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What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
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CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
NASDAQ:ODP

ODP (ODP) Stock Price, News & Analysis

$49.38
-0.62 (-1.24%)
(As of 04/18/2024 ET)
Today's Range
$49.37
$50.36
50-Day Range
$49.38
$56.48
52-Week Range
$39.36
$58.98
Volume
360,828 shs
Average Volume
309,166 shs
Market Capitalization
$1.81 billion
P/E Ratio
14.61
Dividend Yield
N/A
Price Target
$62.00

ODP MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
25.6% Upside
$62.00 Price Target
Short Interest
Bearish
9.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.33mentions of ODP in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.38 M Sold Last Quarter
Proj. Earnings Growth
24.17%
From $5.71 to $7.09 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.63 out of 5 stars

Retail/Wholesale Sector

50th out of 198 stocks

Miscellaneous Shopping Goods Stores Industry

2nd out of 6 stocks

ODP stock logo

About ODP Stock (NASDAQ:ODP)

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis. The ODP Business Solutions division offers adjacency products, including cleaning, janitorial, and breakroom supplies, office furniture, technology products; and copy and print services through sales force, catalogs, telesales, and through Internet websites. This segment also engages in office supply distribution business. The Office Depot division sells office supplies, technology products and solutions, business machines and related supplies, cleaning, breakroom and facilities products, personal protective equipment, and office furniture; and offers business services, including copying, printing, digital imaging, mailing, shipping, and technology support services through a fully integrated omni-channel platform of 980 Office Depot and OfficeMax retail stores, and through www.officedepot.com. The Veyer division engages in supply chain, distribution, procurement, and global sourcing operations. The Varis division operates tech-enabled B2B indirect procurement marketplace, where buyers and suppliers to transact through the platform's consumer-like buying experience, advanced spend management tools, network of suppliers, and technology capabilities. The company offers its products under various brands, including Office Depot, OfficeMax, and Grand&Toy, as well as others. The ODP Corporation was incorporated in 1986 and is headquartered in Boca Raton, Florida.

ODP Stock Price History

ODP Stock News Headlines

288 apartments planned at Boca Raton office site
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3 Reasons To Consider ODP Corporation
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These sheets tell you the exact day you should consider buying a stock… And the exact day you should consider selling it… All based on TEN YEARS of historic data and trends. For example, like January 6th through the 12th with Apple… It’s gone up every single year for the last decade. Or like May 26th through June 11th with LULU… Again - it’s gone up every single year for the last decade. Then there’s July 1st through the 21st with Walmart… What happened to WMT?
ODP Apr 2024 48.000 put
Noble Financial Keeps Their Buy Rating on ODP (ODP)
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/18/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous shopping goods stores
Sub-Industry
Specialty Stores
Current Symbol
NASDAQ:ODP
CUSIP
67622010
Employees
20,000
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$62.00
High Stock Price Target
$65.00
Low Stock Price Target
$56.00
Potential Upside/Downside
+25.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$139 million
Pretax Margin
2.55%

Debt

Sales & Book Value

Annual Sales
$7.83 billion
Cash Flow
$8.90 per share
Book Value
$29.46 per share

Miscellaneous

Free Float
35,301,000
Market Cap
$1.81 billion
Optionable
Optionable
Beta
1.62

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Key Executives


ODP Stock Analysis - Frequently Asked Questions

Should I buy or sell ODP stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ODP in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ODP shares.
View ODP analyst ratings
or view top-rated stocks.

What is ODP's stock price target for 2024?

3 equities research analysts have issued 1 year price objectives for ODP's shares. Their ODP share price targets range from $56.00 to $65.00. On average, they anticipate the company's stock price to reach $62.00 in the next twelve months. This suggests a possible upside of 25.6% from the stock's current price.
View analysts price targets for ODP
or view top-rated stocks among Wall Street analysts.

How have ODP shares performed in 2024?

ODP's stock was trading at $56.30 on January 1st, 2024. Since then, ODP shares have decreased by 12.3% and is now trading at $49.38.
View the best growth stocks for 2024 here
.

Are investors shorting ODP?

ODP saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 3,330,000 shares, a decrease of 37.6% from the March 15th total of 5,340,000 shares. Based on an average trading volume of 310,700 shares, the short-interest ratio is currently 10.7 days. Approximately 9.4% of the company's stock are short sold.
View ODP's Short Interest
.

When is ODP's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our ODP earnings forecast
.

