ODP - Office Depot, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
2.7700
+0.0800 (+2.97%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close2.6900
Open2.7500
Bid2.7500 x 47300
Ask2.7800 x 40000
Day's Range2.7100 - 2.9800
52 Week Range1.2300 - 2.9800
Volume8,844,181
Avg. Volume7,625,538
Market Cap1.458B
Beta (5Y Monthly)2.32
PE Ratio (TTM)11.08
EPS (TTM)0.2500
Earnings DateAug 05, 2020 - Aug 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb 28, 2020
1y Target Est2.90
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    ODP vs. TSCO: Which Stock Should Value Investors Buy Now?

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  • Office Depot (ODP) Looks Good: Stock Adds 6.5% in Session
    Zacks

    Office Depot (ODP) Looks Good: Stock Adds 6.5% in Session

    Office Depot (ODP) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

  • Why Office Depot Popped as Much as 19% Friday
    Motley Fool

    Why Office Depot Popped as Much as 19% Friday

    Shares of Office Depot (NASDAQ: ODP), a retailer of office products and services, jumped as high as 19% Friday, before giving back some gains, after the company announced plans to lower costs and shift its business model. The strategic move should yield up to $860 million in net savings by the end of 2023. Office Depot will take charges of up to $543 million that include costs associated with store and distribution facility closings and workforce reductions.

  • Office Depot Layoffs: ODP Stock 9% Higher Following News of Store Closures, Job Cuts
    InvestorPlace

    Office Depot Layoffs: ODP Stock 9% Higher Following News of Store Closures, Job Cuts

    Office Depot (NASDAQ:ODP) is seeing its stock soar on Friday following news of layoffs coming to the company.Source: Jonathan Weiss / Shutterstock.com Here's everything investors need to know about the Office Depot layoffs. * The company is planning to layoff a total of 13,100 employees. * This comes as it prepares to close down several retail locations. * The reason behind these closures is a realignment of its business. * Office Depot wants to shift its focus to business-to-business and its IT service. * The company says that the goal is to complete this plan by the end of 2023. * That's also when it expects to complete all of the layoffs in connection to its restructuring. * It also mentions that the expected restructuring charges from this endeavor will be $543 million. * However, it's also expecting these changes to bring about $860 million in net savings by the end of 2023.According to reports on TheLayoff.com, Office Depot is already starting the layoffs. One anonymous poster claims that more than 100 people from the company's corporate office were let go on Thursday. Several other posters also chimed in to confirm that the layoffs are underway.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's what one of the posters said on TheLayoff.com Office Depot forum."I was one of them, know another 4 that got whacked too. No idea how they chose who got canned, it certainly wasn't too high of a salary or poor skills. My VP called out of the blue in the morning and told me it was my last day."ODP stock was up 9% as of Friday afternoon. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Office Depot Layoffs: ODP Stock 9% Higher Following News of Store Closures, Job Cuts appeared first on InvestorPlace.

  • Office Depot Plans to Lay Off Thousands of Workers
    Motley Fool

    Office Depot Plans to Lay Off Thousands of Workers

    The business services and office supplies retailer is going to close stores and cut 13,100 jobs, a report says.

  • Can Office Depot (ODP) Run Higher on Rising Earnings Estimates?
    Zacks

    Can Office Depot (ODP) Run Higher on Rising Earnings Estimates?

    Office Depot (ODP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

  • Is Office Depot (ODP) Stock Undervalued Right Now?
    Zacks

    Is Office Depot (ODP) Stock Undervalued Right Now?

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  • First-Quarter Results Show Office Depot's B2B Plans Are On-Target
    Motley Fool

    First-Quarter Results Show Office Depot's B2B Plans Are On-Target

    The office supply retailer still serves the average consumer in its stores, but it's doing a whole lot of business few people ever see.

  • Moody's

    Office Depot, Inc. -- Moody's withdraws Office Depot's ratings for Business Reasons

    Moody's Investors Service (Moody's) withdrew its ratings for Office Depot, Inc. including the company's Ba3 corporate family rating and Ba3 senior secured term loan ratings. Moody's has decided to withdraw the ratings for its own business reasons.

  • Moody's

    American Foreign Power -- Moody's withdraws Office Depot's ratings for Business Reasons

    Moody's Investors Service (Moody's) withdrew its ratings for Office Depot, Inc. including the company's Ba3 corporate family rating and Ba3 senior secured term loan ratings. Moody's has decided to withdraw the ratings for its own business reasons.

  • ODP vs. TSCO: Which Stock Is the Better Value Option?
    Zacks

    ODP vs. TSCO: Which Stock Is the Better Value Option?

    ODP vs. TSCO: Which Stock Is the Better Value Option?

  • Office Depot (ODP) Q1 Earnings Beat Estimates, Stock Up
    Zacks

    Office Depot (ODP) Q1 Earnings Beat Estimates, Stock Up

    Office Depot's (ODP) total sales decline during the quarter due to the impact of coronavirus outbreak, however, earnings per share improve year over year.

