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

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$3.69 +0.07 (+1.93 %)
(As of 03/26/2019 12:03 PM ET)
Previous Close$3.62
Today's Range$3.64 - $3.73
52-Week Range$2.00 - $3.82
Volume139,980 shs
Average Volume7.53 million shs
Market Capitalization$2.00 billion
P/E Ratio10.57
Dividend Yield2.84%
Beta2.71
Office Depot, Inc., together with its subsidiaries, provides various products and services. It operates in three divisions: Retail, Business Solutions, and CompuCom. The Retail division operates retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and office furniture in the United States, Puerto Rico, and the U.S. Virgin Islands. Its stores also provide printing, reproduction, mailing, and shipping services. As of December 31, 2017, this division operated 1,378 office supply stores. The Business Solutions division sells office supply products and services through sales forces, catalogs, and telesales, as well as through Internet sites in the United States, Puerto Rico, U.S. Virgin Islands, and Canada. The CompuCom division sells information technology (IT) outsourcing services and products in the United States, Canada, and Costa Rica. It offers a range of solutions, including end user computing (tablets, smartphones, laptops, and desktops), data center management, service desk, network infrastructure, and IT workforce solutions. This division serves its customers through IT service and sales representatives and telesales, as well as Internet sites. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, and Grand & Toy. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.

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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$0.7688 per share
Book Value$3.89 per share

Profitability

Net Income$104 million

Miscellaneous

Employees44,000
Market Cap$2.00 billion
Next Earnings Date5/8/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Tuesday, February 5th. Shareholders of record on Friday, March 1st will be given a dividend of $0.025 per share on Friday, March 15th. This represents a $0.10 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, February 28th. 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 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 purchase up to 6.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) posted its quarterly earnings data on Wednesday, February, 27th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The specialty retailer earned $2.67 billion during the quarter, compared to the consensus estimate of $2.68 billion. Office Depot had a return on equity of 9.22% and a net margin of 0.94%. Office Depot's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 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, May 8th 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, February, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $11.1-11.1 billion, compared to the consensus revenue estimate of $11.05 billion.

What price target have analysts set for ODP?

3 brokerages have issued 12 month price targets for Office Depot's stock. Their predictions range from $4.00 to $4.50. On average, they anticipate Office Depot's stock price to reach $4.25 in the next year. This suggests a possible upside of 15.2% from the stock's current price. View Analyst Price Targets for Office Depot.

What is the consensus analysts' recommendation for Office Depot?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Office Depot in the last year. There are currently 2 hold ratings and 1 buy 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?

Media stories about ODP stock have trended somewhat negative on Tuesday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Office Depot earned a daily sentiment score of -1.4 on InfoTrie's scale. They also assigned media coverage about the specialty retailer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.

Are investors shorting Office Depot?

Office Depot saw a increase in short interest in the month of February. As of February 28th, there was short interest totalling 13,408,705 shares, an increase of 13.7% from the February 15th total of 11,792,613 shares. Based on an average trading volume of 6,087,540 shares, the short-interest ratio is presently 2.2 days. Currently, 2.5% of the shares of the stock 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), Ford Motor (F), Intel (INTC), General Electric (GE), AT&T (T), Micron Technology (MU), Zynga (ZNGA), Staples (SPLS), Twitter (TWTR) and Sirius XM (SIRI).

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. Brian Todd Hale, Exec. VP & Chief Information Officer (Age 46)
  • Mr. John W. Gannfors, Exec. VP and Chief Merchandising & Supply Chain Officer (Age 53)
  • Mr. Stephen Robert Calkins, Pres of Bus. Solutions Division (Age 48)
  • Mr. Joseph T. Lower, Exec. VP & CFO (Age 52)

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. (14.62%), Dimensional Fund Advisors LP (8.54%), LSV Asset Management (4.11%), Towle & Co. (2.24%), Northern Trust Corp (2.11%) and Norges Bank (2.00%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, Michael R Allison, Michael Rabinovitch, Nigel Travis and Stephen R Calkins. 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., James Investment Research Inc., Bank of New York Mellon Corp, First Trust Advisors LP, Commonwealth Bank of Australia, Two Sigma Investments LP, Northern Trust Corp and Meeder Asset Management Inc.. View Insider Buying and Selling for Office Depot.

Which institutional investors are buying Office Depot stock?

ODP stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, LSV Asset Management, WINTON GROUP Ltd, Gotham Asset Management LLC, Acadian Asset Management LLC, Millennium Management LLC, BlackRock Inc. and Bank of America Corp DE. 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 $3.69.

How big of a company is Office Depot?

Office Depot has a market capitalization of $2.00 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.

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:  1.8 out of 5 (star)
Outperform Votes:  291 (Vote Outperform)
Underperform Votes:  510 (Vote Underperform)
Total Votes:  801
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 3/26/2019 by MarketBeat.com Staff

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