|Bid||2.26 x 1000|
|Ask||2.33 x 2000|
|Day's Range||2.17 - 2.28|
|52 Week Range||2.00 - 6.26|
|PE Ratio (TTM)||6.72|
|Forward Dividend & Yield||0.10 (4.93%)|
|1y Target Est||N/A|
Analysts covering Office Depot (ODP) stock continue to be on the sidelines. Office Depot has been struggling since the shift to digital has wreaked havoc on the demand of paper-based office supplies. Currently, analysts’ 12-month average target price for Office Depot stock is $3.10, which reflects a 50.5% upside to the stock as of April 10, 2018.
In fiscal 2018, Office Depot expects its adjusted EPS (earnings per share) to fall to $0.30, down 33.3% YoY (year-over-year). Its effective tax rate is likely to be 31%. Analysts expect the company to report adjusted EPS of $0.31, down 31.1% from fiscal 2017.
Office Depot’s (ODP) margin performance is likely to remain under pressure as the company diverts resources toward transforming itself into a services-driven company. Office Depot has cautioned that lower sales and ongoing investments are likely to prove a drag on its adjusted operating income for fiscal 2018. Office Depot expects pro forma sales to fall 5% to $10.6 billion in fiscal 2018.
Office Depot (ODP) is facing two major problems. The company’s store closings are also leading to deflated sales numbers along with lower volumes. For fiscal 2018, Office Depot management has projected a 5% decline in sales to $10.6 billion on a pro forma basis, primarily due to continued struggles in the retail division.
Office Depot (ODP), one of the last surviving office supply retailers, has been seeing a downtrend in its stock for some time. The stock has fallen 41.8% on a YTD (year-to-date) basis as of April 10, 2018. In comparison, its peers Best Buy (BBY) and Target (TGT) have risen 4.7% and 11.6%, respectively, in the same period. Costco (COST) has fallen 1.4% YTD.
CompuCom is an IT managed services company that plans, installs and manages it customers’ digital systems. So Stone figures the company’s headquarters should be a showplace for its services.
Office Depot (ODP) has undertaken a strategic review of business operating model, growth prospects and cost structure to bring itself back on growth trajectory.
CompuCom, which announced in late 2016 that it will bring its headquarters and 1,500 jobs to Indian Land, has quietly moved almost 300 employees into its “digital building” in Bailes Ridge Business Park.
After Fox talk show host Laura Ingraham taunted David Hogg about his college rejection, he started a powerful movement to convince brands to stop advertising on her show. She announced Friday night that she will be taking a week off.
• Recent price: $2.14 • Target price: $3.70 • Timeframe: 1-2 years Investment Thesis: The market is not crediting Office Depot for any of the transformation efforts the company is making, SumZero contributor Hadi Orabi says. The background: Office Depot (ODP) is not at its best times. Just one year ago, the company was supposed to merge with Staples, its closest competitor, giving Office Depot a valuation of more than $6 billion.
A brawl over store-promotion money between Newell Brands, the maker of Sharpie markers, and Office Depot contributed to a $50 million drop in Newell’s quarterly sales—but the CEO says he has no regrets....
The technology can reduce branch downtime by as much as 52 percent, according to the company.
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Last week, after Parkland shooting survivor David Hogg said he had been rejected by four colleges, Fox News Host Laura Ingraham tweeted something not-so-nice. And by Thursday, advertisers started to distance themselves from her show. Ingraham has since issued an apology. Yahoo Finance's Seana Smith, Andy Serwer and Melody Hahm discuss.