Dividend Growth Analysis of Office Depot, Inc. (ODP)

The company sells to consumers and businesses of all sizes through its three business segments: Stores, Business Services and global. 4,114,116 shares of the company traded hands.

Groupon, Inc. (NASDAQ:GRPN) gained 0.71% with the closing price of $4.26. There was a stock increase by 2.77 percent.

Earnings Surprise: According to the earnings report released for Quarter Ending_Sep-16, The Company posted actual earnings of $0.16 per share whereas the Analysts projected earnings were $0.15 per share. The company also said store closures and prior-year contract customer losses would dent the top line. Vanguard Group Inc. now owns 38,877,544 shares of the company's stock valued at $128,684,000 after buying an additional 2,543,364 shares during the last quarter. Zacks Investment Research gave Office Depot, Inc.

Office Depot (NASDAQ:ODP) opened at 4.17 on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company.

Office Depot's profit soared in the most recent quarter as the office supply retailer cut costs and benefited from an extra week in the period. The current share price indicate that stock is -46.62% away from its one year high and is moving 39.29% ahead of its 52-week low.

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"9" Analysts are saying that the company to report next quarterly earnings of $0.07 per share for period Quarter Ending_Jun-17. Average true range (ATR-14) of the company is at 0.17. The last quarter cash dividend per share pay out was $0.03. Current quarter revenue movements show that, the company has set average revenue estimates of $2.71B covering forecast of 10 analysts. Paulson & CO. Inc. bought a new stake in Office Depot during the fourth quarter valued at about $68,983,000. The median estimate represents a -5.28% decrease from the last price of 4.83. The stock touched its high share price of $7.91 on April 7, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Nov 1, 2016 as $3.01.

The High Revenue estimate is predicted as 2.9 Billion, while the Low Revenue Estimate prediction stands at 2.58 Billion. The company has a market capitalization of $2.35 billion, a P/E ratio of 7.89 and a beta of 3.26. The insider owns 3,460,495 shares which have current market value of around $16714190.85.Ravichandra K. Saligram is another major inside shareholder in the company. The company rocked its 52-Week High of $7.91 on April 7, 2016 and touched its 52-Week Low of $3.01 on Nov 1, 2016.

The company expects total 2017 sales to be lower than 2016 as it continues to grapple with soft demand. This is a proprietary weighted technical model built by Capital Market Labs (CML).

The stock was able to keep return on assets at 4.67% in the trailing twelve month while Reuters data showed that industry's average stands at 6.37% and sector's optimum level is 4.31%. The stock grabbed 54 new institutional investments totaling 25,164,108 shares while 43 institutional investors sold out their entire positions totaling 25,862,916 shares. The Next Year EPS growth is 12.2%, Long term annual growth estimate of 11.8%, Annual EPS growth past 5 years of 22.56 percent.

  • Desiree Holland