Office Depot Company Profile (NASDAQ:ODP)

Office Depot trades on the NASDAQ under the ticker symbol "ODP."

Office Depot announced a quarterly dividend on Wednesday, August 9th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.025 per share on Friday, September 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, August 23rd. View Office Depot's Dividend History.

Office Depot, Inc. (NASDAQ:ODP) released its earnings results on Wednesday, August, 9th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.09 by $0.03. The firm earned $2.36 billion during the quarter, compared to analyst estimates of $2.44 billion. Office Depot had a return on equity of 13.97% and a net margin of 2.49%. Office Depot's revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 EPS. View Office Depot's Earnings History.

Office Depot is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Office Depot.

6 analysts have issued 12 month price targets for Office Depot's shares. Their predictions range from $4.15 to $6.00. On average, they expect Office Depot's stock price to reach $5.08 in the next twelve months. View Analyst Ratings for Office Depot.

Here are some recent quotes from research analysts about Office Depot stock:

• 1. Bank of America Corporation analysts commented, "We believe the relatively new management team has a long way to go to prove itself, but the stock is inexpensive enough for there to be upside as the company continues moving in the right direction," (9/5/2017)
• 2. According to Zacks Investment Research, "Persistent weakness in the office products sector, stiff competition, loss of customers in Business Solutions Division and lower traffic count have been playing spoilsport for Office Depot. The company succumbed to a negative earnings surprise in second-quarter 2017, after three straight quarters of earnings beat, while sales also missed the Zacks Consensus Estimate for the 12th quarter in row. We note both the top and bottom lines declined year over year. Following the dismal show, the stock took a bearish path and has now underperformed the industry in the past one month. Nevertheless, Office Depot is concentrating on business operating model, growth prospects, cost structure, and omni-channel capabilities. Management anticipates total sales to be lower in 2017 versus 2016 due to store closures, tough market conditions and losses of contract customers in the prior year. However, the rate of decline is expected to decelerate sequentially." (8/14/2017)

Office Depot saw a drop in short interest in September. As of September 29th, there was short interest totalling 11,956,882 shares, a drop of 21.0% from the September 15th total of 15,126,435 shares. Based on an average daily trading volume, of 3,790,204 shares, the short-interest ratio is presently 3.2 days. Approximately 2.4% of the shares of the company are short sold.

Some companies that are related to Office Depot include Cracker Barrel Old Country Store (CBRL), Stamps.com (STMP), The Michaels Companies (MIK), Beacon Roofing Supply (BECN), Tempur Sealy International (TPX), Tech Data Corporation (TECD), Five Below (FIVE), Bed Bath & Beyond (BBBY), Aaron's, (AAN), Jack In The Box (JACK), Performance Food Group Company (PFGC), Lithia Motors (LAD), Groupon (GRPN), PriceSmart (PSMT), Urban Outfitters (URBN), Sprouts Farmers Market (SFM), Papa John's International (PZZA) and American Eagle Outfitters (AEO).

Office Depot's management team includes the folowing people:

• Gerry P. Smith, Chief Executive Officer, Director
• Stephen E. Hare, Chief Financial Officer, Executive Vice President
• Stephen R. Calkins, President - Business Solutions Division
• Michael Allison, Executive Vice President, Chief Administrative Officer
• Jerri L. DeVard, Executive Vice President, Chief Marketing Officer
• N. David Bleisch, Executive Vice President, Chief Legal Officer and Corporate Secretary
• Timothy J. Beauchamp, Executive Vice President - Supply Chain
• JOHN W. GANNFORS, Executive Vice President -Transformation and Strategic Sourcing
• Michael Rabinovitch, Senior Vice President - Finance, Chief Accounting Officer
• Janet Schijns, Senior Vice President - Services – Copy, Print and Tech

Office Depot's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Mutual of America Capital Management LLC (0.08%), Adams Asset Advisors LLC (0.04%), State Treasurer State of Michigan (0.04%) and Alpha Windward LLC (0.02%). Company insiders that own Office Depot stock include Joseph Vassalluzzo, Juliet Johansson, Michael R Allison, Nigel Travis and Stephen R Calkins. View Institutional Ownership Trends for Office Depot.

Office Depot's stock was sold by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC and State Treasurer State of Michigan. Company insiders that have sold Office Depot stock in the last year include Juliet Johansson, Michael R Allison and Stephen R Calkins. View Insider Buying and Selling for Office Depot.

Office Depot's stock was acquired by a variety of institutional investors in the last quarter, including Alpha Windward LLC and Adams Asset Advisors LLC. Company insiders that have bought Office Depot stock in the last two years include Joseph Vassalluzzo and Nigel Travis. View Insider Buying and Selling for Office Depot.

Shares of Office Depot can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Office Depot stock can currently be purchased for approximately $3.78.