Office Depot Inc (ODP) to Issue Quarterly Dividend of $0.03 on June 15th

Office Depot Inc (NASDAQ:ODP) announced a quarterly dividend on Wednesday, May 9th, RTT News reports. Investors of record on Friday, May 25th will be given a dividend of 0.025 per share by the specialty retailer on Friday, June 15th. This represents a $0.10 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Thursday, May 24th.

Office Depot opened at $2.32 on Wednesday, according to MarketBeat Ratings. The company has a current ratio of 1.39, a quick ratio of 0.90 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.34 billion, a P/E ratio of 5.16, a PEG ratio of 0.44 and a beta of 2.67. Office Depot has a 1 year low of $2.00 and a 1 year high of $6.26.

Office Depot (NASDAQ:ODP) last issued its quarterly earnings data on Wednesday, May 9th. The specialty retailer reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.74 billion. Office Depot had a net margin of 1.01% and a return on equity of 9.60%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. equities analysts expect that Office Depot will post 0.32 EPS for the current year.

Several research firms have recently issued reports on ODP. BidaskClub downgraded shares of Office Depot from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Zacks Investment Research downgraded shares of Office Depot from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. Jefferies Group reaffirmed a “hold” rating on shares of Office Depot in a research note on Thursday, March 1st. ValuEngine downgraded shares of Office Depot from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, Bank of America reaffirmed a “buy” rating and set a $3.00 price target on shares of Office Depot in a research note on Thursday, May 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.93.

Office Depot Company Profile

Office Depot, Inc, together with its subsidiaries, provides various products and services. It operates in three divisions: Retail, Business Solutions, and CompuCom. The Retail division operates retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and office furniture in the United States, Puerto Rico, and the U.S.

Dividend History for Office Depot (NASDAQ:ODP)

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




Leave a Reply