Equities analysts expect Office Depot, Inc. (NASDAQ:ODP) to report $0.08 earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for Office Depot’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.07. Office Depot posted earnings of $0.11 per share during the same quarter last year, which suggests a negative year over year growth rate of 27.3%. The company is scheduled to report its next earnings report on Wednesday, March 7th.

On average, analysts expect that Office Depot will report full year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.43 to $0.44. For the next fiscal year, analysts anticipate that the company will post earnings of $0.47 per share, with EPS estimates ranging from $0.37 to $0.59. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Office Depot.

Office Depot (NASDAQ:ODP) last posted its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.14 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.14. Office Depot had a net margin of 3.00% and a return on equity of 12.86%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the company earned $0.16 earnings per share. The business’s revenue was down 7.6% compared to the same quarter last year.

ODP has been the topic of a number of recent research reports. BidaskClub downgraded shares of Office Depot from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Deutsche Bank AG reiterated a “hold” rating and set a $5.00 price target (down previously from $5.75) on shares of Office Depot in a research note on Thursday, August 10th. Bank of America Corporation reiterated a “buy” rating on shares of Office Depot in a research note on Sunday, August 13th. Zacks Investment Research downgraded shares of Office Depot from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, ValuEngine downgraded shares of Office Depot from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $5.08.

In other news, insider Michael R. Allison sold 360,000 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $3.83, for a total value of $1,378,800.00. The sale was disclosed in a filing with the SEC, which is available at this link. 2.43% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in ODP. Pacad Investment Ltd. raised its holdings in shares of Office Depot by 1,292.3% in the second quarter. Pacad Investment Ltd. now owns 18,100 shares of the specialty retailer’s stock valued at $102,000 after buying an additional 16,800 shares during the last quarter. Eagle Global Advisors LLC bought a new position in shares of Office Depot in the second quarter valued at about $103,000. PNC Financial Services Group Inc. raised its holdings in shares of Office Depot by 13.4% in the second quarter. PNC Financial Services Group Inc. now owns 18,514 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 2,187 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Office Depot in the second quarter valued at about $105,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Office Depot in the second quarter valued at about $109,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Shares of Office Depot (ODP) opened at $3.26 on Tuesday. Office Depot has a 52 week low of $2.97 and a 52 week high of $6.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 1.52. The firm has a market cap of $1,700.00, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 1.03 and a beta of 2.82.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.10 annualized dividend and a dividend yield of 3.07%. Office Depot’s dividend payout ratio is presently 21.28%.

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Office Depot Company Profile

Office Depot, Inc provides a selection of products and services to consumers and businesses of various sizes. The Company’s segments include North American Retail Division and North American Business Solutions Division. The North American Retail Division includes retail stores in the United States, including Puerto Rico and the United States Virgin Islands, which offer office supplies, technology products and solutions, business machines and related supplies, facilities products and office furniture.

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