Office Depot, Inc. (ODP) Scheduled to Post Earnings on Tuesday

Office Depot, Inc. (NASDAQ:ODP) will post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect Office Depot to post earnings of $0.17 per share for the quarter.

Office Depot (NASDAQ:ODP) last released its quarterly earnings data on Wednesday, August 9th. The specialty retailer reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Office Depot had a net margin of 2.49% and a return on equity of 13.97%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts expect Office Depot to post $0.44 EPS for the current fiscal year and $0.47 EPS for the next fiscal year.

Shares of Office Depot, Inc. (NASDAQ ODP) opened at 3.72 on Friday. Office Depot, Inc. has a 1-year low of $3.01 and a 1-year high of $6.26. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 4.82 and a beta of 2.89. The company’s 50 day moving average price is $4.11 and its 200-day moving average price is $4.88.

In other Office Depot news, insider Michael R. Allison sold 360,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $3.83, for a total transaction of $1,378,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.43% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: “Office Depot, Inc. (ODP) Scheduled to Post Earnings on Tuesday” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at

Several equities analysts recently weighed in on the company. BidaskClub upgraded Office Depot from a “sell” rating to a “hold” rating in a research report on Saturday, October 7th. Jefferies Group LLC reiterated a “hold” rating and set a $4.15 target price (down from $5.00) on shares of Office Depot in a research report on Friday, October 6th. Bank of America Corporation reiterated a “buy” rating and set a $6.00 target price on shares of Office Depot in a research report on Tuesday, September 5th. ValuEngine downgraded Office Depot from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded Office Depot from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.08.

About Office Depot

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.

Earnings History for Office Depot (NASDAQ:ODP)

Receive News & Ratings for Office Depot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Office Depot Inc. and related companies with's FREE daily email newsletter.

Leave a Reply