NASDAQ:ODP

ODP - ODP Stock Forecast, Price & News

$36.22

+0.03 (+0.08%)

(As of 10/6/2022 12:00 AM ET)

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Today's Range: $36.03
▼
$36.76
50-Day Range: $34.93
▼
$38.67
52-Week Range: $28.85
▼
$48.00

Volume: 241,346 shs
Average Volume: 430,704 shs
Market Capitalization: $1.78 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: 35.3% Upside
$49.00 Price Target
Short Interest: Bearish
9.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.49
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$250,648 Sold Last Quarter
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.

1.71 out of 5 stars

Retail/Wholesale Sector

181st out of 210 stocks

Miscellaneous Shopping Goods Stores Industry

6th out of 8 stocks

3.3

Analyst's Opinion

Consensus Rating
ODP has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $49.00, ODP has a forecasted upside of 35.3% from its current price of $36.22.
Amount of Analyst Coverage
ODP has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
9.59% of the float of ODP has been sold short.
Short Interest Ratio / Days to Cover
ODP has a short interest ratio ("days to cover") of 10.1, which indicates bearish sentiment.
Change versus previous month
Short interest in ODP has recently decreased by 0.66%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
ODP does not currently pay a dividend.
Dividend Growth
ODP does not have a long track record of dividend growth.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ODP has received a 15.12% net impact score from Upright. Office Depot seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Payroll services", "Bookkeeping services", and "Physical retail of packaging materials at an office supplies store" products. See details.
Environmental Sustainability
The Environmental Impact score for ODP is -1.49.

1.3

News and Social Media Coverage

News Sentiment
ODP has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
MarketBeat Follows
Only 2 people have added ODP to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ODP insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $250,648.00 in company stock.
Percentage Held by Insiders
Only 3.00% of the stock of ODP is held by insiders.
Percentage Held by Institutions
92.15% of the stock of ODP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of ODP is -20.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of ODP is -20.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
ODP has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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ODP Stock News Headlines

September 28, 2022 | streetinsider.com

Regency Centers Announces Appointment of Kristin Campbell to Board of Directors - StreetInsider.com

September 13, 2022 | stocknews.com

GME: The Worst Stock to Buy on Wall Street Right Now - StockNews.com

September 12, 2022 | benzinga.com

ODP (NASDAQ:ODP) – Brit + Co Announces Year-Round Scholarship Program in Collaboration with Office Depot - Benzinga

September 9, 2022 | markets.businessinsider.com

Excelerate America to host Grant Competition for Entrepreneurs in partnership with ODP Business Solutions

September 1, 2022 | finance.yahoo.com

ODP Joins The Trend Of Selling Corporate Headquarters; Aims For Cost Cuts

August 31, 2022 | seekingalpha.com

The ODP Corporation: A Bargain With Multiple Catalysts (NASDAQ:ODP) - Seeking Alpha

August 24, 2022 | marketwatch.com

Office Depot parent to sell and partially lease back Florida headquarters

August 24, 2022 | bizjournals.com

ODP Corp. to sell headquarters building in Boca Raton to PEBB Enterprises, BH Group - South Florida Business Journal - The Business Journals

August 24, 2022 | businesswire.com

The ODP Corporation Enters Into Definitive Agreement for a Sale and Partial Leaseback of Its Corporate Headquarters - Business Wire

August 24, 2022 | finance.yahoo.com

ODP Corp. agrees to sell and partially lease back its corporate HQ in Boca Raton

August 17, 2022 | businesswire.com

ODP Announces Final Results of Dutch Auction Tender Offer - Business Wire

August 15, 2022 | streetinsider.com

Uber (UBER) Partners with Office Depot (ODP) to Deliver Office and School Supplies Nationwide - StreetInsider.com

August 5, 2022 | markets.businessinsider.com

ODP Corp. Sales Decline 2%

August 4, 2022 | finance.yahoo.com

The ODP Corporation Announces Second Quarter 2022 Results - Yahoo Finance

August 4, 2022 | nasdaq.com

The ODP Q2 22 Earnings Conference Call At 9:00 AM ET - Nasdaq

August 3, 2022 | investing.com

ODP Earnings Beat, Revenue Misses In Q2 By Investing.com - Investing.com

August 3, 2022 | investing.com

ODP Corporation Tops Q2 EPS by 33c By Investing.com - Investing.com

August 3, 2022 | seekingalpha.com

The ODP Non-GAAP EPS beats by $0.33, revenue misses by $10M, reaffirms FY guidance - Seeking Alpha

