NASDAQ:ODP - Office Depot Stock Price, News, & Analysis

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

Office Depot declared a quarterly dividend on Wednesday, November 7th. Stockholders of record on Friday, November 23rd will be paid a dividend of $0.025 per share on Friday, December 14th. This represents a $0.10 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Wednesday, November 21st. View Office Depot's Dividend History.

Office Depot Inc (NASDAQ:ODP) issued its earnings results on Wednesday, November, 7th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.12 by $0.01. The specialty retailer had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. Office Depot had a return on equity of 8.90% and a net margin of 0.59%. Office Depot's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. View Office Depot's Earnings History.

Office Depot is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Office Depot.

Office Depot updated its FY 2019 earnings guidance on Wednesday, November, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $11.1-11.1 billion, compared to the consensus revenue estimate of $10.79 billion.Office Depot also updated its FY 2018 guidance to EPS.

4 Wall Street analysts have issued 12-month target prices for Office Depot's shares. Their forecasts range from $4.00 to $5.00. On average, they anticipate Office Depot's share price to reach $4.50 in the next year. This suggests a possible upside of 45.2% from the stock's current price. View Analyst Price Targets for Office Depot.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Office Depot in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Office Depot.

Media headlines about ODP stock have trended neutral this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Office Depot earned a news impact score of 0.5 on InfoTrie's scale. They also assigned news headlines about the specialty retailer a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the next several days.

Office Depot saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 23,093,498 shares, a decrease of 9.4% from the October 15th total of 25,502,565 shares. Based on an average daily volume of 4,397,963 shares, the days-to-cover ratio is currently 5.3 days. Currently, 4.3% of the company's shares are sold short. View Office Depot's Current Options Chain.

Some companies that are related to Office Depot include Dicks Sporting Goods (DKS), Barnes & Noble (BKS), Hibbett Sports (HIBB), Barnes & Noble Education (BNED), Sportsman's Warehouse (SPWH) and Big 5 Sporting Goods (BGFV).

Office Depot's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.28%), Dimensional Fund Advisors LP (8.50%), Fairpointe Capital LLC (5.15%), LSV Asset Management (2.89%), Towle & Co. (2.23%) and Bank of New York Mellon Corp (1.98%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, Juliet Johansson, Michael R Allison, Michael Rabinovitch, Nigel Travis and Stephen R Calkins. View Institutional Ownership Trends for Office Depot.

ODP stock was sold by a variety of institutional investors in the last quarter, including Fairpointe Capital LLC, AQR Capital Management LLC, Hsbc Holdings PLC, Prudential Financial Inc., ClariVest Asset Management LLC, Creative Planning, GSA Capital Partners LLP and Virtu Financial LLC. View Insider Buying and Selling for Office Depot.

ODP stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Laurion Capital Management LP, Mackenzie Financial Corp, LSV Asset Management, Clark Estates Inc. NY, JPMorgan Chase & Co. and JPMorgan Chase & Co.. Company insiders that have bought Office Depot stock in the last two years include Joseph T Lower, Joseph Vassalluzzo and Nigel Travis. View Insider Buying and Selling for Office Depot.

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

One share of ODP stock can currently be purchased for approximately $3.10.

Office Depot has a market capitalization of $1.76 billion and generates $10.24 billion in revenue each year. The specialty retailer earns $181 million in net income (profit) each year or $0.45 on an earnings per share basis. Office Depot employs 45,000 workers across the globe.

The official website for Office Depot is http://www.officedepot.com.

Office Depot's mailing address is 6600 NORTH MILITARY TRAIL, BOCA RATON FL, 33496. The specialty retailer can be reached via phone at 561-438-4800 or via email at [email protected]