|Bid||2.4600 x 36100|
|Ask||2.5100 x 21500|
|Day's Range||2.4600 - 2.5700|
|52 Week Range||2.0800 - 3.8200|
|Beta (3Y Monthly)||2.53|
|PE Ratio (TTM)||13.09|
|Earnings Date||May 8, 2019|
|Forward Dividend & Yield||0.10 (2.88%)|
|1y Target Est||3.27|
His departure follows the announcement of an anticipated $15 million operating loss from the company's newest division.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). To keep it practical, we'll show how Office Depot, Inc.'s (NASDAQ:ODP) P/E ratio could help you assess the value...
The Trump administration has placed new sanctions and other tough restrictions on Cuba and Venezuela in a series of measures designed to increase the pressure on Havana and try to force it to end its support for Nicolás Maduro, Venezuela’s de facto president. Speaking in Miami to survivors of a Cuban exile group that once led the failed 1961 Bay of Pigs invasion, John Bolton, the US national security adviser, said that Washington was targeting Cuba’s military and intelligence services through these sanctions, and that it would also restrict travel and cap exile remittances to the island.
The administration plans to announce Wednesday that the U.S. will begin enforcing a provision of a 1996 law known as the Helms-Burton Act that allows Cubans who fled Fidel Castro’s regime to sue companies that have used their former property on the island. Like his predecessors, President Donald Trump had previously waived the provision, Title III, because enforcing it could result in a flood of litigation against foreign companies.
Office Depot's (ODP) cautionary statement on lower-than-expected operating performance at the CompuCom division was enough to push the stock into the bearish territory.
Reimagined Retail Spaces Provide Small Business Owners, Entrepreneurs and Remote Workers with the Tools and Services They Need to Succeed in One Convenient Location
Office Depot Inc NASDAQ/NGS:ODPView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for ODP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ODP. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding ODP are favorable with net inflows of $72.36 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. Although ODP credit default swap spreads are rising, indicating some deterioration in the market's perception of the company's credit worthiness, they are among the lowest levels seen during the last one year.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
One large retail chain in midtown Sacramento is closing its doors, while a recently closed one in the same neighborhood is being stripped for parts.
Deutsche Bank Securities Inc. maintained its "hold" rating of Office Depot Inc. stock following the release of preliminary first quarter results, which forecast a $15 million operating loss from its IT services division CompuCom. The Boca Raton-based office supplies and business services company (Nasdaq: ODP) also weathered a 20 percent increase in paper costs year-over-year in addition to a shortfall in e-commerce sales. Deutsche research analyst Mike Baker stated in a recent note to investors that "while we applaud recent initiatives to transform the business for the future, these results (particularly at CompuCom) suggest that [the company] is still facing structural issues that may challenge the transformation." Deutsche lowered its estimate for Office Depot's first-quarter earnings per share to 6 cents a share from 14 cents, based on a predicted $65 million in operating income on $2.76 billion in sales.
Office Depot (ODP) forecast adjusted operating income of approximately $65 million, including an operating loss of about $15 million for CompuCom division.
Stocks that moved substantially or traded heavily on Thursday: Tesla Inc., down $24.03 to $267.78 The electric car maker's assembly lines slowed and deliveries fell during its first quarter. Resources ...
Stocks close mostly higher Thursday, with the S&P 500 extending its win streak to a sixth session, as investors continued to monitor trade talks between the U.S. and China which are reportedly in the final stretch.
Office Depot Inc. is at "high risk" of becoming a victim of Amazon.com Inc. , according to a CFRA analysis. Shares of Office Depot tanked nearly 20% in Thursday trading after the office supply chain issued a warning for first-quarter sales. The retailer said the CompuCom division, which specializes in items for the "digital workplace," is expected to report a first-quarter operating loss of $15 million, "driven by lower-than-expected revenue from existing customer projects compounded by less than commensurate reductions in associated expenses." CFRA analysts think Amazon has "significantly threatened" Office Depot's position as the e-commerce giant has forged office-supply partnerships with the public sector, including agreements with Atlanta and Denver public schools. "Our strong sell recommendation is reflective of obstacles we see for Office Depot to reinvent its business model, which we think is seen in part by a continued decline in comparable sales (down 2.0% in 2016; down 5.0% in 2017; down 4.0% in 2018)," CFRA wrote. CFRA says Dick's Sporting Goods Inc. and Williams-Sonoma Inc. are also among those at high risk. Office Depot shares have gained 17.6% in 2019, outpacing the S&P 500 index , which is up 14.6% for the period.
tumbled 15.4% to $3.19 Thursday after the office supplies retail chain warned of disappointing first-quarter revenue and operating income due to a lower-than-expected performance at its CompuCom division. The Boca Raton, Florida-based company said it expects revenue to total about $2.76 billion and adjusted operating income of about $65 million, including a $15 million operating loss for CompuCom. The shortfall is being driven primarily by lower-than-expected revenue from existing customer projects, the company said, worsened by a disproportionate reduction in expenses.
