Office Depot's 2016 sales decline 6 percent but profits surge
- Author: Zachary Reyes Mar 02, 2017,
Mar 02, 2017, 15:39
The analysts believe that the company stock price could grow as high as $6.5. (NASDAQ:ODP) puts the stock on today's active list.
The stock is now showing YTD performance of -1.55 Percent.
The company reported its EPS on 11/02/2016.
But full-year earnings of 46 cents a share, down from adjusted net income from continuing operations of $251 million last year, surpassed expectations.
On Sep 16 Office Depot, Inc. However it has meet the estimates 3 times and missed 5 times.
Office Depot, Inc. (NASDAQ:ODP) has a market capitalization of 2.2 Billion.
The 5 analysts offering 12-month price forecasts for Office Depot Inc have a median target of 4.50, with a high estimate of 5.00 and a low estimate of 4.00. There may be various price targets for a stock.
Office Depot's profit soared in the most recent quarter as the office supply retailer cut costs and benefited from an extra week in the period. The Return on Assets stands at 5.1%, Return on Equity shows 18.1% and Return on Investment value is 2.4%. The company reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. The third largest holder is Blackrock Fund Advisors, which now holds $135.84 million worth of this stock and that ownership represents almost 5.24% of its market capitalization. On seventh day of the earnings report price change of the stock was down -4.89%. Thus the company showed an Earnings Surprise of 6.7 Percent.
Office Depot Inc says that contract customer losses from the previous year will also negatively affect its revenue for 2017.
Since the beginning of the calendar year, the stock is -7.74%. While revenue estimates for the current year is $12.06B, Office Depot Inc (NASDAQ:ODP) setting the highest revenues estimates of $12.49B and indicating lowest revenues at $10.91B according to agreement of 11 number of analysts. Sales at Lowe's stores open more than 13 months rose 5.1 percent in the fourth quarter ended February 3, above the average estimate of a rise of 2.2 percent, according to analysts polled by research firm Consensus Metrix.
Having a glance at growth estimates of the company, it has current quarter growth estimates of 42.90% whereas for next quarter it has 20.00% estimations over growth. The fiscal year 2016 current estimate trend was for $2.78 as compared to FY 2017 current Estimate trends of $2.66.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. One year trading price range hit the peak level of $7.81 and touched the lowest level of $2.99. The stock touched its high share price of $7.91 on April 7, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Nov 1, 2016 as $3.01.