The consensus among analysts is that Office Depot, Inc. (ODP) is an Underweight stock at the moment, with a recommendation rating of 3. 2 analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 4 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.2.
Office Depot, Inc. (NASDAQ:ODP) trade information
Sporting 7.62% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the ODP stock price touched $2.49-9 or saw a rise of 9.42%. Year-to-date, Office Depot, Inc. shares have moved -17.52%, while the 5-day performance has seen it change -7.76%. Over the past 30 days, the shares of Office Depot, Inc. (NASDAQ:ODP) have changed -8.5%. Short interest in the company has seen 39.71 Million shares shorted with days to cover at 5.58.
Office Depot, Inc. (ODP) estimates and forecasts
Figures show that Office Depot, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -14.07% over the past 6 months, with this year growth rate of 9.76%, compared to -21.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -71.4% and -28.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -6.4%.
3 analysts offering their estimates for the company have set an average revenue estimate of $2.22 Billion for the current quarter. 3 have an estimated revenue figure of $2.58 Billion for the next quarter concluding in September 01, 2020. Year-ago sales stood $2.59 Billion for this quarter, and analysts expect sales will grow by -14.2% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +18.4% over the past 5 years. Earnings growth for 2020 is a modest +2% while over the next 5 years, the company’s earnings are expected to increase by 12.3%.
Office Depot, Inc. (NASDAQ:ODP)’s Major holders
Insiders own 1.72% of the company shares, while shares held by institutions stand at 93.72% with a share float percentage of 95.36%. Investors are also buoyed by the number of investors in a company, with Office Depot, Inc. having a total of 302 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 83.18 Million shares worth more than $136.41 Million. As of March 30, 2020, Blackrock Inc. held 15.8% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 60.16 Million shares as of March 30, 2020. The firm’s total holdings are worth over $98.66 Million and represent 11.43% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and DFA U.S. Small Cap Value Series. As of March 30, 2020, the former fund manager holds about 6.27% shares in the company for having 33020574 shares of worth $54.15 Million while later fund manager owns 20.63 Million shares of worth $45.81 Million as of January 30, 2020, which makes it owner of about 3.92% of company’s outstanding stock.