ODP (ODP) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $25.60 to $25.97
• 50-Day Range: $24.92 to $31.88
• 52-Week Range: $23.69 to $58.98
• Volume: 452,085 shs
• Average Volume: 468,280 shs
• Market Capitalization: $778.85 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $28.00
• Consensus Rating: Hold

ODP Stock Analysis - MarketRank™

ODP scored higher than 70% of companies evaluated by MarketBeat, and ranked 130th out of 215 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

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.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 33.74%

Earnings Growth

Earnings for ODP are expected to grow by 33.74% in the coming year, from $3.26 to $4.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ODP is -28.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of ODP is -28.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

ODP has a PEG Ratio of 0.55. 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 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

14.18% 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 7.3.

Change versus previous month

Short interest in ODP has recently decreased by 3.97%, indicating that investor sentiment is improving.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

ODP does not currently pay a dividend.

Dividend Growth

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

Dividend Sustainability

Based on earnings estimates, ODP will have a dividend payout ratio of 2.29% next year. This indicates that ODP will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -1.49

Percentage of Shares Shorted

14.18% 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 7.3.

Change versus previous month

Short interest in ODP has recently decreased by 3.97%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: 0.17

News Sentiment

ODP has a news sentiment score of 0.17. 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 is a lower news sentiment than the 0.62 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for ODP this week, compared to 5 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, ODP insiders have not sold or bought any 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.

ODP Stock Analysis - Frequently Asked Questions

How have ODP shares performed this year?

ODP's stock was trading at $56.30 at the beginning of the year. Since then, ODP shares have decreased by 54.1% and is now trading at $25.86.
View the best growth stocks for 2024 here.

How were ODP's earnings last quarter?

The ODP Co. (NASDAQ:ODP) posted its quarterly earnings results on Wednesday, November, 6th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.60 by $0.89. The company's quarterly revenue was down 11.3% on a year-over-year basis.

When did ODP's stock split?

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.

How will ODP's stock buyback program work?

ODP's Board of Directors authorized a stock repurchase program on Wednesday, February 28th 2024, which permits the company to repurchase $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 48.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Does ODP have any subsidiaries?

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

Who are ODP's major shareholders?

ODP's top institutional investors include State Street Corp (5.12%), Hotchkis & Wiley Capital Management LLC (3.83%), Geode Capital Management LLC (2.70%) and Weiss Asset Management LP (1.90%). 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.

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.

What other stocks do shareholders of ODP own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ODP investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Miscellaneous shopping goods stores
• Sub-Industry: Specialty Stores
• Current Symbol: NASDAQ:ODP
• CUSIP: 67622010
• CIK: 800240
• Web: www.officedepot.com
• Phone: (561) 438-4800
• Fax: 800-685-5010
• Employees: 20,000
• Year Founded: 1986

Price Target and Rating

• Average Stock Price Target: $28.00
• High Stock Price Target: $28.00
• Low Stock Price Target: $28.00
• Potential Upside/Downside: +8.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.91)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 7.93
• P/E Growth: 0.55
• Net Income: $139 million
• Net Margins: -0.52%
• Pretax Margin: 0.63%
• Return on Equity: 12.15%
• Return on Assets: 3.18%

Debt

• Debt-to-Equity Ratio: 0.28
• Current Ratio: 0.92
• Quick Ratio: 0.47

Sales & Book Value

• Annual Sales: $7.18 billion
• Price / Sales: 0.11
• Cash Flow: $9.34 per share
• Price / Cash Flow: 2.77
• Book Value: $29.46 per share
• Price / Book: 0.88

Miscellaneous

• Outstanding Shares: 30,118,000
• Free Float: 29,034,000
• Market Cap: $778.85 million
• Optionable: Optionable
• Beta: 1.48