|Bid||2.50 x 800|
|Ask||3.20 x 1000|
|Day's range||2.69 - 2.76|
|52-week range||2.00 - 6.26|
|PE ratio (TTM)||14.04|
|Earnings date||7 Aug 2018 - 13 Aug 2018|
|Forward dividend & yield||0.10 (3.76%)|
|1y target est||2.91|
In the last four quarters, Office Depot (ODP) has beaten analysts’ estimate twice, missed it once, and matched it once. In the fiscal first quarter, Office Depot’s adjusted EPS fell 50% YoY (year-over-year) to $0.08, matching analysts’ estimate. The decline stemmed from higher investments made in transformative initiatives. The company has been deploying resources toward advertising and marketing to boost demand for its retail offerings. The company expects these ongoing investments to dent margins in the near term.
In the last four quarters, Office Depot (ODP) has beaten analysts’ estimates twice and missed them twice. In the first quarter, Office Depot’s sales rose ~6% year-over-year to $2.8 billion, topping analysts’ estimate of $2.7 billion. Its business solutions sales rose 1% to $1.3 billion, driven by sales growth in adjacent categories, acquisitions, and online sales, while its retail sales fell 8.4% to $1.2 billion. Acquired in November 2017, CompuCom saw sales of $257 million in the first quarter.
Year-to-date, Office Depot stock had fallen ~26% as of July 13, to $2.62. In comparison, Best Buy (BBY) and Costco (COST) have risen 10.8% and 16.3%, respectively, and Genuine Parts (GPC) has fallen 1.9%. Office Depot’s retail division continues to face troubles.
Of the seven analysts covering Office Depot (ODP) on July 13, 57% recommended “hold,” 14% recommended “buy,” and 29% recommended “sell.” Office Depot’s switch to becoming a business services provider seems to have paid off. Its acquisition, CompuCom, has been its biggest growth driver amid the technological shift and digital commerce expansion.
Office Depot, Inc. (ODP), a leading omnichannel provider of business services and supplies, products and technology solutions, is helping students and teachers, from kindergarten to college, go “Back to School Proud” this year with the ultimate assortment of products, furniture and tech that let their personality and individuality shine through as they head back to the classroom. This year, shoppers can give back to local schools through two different programs and learn about Start Proud!™, Office Depot’s new philanthropic program created to make a substantial difference for deserving students, parents and teachers. Additionally, customers can take advantage of Office Depot’s omni-channel shopping options via officedepot.com/school from any device and opt to buy online, pick up in-store or have their haul delivered straight to their front door via next-business day delivery.
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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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