Staples jumps on report that it's in talks with buyout firms
- Author: Zachary Reyes Apr 04, 2017,
Apr 04, 2017, 20:26
Annual earnings per share (EPS) growth noted at 36.30% in past 5 Years and Long-term annual earnings per share (EPS) growth is expected to reach 10.90% in coming 5 years. The analysts offering Earnings Estimates for the company were believing that Office Depot, Inc. This target is applying estimates from analysts polled by Thomson Reuters.
The discussions follow Staples' failed bid in 2016 to acquire rival Office Depot after a federal judge blocked the takeover attempt.
Let's talk about the gap between analyst price targets for the next 12 months and Office Depot, Inc. The company had Year Ago Sales of 3.54 Billion.
Office Depot, Inc. (NASDAQ:ODP) is expected to post revenue of $2.45 Billion in the current quarter, according to consensus of 9 analysts. They are projecting Next Quarter growth of 133.3%.
Office Depot, Inc. (ODP) now has a consensus Price Target of $4.79. The share price has moved forward from its 20 days moving average 1.88% and positively negatively from its 50 days moving average 3.99%. Technical analysis can help recognize key technical price levels in the stock. The median target of analyst views collected by Yahoo Finance was as much as $0.09 below ODP's recent stock price. Moreover, UBS issued Downgrade rating for the stock on 11-May-16.
Looking at stock performance, Office Depot, Inc.
The number of shares traded in the last trading session was 7.08 Million. (ODP) has a US$2.39 Billion market cap. The dividend stock is -39.92% off a 52-week high stock price of US$7.91 but is up 56.76% since hitting the US$3.01. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 1.88%. The Company Touched its 52-Week High on April 7, 2016 and 52-Week Low on Nov 1, 2016. P/E Ratio is for valuing a company that measures its current share price relative to its per-share earnings. The Return on Investment (ROI) is at 24.2% while it's Return on Equity (ROE) value stands at 29.3%. (ODP) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Over the past month the firm's stock is 2.63%, 4.39% for the last quarter, 32.88% for the past six-months and -35.00% for the previous year. The stock now shows its YTD (Year to Date) performance of 3.83 percent while its Weekly performance value is 2.98%. Office Depot now has an average rating of "Hold" and a consensus price target of $4.72.