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

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

Office Depot announced a quarterly dividend on Wednesday, November 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, November 21st. View Office Depot's Dividend History.

Office Depot announced that its board has approved a share repurchase plan on Tuesday, November 20th 2018, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

Office Depot Inc (NASDAQ:ODP) posted its quarterly earnings data on Wednesday, November, 7th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.12 by $0.01. The specialty retailer earned $2.89 billion during the quarter, compared to analysts' expectations of $2.83 billion. Office Depot had a return on equity of 8.90% and a net margin of 0.59%. The firm's revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous 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 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 analysts have issued 1 year price targets for Office Depot's shares. Their forecasts range from $4.00 to $5.00. On average, they expect Office Depot's share price to reach $4.50 in the next year. This suggests a possible upside of 49.0% 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 trended somewhat positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Office Depot earned a coverage optimism score of 1.2 on InfoTrie's scale. They also assigned news headlines about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.

Office Depot saw a decrease in short interest in 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 daily volume of 8,682,868 shares, the days-to-cover ratio is presently 1.5 days. Approximately 2.4% of the shares of the company 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 many different of retail and institutional investors. Top institutional shareholders include Louisiana State Employees Retirement System (0.04%), Virtu Financial LLC (0.02%) and Meeder Asset Management Inc. (0.00%). 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 Meeder Asset Management Inc. and Louisiana State Employees Retirement System. View Insider Buying and Selling for Office Depot.

ODP stock was acquired 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 $3.02.

Office Depot has a market capitalization of $1.63 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]