Shares of Office Depot Inc (NASDAQ:ODP) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the firm. The average twelve-month price objective among analysts that have issued a report on the stock in the past year is $5.12. Jefferies Group LLC’s target price points to a potential downside of 1.96% from the stock’s current price. Earnings, with 13 analysts believing the company would generate an Average Estimate of $0.08.
Some buy side analysts are also providing their Analysis on Office Depot, Inc., where 1 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 12 said it’s a HOLD, 0 reported it as Underperform and 1 analysts rated the stock as Sell.
ILLEGAL ACTIVITY WARNING: “Brokerages Anticipate Office Depot Inc (ODP) Will Post Earnings of $0.12 Per Share” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. Office Depot Inc now has $3.00B valuation. Telsey Advisory Group lifted their price objective on shares of Office Depot from $4.40 to $5.25 and gave the stock a “market perform” rating in a report on Wednesday. Zacks Investment Research cut shares of Office Depot from a “buy” rating to a “hold” rating in a research note on Monday, January 2nd.
Office Depot, Inc. (ODP) is expected to post revenue of $2.45 Billion in the current quarter, according to consensus of 9 analysts.
Office Depot (NASDAQ:ODP) traded down 1.078% on Tuesday, hitting $5.045. The company had Year Ago Sales of 3.22 Billion.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 21.24%, and has a solid year to date (YTD) performance of 13.51% which means the stock is constantly adding to its value from the previous fiscal year end price.
If you look at the company’s income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, ODP earned gross profit of 2.98 Billion, in 2015 2.86 Billion gross profit, while in 2016 Office Depot, Inc. Connor Clark And Lunn Limited has invested 0% of its portfolio in Office Depot Inc (NASDAQ:ODP). The specialty retailer reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. It has a return on equity (ROE) of 29.30%.
Market capitalization is the total market value of all of a company’s outstanding shares.
On average, analysts expect that Office Depot will report full year earnings of $0.49 per share for the current financial year, with EPS estimates ranging from $0.42 to $0.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Its Average True Range (ATR) shows a figure of 0.17. This represents a $0.10 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, May 23rd. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright law. Telsey Advisory Group had a markedly different take on 11/05/2016, proposing that Office Depot, Inc.is now considered Market Perform versus prior Outperform rating.
On 3/15/2017 Joseph Vassalluzzo, Chairman, bought 25,000 with an average share price of $4.70 per share and the total transaction amounting to $117,500.00.
The Boca Raton, Florida, company reported profit of $116 million, or 22 cents per share. Calkins Stephen R had sold 15,436 shares worth $71,500. Office Depot has a 1-year low of $3.01 and a 1-year high of $5.54. The disclosure for this purchase can be found here. Following the sale, the insider now owns 852,107 shares in the company, valued at approximately $3,928,213.27. Corporate insiders own 1.47% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock.
Projected Earnings Growth (PEG) is a forward looking ratio based on anticipated earnings growth. Bank of New York Mellon Corp now owns 32,171,818 shares of the specialty retailer’s stock worth $150,082,000 after buying an additional 2,057,459 shares during the period. Finally, ARP Americas LLC purchased a new position in Office Depot during the fourth quarter worth about $135,000. Elkfork Partners LLC purchased a new position in Office Depot during the fourth quarter worth about $105,000. LS Investment Advisors LLC increased its position in Office Depot by 15.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,787 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 4,202 shares during the last quarter.