August 3, 2022 | in.investing.com

ODP earnings beat, Revenue misses in Q2 - Investing.com India

August 3, 2022 | ca.investing.com

ODP Corporation Tops Q2 EPS by 33c By Investing.com - Investing.com Canada

August 3, 2022 | businesswire.com

The ODP Corporation Announces Second Quarter 2022 Results - Business Wire

July 29, 2022 | stocknews.com

GME: Is GameStop Stock a Buy After Its 4-for-1 Split? - StockNews.com

July 22, 2022 | businesswire.com

The ODP Corporation Releases 2022 Sustainability Report - Business Wire

July 20, 2022 | finance.yahoo.com

The ODP Corporation to Announce Second Quarter 2022 Earnings Results Wednesday, August 3, 2022

July 19, 2022 | greenwichtime.com

Goldman Sachs, ODP, Boeing rise; Seagen falls - Greenwich Time

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30 days | 90 days | 365 days | Advanced Chart

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ODP Company Calendar

Last Earnings: 8/03/2022
Today: 10/06/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Miscellaneous shopping goods stores
Sub-Industry: Specialty Stores
Sector: Retail/Wholesale
Current Symbol: NASDAQ:ODP
CUSIP: 67622010
CIK: 800240
Web: www.officedepot.com
Phone: (561) 438-4800
Fax: 800-685-5010
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: +35.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.78)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 8.42
P/E Growth: N/A
Net Income: $-208,000,000.00
Net Margins: -1.08%
Pretax Margin: 2.74%
Return on Equity: 14.99%
Return on Assets: 4.92%

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: 1.06
Quick Ratio: 0.55

Sales & Book Value

Annual Sales: $8.47 billion
Price / Sales: 0.21
Cash Flow: $7.39 per share
Price / Cash Flow: 4.90
Book Value: $27.88 per share
Price / Book: 1.30

Miscellaneous

Outstanding Shares: 49,197,000
Free Float: 47,721,000
Market Cap: $1.78 billion
Optionable: Optionable
Beta: 1.75

Social Links

Key Executives

Mr. Gerry P. Smith (Age 59)
CEO & Director
Comp: $3.48M

Mr. Diego Anthony Scaglione (Age 50)
Exec. VP, CFO & Principal Accounting Officer
Comp: $1.62M

Mr. Terry Leeper (Age 57)
Exec. VP & CTO
Comp: $1.33M

Mr. John W. Gannfors (Age 56)
Exec. VP and Chief Merchandising & Supply Chain Officer
Comp: $1.41M

Mr. Brian Todd Hale (Age 49)
Exec. VP & Chief Information Officer

Ms. Sarah E. Hlavinka (Age 57)
Exec. VP, Chief Legal & Admin. Officer and Corp. Sec.

Mr. Timothy J. Perrott
VP of Investor Relations

Ms. Zoe Maloney (Age 49)
Exec. VP & Chief HR Officer

Mr. Kevin Moffitt (Age 48)
Exec. VP & Chief Retail Officer

Mr. Udo Gerhard Heskamp (Age 61)
Group Chief Financial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 year. 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 brokerages have issued 1 year price objectives for ODP's shares. Their ODP share price forecasts range from $41.00 to $57.00. On average, they expect the company's share price to reach $49.00 in the next twelve months. This suggests a possible upside of 35.3% 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 2022. Since then, ODP shares have decreased by 7.8% and is now trading at $36.22.
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 data on Wednesday, August, 3rd. The specialty retailer reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. The specialty retailer had revenue of $2.03 billion for 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%. ODP's revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS.
When did ODP's stock split?: ODP's stock reverse split before market open on 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 approved a stock buyback program on Wednesday, May 5th 2021, which permits the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 13% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.
What guidance has ODP issued on next quarter's earnings?: ODP issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $4.10-$4.50 for the period, compared to the consensus earnings per share 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."
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 $36.22.
How much money does ODP make?: ODP (NASDAQ:ODP) has a market capitalization of $1.78 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
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 10/7/2022 by MarketBeat.com Staff

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ODP - ODP Stock Forecast, Price & News

ODP MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month