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

$2.52
-0.05 (-1.95 %)
(As of 01/24/2020 11:32 AM ET)
Today's Range
$2.49
Now: $2.52
$2.57
50-Day Range
$2.19
MA: $2.48
$2.74
52-Week Range
$1.23
Now: $2.52
$3.82
Volume1.07 million shs
Average Volume5.09 million shs
Market Capitalization$1.37 billion
P/E Ratio41.92
Dividend Yield3.98%
Beta2.61
Office Depot, Inc provides business services and supplies, products, and technology solutions. The company operates in three divisions: Business Solutions, Retail, and CompuCom. The Business Solutions division offers office supply products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, U.S. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.02 billion
Cash Flow$0.73 per share
Book Value$3.89 per share

Profitability

Net Income$104 million

Miscellaneous

Employees44,000
Market Cap$1.37 billion
Next Earnings Date2/26/2020 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Wednesday, November 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.025 per share on Friday, December 13th. This represents a $0.10 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, November 21st. View Office Depot's Dividend History.

How will Office Depot's stock buyback program work?

Office Depot announced that its board has authorized a share buyback 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 buy up to 6.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) issued its earnings results on Wednesday, November, 6th. The specialty retailer reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The specialty retailer earned $2.78 billion during the quarter, compared to analyst estimates of $2.84 billion. Office Depot had a return on equity of 10.05% and a net margin of 0.28%. The business's revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 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 Wednesday, February 26th 2020. View Earnings Estimates for Office Depot.

What price target have analysts set for ODP?

1 Wall Street analysts have issued 1 year price objectives for Office Depot's stock. Their forecasts range from $1.20 to $1.20. On average, they expect Office Depot's share price to reach $1.20 in the next year. This suggests that the stock has a possible downside of 52.3%. View Analyst Price Targets for Office Depot.

What is the consensus analysts' recommendation for Office Depot?

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

Has Office Depot been receiving favorable news coverage?

Press coverage about ODP stock has been trending negative on Friday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, 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 assigned news headlines about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Office Depot.

Are investors shorting Office Depot?

Office Depot saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 18,400,000 shares, a decrease of 14.3% from the December 15th total of 21,480,000 shares. Based on an average trading volume of 6,650,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.4% 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?

What other stocks do shareholders of Office Depot own?

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

Who are Office Depot's key executives?

Office Depot's management team includes the folowing people:
  • Mr. Gerry P. Smith, CEO & Director (Age 56)
  • Mr. Joseph T. Lower, Exec. VP & CFO (Age 52)
  • Mr. N. David Bleisch, Exec. VP, Chief Legal & Admin. Officer and Corp. Sec. (Age 60)
  • Ms. Jerri L. DeVard, Exec. VP & Chief Customer Officer (Age 61)
  • Mr. Scott A. Kriss, Sr. VP & Chief Accounting Officer (Age 51)

Who are Office Depot's major shareholders?

Office Depot's stock is owned by a number of of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.08%), Investors Asset Management of Georgia Inc. GA ADV (0.07%), CLARET ASSET MANAGEMENT Corp (0.04%), Louisiana State Employees Retirement System (0.03%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo and Nigel Travis. 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 CLARET ASSET MANAGEMENT Corp, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. View Insider Buying and Selling for Office Depot.

Which major investors are buying Office Depot stock?

ODP stock was purchased by a variety of institutional investors in the last quarter, including Investors Asset Management of Georgia Inc. GA ADV and Zurcher Kantonalbank Zurich Cantonalbank . 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, Robinhood, Fidelity and Charles Schwab.

What is Office Depot's stock price today?

One share of ODP stock can currently be purchased for approximately $2.52.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.37 billion and generates $11.02 billion in revenue each year. The specialty retailer earns $104 million in net income (profit) each year or $0.35 on an earnings per share basis. Office Depot employs 44,000 workers across the globe.View Additional Information About Office Depot.

What is Office Depot's official website?

The official website for Office Depot is http://www.officedepot.com/.

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:  1.9 out of 5 (star)
Outperform Votes:  355 (Vote Outperform)
Underperform Votes:  567 (Vote Underperform)
Total Votes:  922
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 1/24/2020 by MarketBeat.com Staff

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