Analyst Buzz: Office Depot, Inc. (NASDAQ:ODP)

stock overview

Office Depot, Inc. (NASDAQ:ODP) Belonging to the Retail-Wholesale sector which surged 1.42% and closed its last trading session at $3.57.

The company reported its last EPS on 6/30/2016 and is expected to report its next EPS on 11/1/2016. Currently, the stock has a 1 Year Price Target of $5.03.

The consensus recommendation, according to Zacks Investment research, is 3. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 3 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3 and 3 respectively.

Office Depot, Inc. on 6/30/2016 reported its EPS as $0.03 with the analysts projecting the EPS of the stock as $0.06. The company beat the analyst EPS Estimate with the difference of $-0.03. This shows a surprise factor of -50%.

Many analysts have provided their estimated foresights on Office Depot, Inc. Earnings, with 12 analysts believing the company would generate an Average Estimate of $0.15. Whereas they predicted High and Low Earnings Estimate as $0.16 and $0.13 respectively. While in the same Quarter Previous year, the Actual EPS was $0.16.

Analysts are also projecting an Average Revenue Estimate for Office Depot, Inc. as $3.49 Billion in the Current Quarter. This estimate is provided by 9 analysts. The High Revenue estimate is predicted as 3.52 Billion, while the Low Revenue Estimate prediction stands at 3.45 Billion. The company’s last year sales total was 3.69 Billion.

For the Current Quarter, the growth estimate for Office Depot, Inc. is -6.3%, while for the Next Quarter the stock growth estimate is 42.9%. In the past 5 years, the stock showed growth of 18.2% per annum. While for the next 5 years, the growth estimate is 17.8%.

The Company got Downgrade by UBS on 11-May-16 from Neutral to Sell.

Insider Trades for Office Depot, Inc. show that the latest trade was made on 23 Aug 2016 where Allison Michael R, the Officer completed a transaction type “Sell” in which 934 shares were traded at a price of $3.64.

1 Insider Sales transactions were made totaling 210000 shares traded.

8 analysts projected Price Targets for Office Depot, Inc. The analysts believe that the company stock price could grow as high as $8. The Low Price target projection by analysts is $3.1 and the Mean Price Target is $5.03.

Office Depot, Inc. (NASDAQ:ODP) has the market capitalization of $1.91 Billion. The company rocked its 52-Week High of $7.99 on Oct 26, 2015 and touched its 52-Week Low of $3.11 on Jun 27, 2016. The stock has Return on Assets (ROA) of 4.4 percent. Return on Equity (ROE) stands at 16.5% and Return on Investment (ROI) of 2.4 percent.

The stock is currently showing YTD performance of -36.25 Percent. The company has Beta Value of 2.78 and ATR value of 0.14. The Weekly and Monthly Volatility stands at 3.46% and 4.03%.

Company profile:

Office Depot, Inc., together with its subsidiaries, is the one of the largest suppliers of office products and services in the world. The company sells to consumers and businesses of all sizes through its three business segments: Stores, Business Services and International.  As the largest seller of office products around the world, the Company operates under the Office Depot, Viking Office Products, Viking Direct and brand names.