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. Investors of record on Friday, November 23rd will be given a dividend of $0.025 per share on Friday, December 14th. This represents a $0.10 annualized dividend and a yield of 3.33%. The ex-dividend date is Wednesday, November 21st. View Office Depot's Dividend History.

Office Depot declared that its board has approved a share buyback plan on Tuesday, November 20th 2018, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its shares are undervalued.

Office Depot Inc (NASDAQ:ODP) issued its quarterly earnings data 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 net margin of 0.59% and a return on equity of 8.90%. The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. 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 issued an update on its FY 2019 earnings guidance on Wednesday, November, 7th. The company provided earnings per share (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 equities research analysts have issued twelve-month target prices for Office Depot's shares. Their forecasts range from $4.00 to $5.00. On average, they expect Office Depot's stock price to reach $4.50 in the next year. This suggests a possible upside of 50.0% 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.

Headlines about ODP stock have been trending positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Office Depot earned a media sentiment score of 2.3 on InfoTrie's scale. They also gave media stories about the specialty retailer a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the near future.

Office Depot saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 12,900,190 shares, a decrease of 12.8% from the December 14th total of 14,785,709 shares. Based on an average trading volume of 8,682,868 shares, the short-interest ratio is presently 1.5 days. Approximately 2.4% of the shares of the stock are short sold. 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 many different of retail and institutional investors. Top institutional shareholders include Louisiana State Employees Retirement System (0.04%) and Virtu Financial LLC (0.02%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, 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 Louisiana State Employees Retirement System. View Insider Buying and Selling for Office Depot.

ODP stock was purchased by a variety of institutional investors in the last quarter, including Virtu Financial LLC. 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 $3.00.

Office Depot has a market capitalization of $1.61 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]