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

$1.45
-0.04 (-2.68 %)
(As of 08/23/2019 07:13 AM ET)
Today's Range
$1.4350
Now: $1.45
$1.50
50-Day Range
$1.35
MA: $1.86
$2.24
52-Week Range
$1.33
Now: $1.45
$3.82
Volume4.15 million shs
Average Volume5.74 million shs
Market Capitalization$792.25 million
P/E Ratio4.14
Dividend Yield6.94%
Beta2.32
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$0.7360 per share
Book Value$3.81 per share

Profitability

Net Income$104 million

Miscellaneous

Employees44,000
Market Cap$792.25 million
Next Earnings Date11/6/2019 (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, August 7th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.025 per share on Friday, September 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Thursday, August 22nd. View Office Depot's Dividend History.

How will Office Depot's stock buyback program work?

Office Depot declared that its Board of Directors has initiated a share buyback program on Tuesday, November 20th 2018, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 6.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) announced its earnings results on Wednesday, August, 7th. The specialty retailer reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The specialty retailer earned $2.59 billion during the quarter, compared to analyst estimates of $2.59 billion. Office Depot had a net margin of 0.27% and a return on equity of 9.35%. The company's revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 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, November 6th 2019. View Earnings Estimates for Office Depot.

What guidance has Office Depot issued on next quarter's earnings?

Office Depot updated its FY 2019 earnings guidance on Wednesday, August, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $10.8-10.9 billion, compared to the consensus revenue estimate of $10.84 billion.

What price target have analysts set for ODP?

2 equities research analysts have issued 12 month price objectives for Office Depot's shares. Their predictions range from $1.20 to $4.00. On average, they anticipate Office Depot's stock price to reach $2.60 in the next twelve months. This suggests a possible upside of 79.3% from the stock's current price. View Analyst Price Targets for Office Depot.

What is the consensus analysts' recommendation for Office Depot?

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 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Office Depot.

Has Office Depot been receiving favorable news coverage?

News coverage about ODP stock has been trending positive this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Office Depot earned a news sentiment score of 2.5 on InfoTrie's scale. They also gave news headlines about the specialty retailer a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the near future. View News Stories for Office Depot.

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), Linn Energy (LINEQ), Intel (INTC), General Electric (GE), AT&T (T), Micron Technology (MU) and Zynga (ZNGA).

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 many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.79%), Vanguard Group Inc. (10.69%), LSV Asset Management (4.84%), Canyon Capital Advisors LLC (2.27%), Towle & Co. (2.25%) and Northern Trust Corp (2.15%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, Michael R Allison, Michael Rabinovitch and Nigel Travis. View Institutional Ownership Trends for Office Depot.

Which institutional investors are selling Office Depot stock?

ODP stock was sold by a variety of institutional investors in the last quarter, including Aristotle Fund L.P., Prudential Financial Inc., Bank of New York Mellon Corp, Skandinaviska Enskilda Banken AB publ , United Services Automobile Association, Alberta Investment Management Corp, Wells Fargo & Company MN and Acadian Asset Management LLC. View Insider Buying and Selling for Office Depot.

Which institutional investors are buying Office Depot stock?

ODP stock was purchased by a variety of institutional investors in the last quarter, including Canyon Capital Advisors LLC, Invesco Ltd., Nuveen Asset Management LLC, Bank of America Corp DE, AQR Capital Management LLC, Panagora Asset Management Inc., BlackRock Inc. and Morgan Stanley. 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 $1.45.

How big of a company is Office Depot?

Office Depot has a market capitalization of $792.25 million 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:  322 (Vote Outperform)
Underperform Votes:  542 (Vote Underperform)
Total Votes:  864
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 8/23/2019 by MarketBeat.com Staff

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