  • Office Depot, Inc. (ODP) Q1 2020 Earnings Call Transcript
    Motley Fool

    Office Depot, Inc. (ODP) Q1 2020 Earnings Call Transcript

    ODP earnings call for the period ending March 28, 2020.

  • Why Office Depot Shares Are Up Today
    Motley Fool

    Why Office Depot Shares Are Up Today

    Shares of Office Depot (NASDAQ: ODP) traded up 20% on Wednesday after the company reported first-quarter results that came in ahead of expectations. Office Depot is also adopting a so-called poison pill, an increasingly popular option for companies worried a hostile suitor could try to take advantage of recent market volatility. Office Depot before markets opened on Wednesday reported first-quarter adjusted earnings of $0.12 per share on revenue of $2.7 billion, ahead of analyst expectations for $0.07 per share on revenue of $2.68 billion.

  • Office Depot Inc (ODP): Were Hedge Funds Right About This Stock?
    Insider Monkey

    Office Depot Inc (ODP): Were Hedge Funds Right About This Stock?

    Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

  • Office Depot (ODP) Q1 Earnings and Revenues Beat Estimates
    Zacks

    Office Depot (ODP) Q1 Earnings and Revenues Beat Estimates

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  • MarketWatch

    Office Depot shares jump premarket after earnings top estimates, company adopts poison pill

    Office Depot Inc. shares soared 8% in premarket trade Wednesday, after the office supplies retailer blew past estimates for the first quarter. Boca Raton, Fla.-based Office Depot said it had net income of $45 million, or 8 cents a share, in the quarter, up from $8 million, or 1 cent a share, in the year-earlier period. Adjusted per-share earnings excluding charges and M&A costs came to 12 cents, ahead of the 7 cents FactSet consensus. Sales fell to $2.725 billion from $2.769 billion, but were also ahead of the FactSet consensus of $2.680 billion. The company said it had liquidity of $1.7 billion at quarter end, its highest net cash position in two years. "Our B2B focus is helping businesses remain operational in the home or at the office, our facilities have largely remained open serving customers with enhanced sanitation and safety protocols, and our eCommerce platform and retail stores are proving to be trusted means for customers to access the critical products and services they need," Chief Executive Gerry Smith said in a statement. Same-store sales rose 2% in the quarter and e-commerce sales saw a strong jump in demand, he said. The company is withdrawing its 2020 guidance given the uncertainty around the pandemic and is suspending temporarily its share buybacks and dividend payments. Separately, it announced that it has adopted a shareholder rights plan, also known as a poison pill, to block any party from taking advantage of a falling share price to build a stake in the company. Shares have fallen 32% in the year to date, while the S&P 500 has fallen 11%.

  • Office Depot, Inc. Adopts Limited Duration Shareholder Rights Plan
    Business Wire

    Office Depot, Inc. Adopts Limited Duration Shareholder Rights Plan

    Office Depot, Inc. adopts limited duration shareholder rights plan.

  • Benzinga

    Office Depot: Q1 Earnings Insights

    Shares of Office Depot (NASDAQ:ODP) rose 13% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were up 71.43% over the past year to $0.12, which beat the estimate of $0.07.Revenue of $2,725,000,000 less by 1.59% from the same period last year, which beat the estimate of $2,670,000,000.Guidance Office Depot hasn't issued any earnings guidance for the time being.Office Depot hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 06, 2020View more earnings on ODPTime: 01:03 PM ETWebcast URL: https://edge.media-server.com/mmc/p/9jhwt6udTechnicals Company's 52-week high was at $2.81Company's 52-week low was at $1.23Price action over last quarter: down 13.04%Company Profile Office Depot Inc offers office products and services globally. The company uses multiple channels, including office supply stores, Internet sites, an outbound telephone account management sales force, direct marketing catalogs, and call centers. It offers a broad selection of branded office products, including its own branded products and services, under the Office Depot and OfficeMax brands. The product labels offered are TUL, Realspace, WorkPro, Office Depot, OfficeMax, Foray, Ativa, Brenton Studio, Highmark, Grand & Toy, and Viking Office Products.See more from Benzinga * Recap: Blucora Q1 Earnings * Genesis Energy: Q1 Earnings Insights * Owens & Minor: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Office Depot Announces First Quarter 2020 Results
    Business Wire

    Office Depot Announces First Quarter 2020 Results

    Office Depot, Inc. announced results for the first quarter ended March 28, 2020.

  • Factors to Know Ahead of Office Depot's (ODP) Q1 Earnings
    Zacks

    Factors to Know Ahead of Office Depot's (ODP) Q1 Earnings

    Office Depot's (ODP) first-quarter results likely to reflect Business Acceleration Program that involves reducing costs and improving operational efficiencies.