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NASDAQ:ODP

ODP (ODP) Stock Price, News & Analysis

$30.47
-0.25 (-0.81%)
(As of 10/8/2024 ET)

About ODP Stock (NASDAQ:ODP)

Key Stats

Today's Range
$30.21
$30.82
50-Day Range
$24.56
$42.25
52-Week Range
$23.69
$58.98
Volume
444,934 shs
Average Volume
456,833 shs
Market Capitalization
$1.09 billion
P/E Ratio
14.72
Dividend Yield
N/A
Price Target
$30.00
Consensus Rating
Hold

Company Overview

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 Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
84th Percentile Overall Score

ODP MarketRank™: 

ODP scored higher than 84% of companies evaluated by MarketBeat, and ranked 69th out of 217 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ODP has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    ODP has only been the subject of 1 research reports in the past 90 days.

  • Read more about ODP's stock forecast and price target.
  • Earnings Growth

    Earnings for ODP are expected to grow by 53.61% in the coming year, from $4.29 to $6.59 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ODP is 14.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.10.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ODP is 14.72, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 22.88.

  • Price to Earnings Growth Ratio

    ODP has a PEG Ratio of 0.50. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    ODP has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about ODP's valuation and earnings.
  • Percentage of Shares Shorted

    12.63% of the float of ODP has been sold short.
  • Short Interest Ratio / Days to Cover

    ODP has a short interest ratio ("days to cover") of 7.4.
  • Change versus previous month

    Short interest in ODP has recently decreased by 2.86%, indicating that investor sentiment is improving.
  • Dividend Yield

    ODP does not currently pay a dividend.

  • Dividend Growth

    ODP does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of ODP is 4.83%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, ODP will have a dividend payout ratio of 1.52% next year. This indicates that ODP will be able to sustain or increase its dividend.

  • Read more about ODP's dividend.
  • Percentage of Shares Shorted

    12.63% of the float of ODP has been sold short.
  • Short Interest Ratio / Days to Cover

    ODP has a short interest ratio ("days to cover") of 7.4.
  • Change versus previous month

    Short interest in ODP has recently decreased by 2.86%, indicating that investor sentiment is improving.
  • News Sentiment

    ODP has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for ODP this week, compared to 4 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, ODP insiders have bought more of their company's stock than they have sold. Specifically, they have bought $99,859.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 3.60% of the stock of ODP is held by insiders.

  • Percentage Held by Institutions

    99.56% of the stock of ODP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about ODP's insider trading history.
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ODP Stock News Headlines

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ODP Stock Analysis - Frequently Asked Questions

ODP's stock was trading at $56.30 at the beginning of 2024. Since then, ODP stock has decreased by 45.9% and is now trading at $30.47.
View the best growth stocks for 2024 here
.

The ODP Co. (NASDAQ:ODP) issued its earnings results on Wednesday, August, 7th. The specialty retailer reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $1.20 by $0.64. The company's quarterly revenue was down 10.0% on a year-over-year basis.

ODP shares 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's Board of Directors approved a stock buyback plan on Wednesday, February 28th 2024, which authorizes the company to repurchase $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 48.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

The following companies are subsidiaries of ODP: BuyerQuest Holdings Inc, Complete Office Solutions, CompuCom, Office Max, AsiaEC.com, Papirius, Allied Building Products, and more.

Top institutional shareholders of ODP include SG Americas Securities LLC (0.01%). Insiders that own company stock include Gerry P Smith, Diego Anthony Scaglione, Kevin Moffitt, John Gannfors, Zoe Maloney, Wendy Lee Schoppert and N David Bleisch.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that ODP investors own include Bank of America (BAC), AT&T (T), Ford Motor (F), General Electric (GE), Intel (INTC), Warren Resources (WRESQ).

Company Calendar

Last Earnings
8/07/2024
Today
10/08/2024
Next Earnings (Estimated)
11/13/2024
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
$30.00
High Stock Price Target
$30.00
Low Stock Price Target
$30.00
Potential Upside/Downside
-2.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$139 million
Pretax Margin
0.80%

Debt

Sales & Book Value

Annual Sales
$7.40 billion
Cash Flow
$9.36 per share
Book Value
$29.46 per share

Miscellaneous

Free Float
34,603,000
Market Cap
$1.10 billion
Optionable
Optionable
Beta
1.50

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This page (NASDAQ:ODP) was last updated on 10/8/2024 by MarketBeat.com Staff
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