Sprint (NYSE:S) stock has taken a fall. After spending most of the past few quarters trading between $6 and $6.50, Sprint stock has tumbled over the past week. Shares now trade around $5.60 each. That's their lowest level since this past August.Source: Shutterstock It's not hard to see why. The tortuously slow merger process between Sprint and T-Mobile (NASDAQ:TMUS) has hit more snags. On Thursday, reports surfaced that New York, California and many other states are considering suing to block the deal, even if the federal government gives it approval.That comes on top of the FCC pausing its merger review earlier this month to pursue more information. Additionally, some congressional representatives have harshly criticized the proposed tie-up recently. As a result, S stock slumped more than 10 percent over the past week as investors priced in the rising odds of the deal breaking.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Biometric Stocks to Watch as AI Rises Rite-Aid All Over Again?The government's anti-trust department has made some odd moves in recent years. For a notable example, think back a couple years ago to the department's decision to block the Staples and Office Depot (NYSE:ODP) merger because it would supposedly create a monopoly.The government seemed unaware that office supply stores themselves are increasingly an anachronism in the age of Amazon (NASDAQ:AMZN). In any case, ODP stock languishes around $3.50, down nearly 50% since its merger was blocked. Similarly, the government stopped a merger of two video rental companies after Netflix (NASDAQ:NFLX) already existed, again, to block a supposed monopoly in a dying industry. Both subsequently went bust.Fast forward, and last year we saw a dreadful outcome for poor Rite-Aid (NYSE:RAD). Walgreensm (NYSE:WBA) had been trying to take over Rite Aid for several years. but it was unable to get regulatory approval. Then Walgreens tried modified proposals to buy a smaller number of stores.Rite Aid management got distracted from running their business, and store performance lagged. By the time Rite Aid finally got any sort of deal done, its business economics had collapsed. RAD stock now trades at just 65 cents, down more than 90% from Walgreen's initial takeover offer.Sprint stock could be heading for a similarly tragic fate. It's been apparent for years that Sprint and T-Mobile should merger to create a viable third option to AT&T and Verizon. Yet, the government seems increasingly set on blocking the deal. With Sprint set to have a poor 2019 as an independent company, shareholders need to start asking what happens if the deal is scuttled. What Happens With 5G?An interesting element of the proposed merger is the 5G question. Sprint, like the other carriers, has invested heavily in 5G. Yet, it doesn't seem like they have the capability to be a true contender. Witness former CEO Marcelo Claure's comments last year:"Our plan anticipates a limited 5G build over time that will lack broad coverage. Given the characteristics of our mix of spectrum and the size of the capital expenditures involved, Sprint will be able to deliver 5G only in limited areas, focusing on population-dense metropolitan areas. Consequently, Sprint as a standalone company cannot fully seize the tremendous opportunity that 5G creates."The Trump administration has made national 5G rollout a priority and is seemingly concerned that China will beat the U.S. to the punch. That augurs in favor of the government looking more positively on a proposed Sprint/T-Mobile tie-up.On the other hand, the clock clearly is ticking for Sprint. If they can't merge with T-Mobile, will customers still view them as a reasonable option if they can't deliver faster speeds outside of major cities? Sprint: Very Rocky Financial OutlookOver the past decade, Sprint has run annual net losses in the $2.5 billion to $4 billion range. Excluding last year's tax reform driven gains, Sprint hasn't been profitable on an annual basis even a single year over the past decade. All told, it has lost more than $25 billion. Long-term debt is now up to $36.3 billion.Sprint stock represents an investment in a very sick standalone company. This is why it is so imperative that Sprint merge with T-Mobile. There are so many costs each company faces separately now, ranging from infrastructure deployment such as 5G on through to advertising, store locations, and management staff. Sprint desperately needs to slash its overhead to become profitable and face its gargantuan debt obligations.In fact, though it may be posturing to try to get the deal approved, Sprint has suggested that it may run out of cash if the deal is blocked. And given its huge losses, it's not unreasonable to think that creditors would pull the plug if there's no realistic exit strategy. Sprint Stock VerdictIt could be tempting to buy S stock after the recent more than 10% decline. If the government backs off and lets the merger through, Sprint stock buyers here should make a nice profit.But before you take the plunge, make sure you think about the potential downside closely. Sprint's business model hasn't proven viable over the past 10 years. And with the huge capital necessary to roll out 5G in coming years, it's unclear if Sprint can make it as a standalone company. Sprint stock will trade much lower if the government breaks up the deal.At the time of this writing, Ian Bezek owned WBA stock and had no position in any of the other aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Low-Priced Tech Stocks With Great Potential * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * The Era of Car Ownership Is Over. And These 4 Charts Prove It Compare Brokers The post Sprint Stock Will Plummet If the T-Mobile Merger Gets Squashed appeared first on InvestorPlace.
Shares of Office Depot Inc. sank 7.2% in premarket trade Thursday, after the office supplies retailer warned of revenue and operating income shortfall in the first quarter, citing lower-than-expected performance at its CompuCom division. The company said it expects revenue of $2.76 billion, which is below the FactSet consensus of $2.82 billion, and adjusted operating income of about $65 million, including an operating loss of $15 million for CompuCom. The loss for the CompuCom was driven by lower-than-projected revenue from existing customer projects and less-than-commensurate reductions in associated expenses. The company said its business solutions division was impacted by higher paper and related costs that it could not completely pass through to customers because of contractual limits. The stock has run up 46% year to date through Wednesday, while the SPDR S&P Retail ETF has gained 10% and the S&P 500 has rallied 15%.
Office Depot, Inc. (“Office Depot,” or the “Company”) (ODP), a leading integrated business-to-business (“B2B”) distribution platform of business services and supplies, products and technology solutions, today announced preliminary estimated results for the first quarter ended March 31, 2019. The Company will report actual financial results for the first quarter 2019 and provide updated full-year 2019 guidance on its upcoming earnings announcement and conference call scheduled for May 8, 2019. For the first quarter of 2019, the Company expects to report revenue of approximately $2.76 billion and adjusted operating income1 of approximately $65 million.