(NASDAQ:ODP) to report $0.09 earnings per share for the current quarter, Zacks reports. Weekly performance analysis shows the equity at -3.92%.Covering Sell-Side analysts have offered recommendations and price target estimates on Office Depot, Inc. Finally, K2 Principal Fund L.P. increased its position in Office Depot by 1,331.0% in the third quarter. On average, analysts forecast that Office Depot, Inc. will post $0.52 earnings per share for the current year.
NASDAQ:ODP) shares were trading lower by -0.19 percent ($-0.01) at $5.39 a piece in Wednesday's session.
According to Yahoo Finance, The Dividend Date for Office Depot Cmn is Jun 15, 2017 and its Ex-Dividend Date is May 23, 2017.
Office Depot (NASDAQ:ODP) last released its earnings results on Tuesday, May 9th. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. The firm's revenue for the quarter was down 7.0% compared to the same quarter a year ago. During the same period past year, the company posted $0.10 EPS.
Fmr Llc decreased Office Depot Inc (ODP) stake by 66.83% reported in 2016Q4 SEC filing. Zacks Investment Research raised Office Depot from a "hold" rating to a "buy" rating and set a $6.00 price objective for the company in a research note on Wednesday, May 10th. Loop Capital initiated the stock with "Hold" rating in Tuesday, December 13 report. Credit Suisse maintained Office Depot Inc (NASDAQ:ODP) on Monday, March 7 with "Outperform" rating. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock.
The Target Price for Office Depot Cmn (NASDAQ:ODP) is $5.23/share according to the consensus analysis of analysts working on the stock.
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The stock of Office Depot Inc (NASDAQ:ODP) is a huge mover today!
WARNING: This article was first published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another website, it was illegally copied and republished in violation of USA and global copyright law. The insider Calkins Stephen R sold 28,000 shares worth $142,806. (OKE) reveals an average price target of $57.25 per share. The company has market cap of $2.92 billion. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The other 4 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. While the company's share hit the 52 week high on 06/13/17 stationing the value of $5.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 162,087 shares of company stock valued at $776,834. Insiders own 2.43% of the company's stock. 74,000 Office Depot Inc (NASDAQ:ODP) shares with value of $385,059 were sold by RICE TROY. Recently shares have been suggested as BUY from 1 and 1 issued SELL signal for the company's stock. Delaware-based Riverhead Capital Management Limited Liability Com has invested 0.01% in Office Depot Inc (NASDAQ:ODP). 6,097,560 shares of the stock were exchanged. Russell Investments Group Ltd. purchased a new stake in Office Depot during the fourth quarter worth $1,762,000. Envestnet Asset Management Inc. now owns 25,558 shares of the specialty retailer's stock valued at $119,000 after buying an additional 1,927 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Office Depot by 0.9% in the third quarter. The Stock now has a Weekly Volatility of 2.54% and Monthly Volatility of 3.22%. California State Teachers Retirement System now owns 1,171,419 shares of the specialty retailer's stock worth $4,182,000 after buying an additional 10,800 shares in the last quarter.
Office Depot (NASDAQ:ODP) last issued its quarterly earnings data on Tuesday, May 9th. The company had a trading volume of 1,899,406 shares.
The move comes after 8 months positive chart setup for the $2.92 billion company.
Shares of Office Depot, Inc. are presently 88.04% off the 52 week low. The company has a 50 day moving average price of $5.21 and a 200 day moving average price of $4.79. The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th.
The total number of shares percentage held by insiders is about 0.89% while the number of Shares % held by institutions is 89.6%.
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