institutional Ownership Percentage: 94.36%
Insider Trades by Quarter for Office Depot (NASDAQ:ODP)
Institutional Ownership by Quarter for Office Depot (NASDAQ:ODP)
Insider Trades by Quarter for Office Depot (NASDAQ:ODP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/13/2017Michael R AllisonInsiderSell360,000$3.83$1,378,800.00View SEC Filing  
5/16/2017Michael R AllisonInsiderSell66,217$5.08$336,382.36View SEC Filing  
3/29/2017Stephen R CalkinsEVPSell45,434$4.57$207,633.38View SEC Filing  
3/21/2017Michael R AllisonInsiderSell35,000$4.61$161,350.00View SEC Filing  
3/21/2017Stephen R CalkinsEVPSell15,436$4.63$71,468.68View SEC Filing  
3/15/2017Joseph VassalluzzoChairmanBuy25,000$4.70$117,500.00View SEC Filing  
3/6/2017Stephen R CalkinsEVPSell4,532$4.51$20,439.32View SEC Filing  
12/16/2016Juliet JohanssonEVPSell8,385$4.73$39,661.05View SEC Filing  
8/24/2016Michael R AllisonEVPSell23,434$3.64$85,299.76View SEC Filing  
5/25/2016Nigel TravisDirectorBuy14,267$3.47$49,506.49View SEC Filing  
8/18/2014C Elisa D GarciaEVPSell11,531$5.15$59,384.65View SEC Filing  
5/21/2014C Elisa GarciaEVPSell22,097$5.01$110,705.97View SEC Filing  
5/14/2014Cynthia JamisonDirectorSell9,488$5.50$52,184.00View SEC Filing  
3/14/2014Joseph VassalluzzoDirectorBuy15,000$4.58$68,700.00View SEC Filing  
3/13/2014Warren BryantDirectorBuy6,000$4.66$27,960.00View SEC Filing  
3/12/2014Roland SmithCEOBuy50,000$4.61$230,500.00View SEC Filing  
3/11/2014Jeffrey SmithDirectorBuy711,500$4.59$3,265,785.00View SEC Filing  
3/10/2014Jeffrey SmithDirectorBuy2,162,413$4.59$9,925,475.67View SEC Filing  
3/4/2014C Elisa GarciaEVPSell32,977$4.95$163,236.15View SEC Filing  
2/27/2014Nigel TravisDirectorBuy40,000$4.95$198,000.00View SEC Filing  
2/14/2014Steven Mark SchmidtInsiderSell150,000$5.08$762,000.00View SEC Filing  
2/3/2014C Elisa GarciaEVPSell37,500$4.80$180,000.00View SEC Filing  
1/14/2014Steven Mark SchmidtInsiderSell150,000$4.79$718,500.00View SEC Filing  
12/23/2013C Elisa GarciaEVPSell41,064$5.31$218,049.84View SEC Filing  
12/16/2013Steven Mark SchmidtInsiderSell150,000$5.18$777,000.00View SEC Filing  
12/13/2013Jeffrey SmithDirectorBuy1,350,000$5.22$7,047,000.00View SEC Filing  
12/13/2013Matthew BroadEVPSell149,273$5.22$779,205.06View SEC Filing  
12/11/2013Matthew BroadEVPSell31,373$5.36$168,159.28View SEC Filing  
11/18/2013Steven Mark SchmidtInsiderSell150,000$5.52$828,000.00View SEC Filing  
11/15/2013Michael NewmanCFOSell73,187$5.56$406,919.72View SEC Filing  
11/15/2013Nigel TravisDirectorBuy35,587$5.64$200,710.68View SEC Filing  
11/1/2013Kim S MoehlerSVPSell10,906$5.84$63,691.04View SEC Filing  
10/21/2013Kim S MoehlerSVPSell74,245$5.50$408,347.50View SEC Filing  
10/16/2013Kim S MoehlerSVPSell8,790$5.25$46,147.50View SEC Filing  
10/10/2013Kim MoehlerSVPSell9,947$5.00$49,735.00View SEC Filing  
10/10/2013Michael NewmanCFOSell300,000$5.00$1,500,000.00View SEC Filing  
10/10/2013Thomas ColliganDirectorSell25,000$5.03$125,750.00View SEC Filing  
8/23/2013Joseph VassalluzzoDirectorBuy9,500$4.17$39,615.00View SEC Filing  
8/9/2013Cynthia JamisonInsiderBuy2,340$4.26$9,968.40View SEC Filing  
7/29/2013Robert L NardelliInsiderBuy2,331$4.30$10,023.30View SEC Filing  
7/2/2013Cynthia T JamisonInsiderBuy2,525$3.97$10,024.25View SEC Filing  
6/4/2013Thomas J ColliganDirectorSell25,000$4.50$112,500.00View SEC Filing  
3/22/2013David N SiegelInsiderBuy1,250$4.02$5,025.00View SEC Filing  
3/21/2013Robert L NardelliInsiderBuy2,389$4.10$9,794.90View SEC Filing  
2/22/2013Nigel TravisDirectorBuy20,000$4.22$84,400.00View SEC Filing  
10/11/2012Value Lp StarboardMajor ShareholderBuy4,094,119$2.29$9,375,532.51View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Office Depot (NASDAQ:ODP)
Latest Headlines for Office Depot (NASDAQ:ODP)
