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

$2.35
+0.05 (+2.17 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$2.15
Now: $2.35
$2.37
50-Day Range
$2.22
MA: $2.43
$2.68
52-Week Range
$1.23
Now: $2.35
$3.82
Volume7.28 million shs
Average Volume5.16 million shs
Market Capitalization$1.28 billion
P/E Ratio13.06
Dividend Yield4.35%
Beta2.63
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$10.65 billion
Cash Flow$0.73 per share
Book Value$3.89 per share

Profitability

Net Income$104 million

Miscellaneous

Employees44,000
Market Cap$1.28 billion
Next Earnings Date5/13/2020 (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 announced a quarterly dividend on Tuesday, February 4th. Investors of record on Monday, March 2nd will be given a dividend of $0.025 per share on Friday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, February 28th. 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 allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.3% of its shares through open market purchases. Shares repurchase 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) released its quarterly earnings data on Wednesday, February, 26th. The specialty retailer reported $0.12 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.09 by $0.03. The specialty retailer had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.62 billion. Office Depot had a return on equity of 10.83% and a net margin of 0.93%. Office Depot's revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. 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 13th 2020. View Earnings Estimates for Office Depot.

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

Office Depot updated its FY 2020 Pre-Market earnings guidance on Wednesday, February, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $10.5-10.5 billion, compared to the consensus revenue estimate of $10.46 billion.

What price target have analysts set for ODP?

1 equities research analysts have issued twelve-month price targets for Office Depot's shares. Their forecasts range from $1.20 to $1.20. On average, they anticipate Office Depot's share price to reach $1.20 in the next twelve months. This suggests that the stock has a possible downside of 48.9%. 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?

News headlines about ODP stock have trended very negative this week, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Office Depot earned a daily sentiment score of -4.0 on InfoTrie's scale. They also gave news articles about the specialty retailer a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the near term. View News Stories for Office Depot.

Are investors shorting Office Depot?

Office Depot saw a increase in short interest in January. As of January 31st, there was short interest totalling 21,110,000 shares, an increase of 14.7% from the January 15th total of 18,400,000 shares. Based on an average trading volume of 6,370,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 3.9% of the company's stock are short sold. 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), Ford Motor (F), Warren Resources (WRESQ), AT&T (T), Intel (INTC), General Electric (GE), Linn Energy (LINEQ), Micron Technology (MU) and Walt Disney (DIS).

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 Hotchkis & Wiley Capital Management LLC (8.57%), LSV Asset Management (4.82%), Canyon Capital Advisors LLC (4.75%), State Street Corp (3.49%), Bank of New York Mellon Corp (2.05%) and Geode Capital Management LLC (1.48%). 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 Hotchkis & Wiley Capital Management LLC, Renaissance Technologies LLC, Bank of America Corp DE, Kennedy Capital Management Inc., New York State Common Retirement Fund, Connor Clark & Lunn Investment Management Ltd., KBC Group NV and Acadian Asset Management LLC. View Insider Buying and Selling for Office Depot.

Which major investors are buying Office Depot stock?

ODP stock was acquired by a variety of institutional investors in the last quarter, including Canyon Capital Advisors LLC, Vident Investment Advisory LLC, Great West Life Assurance Co. Can, Mackay Shields LLC, State Street Corp, Adirondack Research & Management Inc., Chicago Equity Partners LLC and Victory Capital Management Inc.. 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 $2.35.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.28 billion and generates $10.65 billion in revenue each year. The specialty retailer earns $104 million in net income (profit) each year or $0.41 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:  360 (Vote Outperform)
Underperform Votes:  571 (Vote Underperform)
Total Votes:  931
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 2/29/2020 by MarketBeat.com Staff

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