How were ODP's earnings last quarter?

The ODP Co. (NASDAQ:ODP) issued its quarterly earnings data on Wednesday, February, 28th. The specialty retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.76 by $0.16. The specialty retailer had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. ODP had a net margin of 1.77% and a trailing twelve-month return on equity of 19.45%. The business's revenue for the quarter was down 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share.

When did ODP's stock split?

Shares of ODP reverse split before market open on 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.

How will ODP's stock buyback program work?

ODP announced that its board has approved a share repurchase plan on Wednesday, February 28th 2024, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 48.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

What guidance has ODP issued on next quarter's earnings?

ODP issued an update on its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of 5.600-5.800 for the period, compared to the consensus EPS estimate of 5.700. The company issued revenue guidance of $7.4 billion-$7.7 billion, compared to the consensus revenue estimate of $7.7 billion.

What is Gerry Smith's approval rating as ODP's CEO?

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.

What other stocks do shareholders of ODP own?

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).

Who are ODP's major shareholders?

ODP's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.31%) and Oliver Luxxe Assets LLC (0.06%). Insiders that own company stock include Diego Anthony Scaglione, Gerry P Smith, John Gannfors, Kevin Moffitt, N David Bleisch, Richard A Haas Jr, Stephen M Mohan and Zoe Maloney.
View institutional ownership trends
.

How do I buy shares of ODP?

Shares of ODP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does ODP have any subsidiaries?
The following companies are subsidiares of ODP: 2300 South Congress LLC, 4Sure.com Inc., 6600 North Holdings LLC, 6600 North Owner LLC, Admiral Express LLC, Allied Building Products, Americas Office Source Inc., AsiaEC.com, AsiaEC.com Limited, Bertelson Brothers Inc., Best Office Co, BuyerQuest Holdings Inc, COS Business Products & Interiors Inc., Chicago Regency LLC, Clearfield Insurance Limited, Complete Office LLC, Complete Office Solutions, Complete Office of California Inc., Complete Office of Wisconsin Inc., CompuCom, Computers4Sure, Computers4Sure.com Inc., Discount Office Items Inc., Garvey’s Office Products Inc., Grand & Toy Limited, Guilbert Express SA, Guilbert UK Pension Trustees Ltd, HC Land Company LLC, Japan Office Supplies LLC, Lincoln Merger Sub Two LLC, Mapleby Holdings Merger Corporation, Midway Office Supply LLC, Neighborhood Retail Development Fund LLC, North American Card and Coupon Services LLC, Notus Aviation Inc., OD Brazil Holdings LLC, OD France L.L.C., OD International Inc., OD Medical Solutions LLC, ODP Business Solutions Holdings LLC, ODP Business Solutions LLC, ODP International LLC, ODP Investment LLC, ODV France LLC, OM Luxembourg Holdings S.à r.l., OMX Inc., OMX Timber Finance Holdings I LLC, OMX Timber Finance Holdings II LLC, Office Depot Asia Holding Limited, Office Depot Foreign Holdings GP LLC, Office Depot Foreign Holdings LP LLC, Office Depot Global Sourcing Ltd, Office Depot LLC, Office Depot Merchandising (Shenzhen) Co. Ltd., Office Depot N.A. Shared Services LLC, Office Depot Overseas Holding Limited, Office Depot Pension Finance LLC, Office Depot Puerto Rico LLC, Office Depot UK Pension Sponsor Limited, Office Essentials Inc., Office Max, OfficeMax Incorporated, OfficeMax Nevada Company, OfficeMax North America Inc., OfficeMax Southern Company, POP Pinnacle Office Products LLC, Papirius, Perimeter Office Products Inc., Picabo Holdings Inc., Premium Inc., Regency Franchise Group LLC, Regency Office Products LLC, Regency Office Products of Missouri LLC, Reliable Express Corporation, SOS Investments LLC, Sandia Office Supply Inc., Solutions4Sure.com, Solutions4Sure.com Inc., Swinton Avenue Trading Limited Inc., The Office Club Inc., Trio Supply Company, Varis Holdings LLC, Varis LLC, Veyer LLC, Veyer Logistics LLC, Viking Direct (Ireland) Ltd, Viking Office Products Inc., Wahkiakum Gas Corporation, ZerBee LLC, and eDepot LLC.
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This page (NASDAQ:ODP) was last updated on 4/18/2024 by MarketBeat.com Staff

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