DateHeadline logoOffice Depot Emulates Amazon In Using Tech Services To Bankroll Retail - October 18 at 7:54 AM logoOffice Depot, Inc. (ODP) Insider Michael R. Allison Sells 360,000 Shares - October 17 at 7:26 PM logoOffice Depot Acquires Complete Office Solutions - Seeking Alpha - October 14 at 6:24 AM logo$2.61 Billion in Sales Expected for Office Depot, Inc. (ODP) This Quarter - October 14 at 3:00 AM logoOffice Depot, Inc. (ODP) Sees Large Drop in Short Interest - October 13 at 1:58 AM logo$0.14 Earnings Per Share Expected for Office Depot, Inc. (ODP) This Quarter - October 12 at 6:32 PM logoOffice Depot, Inc. (ODP) Earns "Hold" Rating from Jefferies Group LLC - October 7 at 2:24 PM logoOffice Depot, Inc. (ODP) Raised to Hold at BidaskClub - October 7 at 10:44 AM logoOffice Depot, Inc. (ODP) Receives Consensus Recommendation of "Hold" from Analysts - October 7 at 10:40 AM logoOffice Depot Takes a Risky New Direction - October 6 at 9:19 AM logoOffice Depot CEO's Answer to Retail Woes? Becoming an IT Help Desk - Wall Street Journal - October 5 at 1:35 PM logoOffice Depot Acquires An IT Company - Seeking Alpha - October 5 at 1:35 PM logo[$$] Office Depot Buys CompuCom - October 5 at 1:35 PM logoToday's Research Reports on Stocks to Watch: Shopify and Office Depot - October 5 at 1:35 PM logoCompany News For Oct 5, 2017 - October 5 at 1:35 PM logoOffice Depot CEO Smith defends $1B deal to jump into tech support - October 4 at 8:52 PM logoWhy Office Depot Inc. Stock Plunged Today - October 4 at 1:26 PM logoRetail and healthcare stocks rise, but others fall - October 4 at 10:53 AM logoOffice Depot buying Compucom for about $1B; shares slump 11% - October 3 at 8:52 PM logoOffice Depot, Inc. :ODP-US: Earnings Analysis: Q2, 2017 By the Numbers : September 26, 2017 - October 2 at 8:04 PM logoETFs with exposure to Office Depot, Inc. : September 27, 2017 - October 2 at 8:04 PM logoWhat is Troubling Office Depot? Are the Remedies Sufficient? - October 2 at 8:04 PM logo$0.17 Earnings Per Share Expected for Office Depot, Inc. (ODP) This Quarter - September 24 at 2:16 AM logoDavid Bleisch Joins Office Depot, Inc. as Chief Legal Officer - September 22 at 6:58 AM logoOffice Depot, Inc. : ODP-US: Dividend Analysis : August 25th, 2017 (record date) : By the numbers : September 20, 2017 - September 22 at 6:58 AM logoOffice Depot hires another executive from ADT - September 22 at 6:58 AM logoWhy is Office Depot Inc (ODP) intrinsic value above its September share price? - September 22 at 6:58 AM logoValidea Joseph Piotroski Strategy Daily Upgrade Report - 9/20/2017 - Nasdaq - September 20 at 7:18 AM logoOffice Depot names Jerri Devard Chief Marketing Officer - September 16 at 7:20 AM logoPre-Market Technical Recap on Specialty Retail Stocks -- eBay, Etsy, HSN Inc., and Office Depot - PR Newswire (press release) - September 14 at 8:39 AM logoOffice Depot, Inc. Names Jerri Devard Chief Marketing Officer - September 14 at 8:39 AM logoOffice Depot hires CMO - September 14 at 8:39 AM logoOffice Depot, Inc. (ODP) Given Consensus Rating of "Hold" by Analysts - September 12 at 1:14 PM logoWhy Did Macy's, Dick's, and Office Depot Shares Sink in August? - September 11 at 9:01 AM logoWells Fargo Commercial Mortgage Trust 2016-LC24 -- Moody's Affirms Seven Classes of Wells Fargo Commercial Mortgage Trust 2016-LC24 - September 9 at 6:58 AM logo Brokerages Expect Office Depot, Inc. (ODP) Will Post Quarterly Sales of $2.65 Billion - September 7 at 8:20 AM logoOffice Depot, Inc. Engages Elementum to Transform Omnichannel Operations and Enhance Customer Experience - September 6 at 7:10 AM logoOffice Depot Down 29% in a Month: Is Only Top Line to Blame? - August 30 at 7:29 AM logoOffice Depot, Inc. Expands Strategic Partnerships Program to School Districts across the Country - August 29 at 8:41 AM logoAn inside look at Office Depot's 'Store of the Future' (Photos) (Video) - August 26 at 7:58 AM logoOffice Depot, Inc. (ODP) Ex-Dividend Date Scheduled for August 23, 2017 - Nasdaq - August 23 at 9:37 AM logoOffice Depot, Inc. – Value Analysis (NASDAQ:ODP) : August 21, 2017 - August 23 at 9:37 AM logoOffice Depot, Inc. (ODP) Expected to Announce Quarterly Sales of $2.65 Billion - August 19 at 3:02 AM logoOffice Depot, Inc. (ODP) Receives Consensus Rating of "Hold" from Brokerages - August 18 at 11:06 AM logo$0.17 EPS Expected for Office Depot, Inc. (ODP) This Quarter - August 17 at 8:24 PM logoOffice Depot: A Curious Use Of Capital - Seeking Alpha - August 17 at 6:30 AM logoSee what the IHS Markit Score report has to say about Office Depot Inc. - August 15 at 5:31 AM logoOffice Depot's (ODP) Buy Rating Reiterated at Bank of America Corporation - August 13 at 6:32 AM logoOffice Depot Inc (ODP) Short Interest Up 9.8% in July - August 11 at 8:34 AM logoToday's Research Reports on Stocks to Watch: Office Depot and Staples - August 11 at 7:11 AM



Office Depot (ODP) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by Staff

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