2.63 0.00 (0.00%)
After hours: 4:35PM EDT
|Bid||2.60 x 34100|
|Ask||2.78 x 3000|
|Day's range||2.60 - 2.67|
|52-week range||2.00 - 6.26|
|PE ratio (TTM)||13.63|
|Earnings date||7 Aug 2018 - 13 Aug 2018|
|Forward dividend & yield||0.10 (3.76%)|
|1y target est||2.91|
Office Depot (ODP) focus on business operating model, growth prospects and omni-channel capabilities have aided the stock to gain and outpace the industry.
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Let's see if Office Depot, Inc. (ODP) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
CompuCom®, a subsidiary of Office Depot, Inc. and leading provider of managed digital workplace services, today announced it has achieved International Organization for Standardization 20000 recertification, the international standard for IT Service Management .
Why Is Office Depot Stock on an Uptrend? For the second quarter, Wall Street analysts expect Office Depot (ODP) to report an adjusted EPS of $0.03—compared to $0.06 reported in the second quarter of fiscal 2017. The cost of goods sold is expected to increase 11.2%.
Wall Street analysts expect Office Depot’s (ODP) sales to grow 9.1% to $2.6 billion in the second quarter. The expectation reflects an impressive improvement from a sales decline of 9% in the second quarter of fiscal 2017. Apart from the services business picking up momentum, the company’s subscription-based model is also gaining traction. Office Depot has over 245,000 subscriptions.
Why Is Office Depot Stock on an Uptrend? Analysts covering Office Depot (ODP) stock continue to be on the sidelines despite the company’s strategic endeavors, which include the transition to becoming a B2B (business-to-business) services provider. There hasn’t been price revision activity in the last 30 days.
– CompuCom Systems, Inc. , a division of Office Depot, Inc. , is a leading provider of managed digital workplace services that today launched its next-generation retail loss prevention solution, CompuCom Point-of-Purchase Digital Vending.
Office Depot, Inc. , a leading omni-channel provider of business services and supplies, products and technology solutions, today announced that it will be presenting at Baird’s 2018 Global Consumer, Technology & Services Conference in New York City.
President Trump is using tariffs to bolster trade leverage — and it's working, says former Office Depot CEO.
Office Depot, Inc. , a leading omnichannel provider of business services and supplies, products and technology solutions, today announced the release of the company’s tenth edition of its Diverse Supplier Catalog.
Office Depot expects revenue from services to reach 20% of total sales by 2020. The company also introduced “workonomy,” the company’s plan for offering integrated business services to enterprise customers as well as SMB (small and medium-size business) customers. More importantly, Office Depot added that “workonomy” will help SMBs to create support based on their business requirements. Office Depot stock surged 5.1% on May 16.
Office Depot, Inc. (ODP), a leading omni-channel provider of business services, products and technology solutions, today is hosting an Investor and Analyst Day: Depot. Office Depot Chief Executive Officer, Gerry Smith, joined by his Executive Leadership team, will outline the compelling market opportunity for business services and Office Depot’s pivot to becoming an omni-channel business services platform, providing end-to-end solutions for businesses of all sizes.
The hedge fund reported holding 2.1 million shares of Office Depot and 212,500 shares of Abercrombie as of the end of the first quarter
Are Office Depot’s Troubles Waning? Since the 1Q18 results, several analysts have revised their price targets for Office Depot. Currently, the analysts’ 12-month average target price is $2.71, which reflects a 17.8% upside to the price of the stock on May 10.
Office Depot’s (ODP) gross margin contracted ~160 bps (basis points) to 23.6% since the cost of goods sold increased more than 8%. The company’s operating margin narrowed by 190 bps to 2.7%, primarily due to an ~8% increase in SG&A (selling, general, and administrative) expenses. Its adjusted operating margin contracted 220 bps to 3.3%, marred by the company’s transformative initiatives and lower sales for the Retail division.
Are Office Depot’s Troubles Waning? Office Depot (ODP) stock rose 6.5% on May 10 after the company reported its 1Q18 results on May 9. It looks like Office Depot’s transition to becoming a business service provider was a smart move.
Investing.com - Wall Street opened slightly higher on Wednesday as investors priced in company news and signs of inflation easing, while oil jumped in reaction to President Donald Trump’s decision to withdraw from the Iranian nuclear deal and impose sanctions on the country.
Favorable results and strategic initiatives, including strengthening of core businesses and expansion of service and subscription offerings, prompted Office Depot (ODP) to provide an encouraging outlook.