ODP - ODP Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ODP in the last twelve months. 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.
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2 brokers have issued twelve-month target prices for ODP's stock. Their ODP share price forecasts range from $41.00 to $57.00. On average, they anticipate the company's share price to reach $49.00 in the next year. This suggests a possible upside of 29.6% from the stock's current price.
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ODP's stock was trading at $39.28 at the beginning of the year. Since then, ODP stock has decreased by 3.7% and is now trading at $37.81.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our ODP earnings forecast.

The ODP Co. (NASDAQ:ODP) released its quarterly earnings results on Wednesday, August, 3rd. The specialty retailer reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.33. The specialty retailer earned $2.03 billion during 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%. The company's revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 EPS.

ODP's stock reverse split on the morning of 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.

ODP declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 5th 2021, which permits the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 13% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

ODP updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of $4.10-$4.50 for the period, compared to the consensus EPS 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.

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.

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).

ODP trades on the NASDAQ under the ticker symbol "ODP."

ODP's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (3.54%), Greenlight Capital Inc. (3.44%), Canyon Capital Advisors LLC (2.30%), Kite Lake Capital Management UK LLP (2.10%), Northern Trust Corp (1.39%) and Kanen Wealth Management LLC (1.04%). Insiders that own company stock include Gerry P Smith, John Gannfors, Kevin Moffitt, N David Bleisch, Richard A Haas Jr and Stephen M Mohan.
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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.
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One share of ODP stock can currently be purchased for approximately $37.81.

ODP (NASDAQ:ODP) has a market capitalization of $1.86 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.

The company employs 26,000 workers across the globe.

ODP was founded in 1986.

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.