|Bid||2.80 x 38500|
|Ask||3.20 x 40000|
|Day's Range||2.83 - 3.02|
|52 Week Range||2.00 - 3.66|
|Beta (3Y Monthly)||3.15|
|PE Ratio (TTM)||25.98|
|Earnings Date||Nov 7, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||0.10 (3.23%)|
|1y Target Est||3.67|
Office Depot's CEO Gerry Smith joins The Final Round following the company's earnings report. He discusses the state of the company and Office Depot's future.
Office Depot announced Tuesday that it will buy back $100 million of its stock next year and reduce debt, part of the company's mission to improve its financial outlook and increase stock value for shareholders. The Boca Raton-based office supply company (Nasdaq: ODP) will begin its new stock repurchase program on Jan. 1. In a news release, the company also said it successfully repriced a term loan due in 2022.
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Office Depot Inc. said Tuesday its board has approved a new stock buyback program of up to $100 million. The company announced the buyback as it repriced a term loan due 2022 and said it would repay about $200 million of the outstanding loan, reducing the balance to $500 million. The retailer said the borrowing rate on the loan has been reduced by 175 basis points. The move will result in net annual interest expense savings of about $21 million in 2019 and $79 million over the remaining life of the loan. Shares rose 2.4% premarket, but have fallen 17.2% in 2018, while the S&P 500 has gained 0.6%.
Office Depot, Inc. (“Office Depot,” or the “Company”) (ODP), a leading omni-channel provider of business services and supplies, products and technology solutions, today announced that it has successfully repriced its Term Loan Credit Agreement due 2022 (“term loan”). As part of the repricing, the Company will repay approximately $200 million of the outstanding term loan, bringing the outstanding balance to $500 million.
Improving sales trends in the Business Solutions Division has more than offset continued declines in the retail segment and the pace of decline in the retail segment is decelerating. Office Depot has the financial flexibility to support its transformation.
If you are interested in cashing in on Office Depot Inc’s (NASDAQ:ODP) upcoming dividend of US$0.025 per share, you only have 4 days left to buy the shares before its Read More...
It’s not officially the holiday season until you’ve placed the faces of yourself and your family, friends and coworkers onto the bodies of dancing elves. “When Office Depot approached us this year, the elves were really all ears,” said Santa Claus. “After finding out that Elf Yourself was using Facebook’s augmented reality filters, it was a wrap.
CompuCom®, a leading provider of managed digital workplace services and a subsidiary of Office Depot, Inc. (ODP), today launched Managed IT as a Service, a subscription-based service for small- and medium-sized businesses (SMBs). Combining CompuCom’s extensive managed-service experience with the SMB expertise of its corporate parent, Managed IT as a Service offers comprehensive managed services including 24/7 IT support, system monitoring, security and advice – all at an affordable monthly price. Leveraging decades of experience in managed services and customer service, CompuCom developed a service package tailored to the needs of today’s SMBs, including an all-inclusive monthly pricing plan – empowering them to focus on their customers and not be forced to spend time and resources dealing with technology issues.
It’s a green day on Wall Street after the Democrats won back control of the House. Although a split Congress likely means less laws passed, investors evidently like the more ‘checks’ part in the checks and balances of government. Among the stocks that are on the move after election day are Newell Brands Inc. (NYSE:NWL), Office Depot […]
Office Depot (ODP) delivered earnings and revenue surprises of 8.33% and 1.03%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Office Depot, Inc. (ODP), a leading omni-channel provider of business services, products and technology, today announced that its Board of Directors declared a dividend of $0.025 per share ($0.10 per share on an annualized basis) on the common stock of the Company. Office Depot, Inc. (ODP) is a leading provider of business services and supplies, products and technology solutions through its fully integrated omni-channel platform of approximately 1,400 stores, online presence, and dedicated sales professionals and technicians to small, medium and enterprise businesses. Through its banner brands Office Depot®, OfficeMax®, CompuCom® and Grand&Toy®, the Company offers its customers the tools and resources they need to focus on their passion of starting, growing and running their business.
On a per-share basis, the Boca Raton, Florida-based company said it had profit of 11 cents. Earnings, adjusted for non-recurring costs, were 13 cents per share. The office supply retailer posted revenue ...
Office Depot Inc. said Wednesday it had net income of $60 million, or 11 cents a share, in the third quarter, down from $92 million, or 18 cents a share, in the year-earlier period. Adjusted per-share earnings came to 13 cents, ahead of the FactSet consensus of 12 cents. Sales rose to $2.887 billion from $2.620 billion, also ahead of the FactSet consensus of $2.825 billion. Chief Executive Gerry Smith said the company's business solutions division had its best quarter in more than a decade, while investment in building the company's services capabilities was also paying off. The office goods retailer raised its full-year sales guidance to $11.0 billion from $10.8 billion and reiterated its full-year 2019 sales guidance of $11.1 billion. Shares rose 1.1% premarket but are down 21.3% in 2018, while the S&P 500 has gained 3.1%.
Delivered strong revenue growth and free cash flow generation; Drove organic sales increases in Business Solutions Division; Grew services revenues and expanded the distribution ne
While small-cap stocks, such as Office Depot Inc (NASDAQ:ODP) with its market cap of US$1.5b, are popular for their explosive growth, investors should also be aware of their balance sheet Read More...
Office Depot, Inc. (NYSE: ODP ) unveils its next round of earnings this Wednesday, Nov. 7. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement Earnings and Revenue Office ...
Although Office Depot (ODP) is battling weak margins and soft comps at Retail division, its strategic review of business operating model, growth prospects and cost structure will aid Q3 results.
Office Depot (ODP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.