Equities analysts predict that Office Depot, Inc. (NASDAQ:ODP) will announce $0.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Office Depot’s earnings, with estimates ranging from $0.13 to $0.14. Office Depot posted earnings of $0.16 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 12.5%. The company is scheduled to announce its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Office Depot will report full-year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $0.45. For the next year, analysts expect that the business will post earnings of $0.47 per share, with EPS estimates ranging from $0.40 to $0.59. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Office Depot.

Office Depot (NASDAQ:ODP) last issued its quarterly earnings results on Wednesday, August 9th. The specialty retailer reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). Office Depot had a net margin of 2.49% and a return on equity of 13.97%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the business earned $0.06 EPS. The business’s quarterly revenue was down 8.5% on a year-over-year basis.

ODP has been the subject of several recent research reports. Zacks Investment Research lowered shares of Office Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Loop Capital reissued a “hold” rating and issued a $5.00 price objective on shares of Office Depot in a research report on Wednesday, July 12th. BidaskClub lowered shares of Office Depot from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “hold” rating and issued a $5.00 price objective (down previously from $5.75) on shares of Office Depot in a research report on Thursday, August 10th. Finally, Bank of America Corporation reissued a “buy” rating on shares of Office Depot in a research report on Sunday, August 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Office Depot has a consensus rating of “Hold” and an average price target of $5.08.

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Shares of Office Depot (NASDAQ:ODP) traded up 1.36% during trading on Thursday, reaching $3.74. 5,718,855 shares of the company’s stock traded hands. The stock has a 50-day moving average of $4.26 and a 200-day moving average of $4.96. Office Depot has a 1-year low of $3.01 and a 1-year high of $6.26. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 4.84 and a beta of 2.89.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Wednesday, August 23rd. Office Depot’s payout ratio is 20.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ODP. BlackRock Inc. grew its holdings in Office Depot by 15,485.9% during the 1st quarter. BlackRock Inc. now owns 54,498,187 shares of the specialty retailer’s stock valued at $254,234,000 after purchasing an additional 54,148,524 shares in the last quarter. AJO LP grew its holdings in Office Depot by 5,759.7% during the 2nd quarter. AJO LP now owns 11,554,182 shares of the specialty retailer’s stock valued at $65,166,000 after purchasing an additional 11,357,003 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Office Depot by 28.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 28,351,548 shares of the specialty retailer’s stock valued at $132,259,000 after purchasing an additional 6,324,791 shares in the last quarter. LSV Asset Management grew its holdings in Office Depot by 125.9% during the 2nd quarter. LSV Asset Management now owns 7,849,227 shares of the specialty retailer’s stock valued at $44,269,000 after purchasing an additional 4,374,431 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in Office Depot by 72.2% during the 2nd quarter. Prudential Financial Inc. now owns 9,999,340 shares of the specialty retailer’s stock valued at $56,396,000 after purchasing an additional 4,192,720 shares in the last quarter. 94.06% of the stock is owned by institutional investors and hedge funds.

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.

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