Office Depot (ODP) Set to Announce Earnings on Wednesday

Office Depot (NASDAQ:ODP) will be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Office Depot has set its FY 2019 guidance at EPS.

Office Depot (NASDAQ:ODP) last posted its earnings results on Wednesday, February 27th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Office Depot had a return on equity of 9.22% and a net margin of 0.94%. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the firm earned $0.08 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. On average, analysts expect Office Depot to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:ODP opened at $2.36 on Tuesday. Office Depot has a 1 year low of $2.08 and a 1 year high of $3.82. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 0.57 and a beta of 2.50.

Several research analysts have recently weighed in on the company. BidaskClub cut Office Depot from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Zacks Investment Research cut Office Depot from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. ValuEngine cut Office Depot from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Finally, Bank of America reaffirmed a “buy” rating and set a $4.50 price objective on shares of Office Depot in a research report on Thursday, February 28th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Office Depot has an average rating of “Hold” and an average target price of $3.92.

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About Office Depot

Office Depot, Inc provides business services and supplies, products, and technology solutions. The company operates in three divisions: Business Solutions, Retail, and CompuCom. The Business Solutions division offers office supply products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, U.S.

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Earnings History for Office Depot (NASDAQ:ODP)

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