Office Depot Company Profile (NASDAQ:ODP)

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

Office Depot declared a quarterly dividend on Wednesday, August 9th. Shareholders 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 2.30%. 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 analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $2.36 billion for 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%. The company's quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. 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 brokerages have issued 1-year price targets for Office Depot's stock. Their predictions range from $5.00 to $6.00. On average, they expect Office Depot's share price to reach $5.25 in the next year. 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)

Some companies that are related to Office Depot include Foot Locker (FL), Cabela's (CAB), Williams-Sonoma (WSM), Caseys General Stores (CASY), Signet Jewelers Limited (SIG), Bed Bath & Beyond (BBBY), The Michaels Companies (MIK), Penske Automotive Group (PAG), Wendy's Company (The) (WEN), Metro AG (MTTRY), Cracker Barrel Old Country Store (CBRL), Stamps.com (STMP), Texas Roadhouse (TXRH), Tech Data Corporation (TECD), Tempur Sealy International (TPX), Dick's Sporting Goods (DKS), Performance Food Group Company (PFGC) and Beacon Roofing Supply (BECN).

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
• Troy A. Rice, President - Retail Division
• Michael Allison, Executive Vice President, Chief Administrative Officer
• Stephen R. Calkins, Executive Vice President, Chief Legal Officer, Corporate Secretary, President - Business Solutions Division
• 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
• Joseph S. Vassalluzzo, Non-executive Independent Chairman of the Board

Office Depot's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.34%), Vanguard Group Inc. (8.58%), Dimensional Fund Advisors LP (6.59%), Fairpointe Capital LLC (6.15%), Bank of New York Mellon Corp (5.84%) and Hotchkis & Wiley Capital Management LLC (5.02%). 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 Hotchkis & Wiley Capital Management LLC, Boston Partners, Numeric Investors LLC, Gotham Asset Management LLC, Bank of New York Mellon Corp, Paulson & CO. Inc., Fairpointe Capital LLC and BlackRock Inc.. 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 bought by a variety of institutional investors in the last quarter, including AJO LP, Dimensional Fund Advisors LP, LSV Asset Management, Prudential Financial Inc., KAMES CAPITAL plc, Teachers Advisors LLC, SG Americas Securities LLC and Bank of Montreal Can. 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 $4.35.