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ODP

Office Depot Inc.

5/25/2013, 9:51 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 16, 2012, 10:12 AM Shares of OfficeMax (OMX +2.9%) and Office Depot (ODP +1.1%) shrug off a sluggish report (I, II) from rival Staples to trade higher. The pair of companies have a lighter exposure to Europe, possibly helping tip investor sentiment back their way from SPLS. Comment! [On the Move, Consumer]
Tuesday, May 1, 2012, 9:01 AM Office Depot (ODP) trades 4.3% higher premarket after swinging to a profit in Q1 on a largely in-line report. The company cut operating expenses by $54M during the period in the face of sagging sales - helping it increase its gross margin by over a percentage point to 30.7%. Comment! [Consumer, On the Move]
Tuesday, May 1, 2012, 8:40 AM Office Depot (ODP): Q1 EPS of $0.05 in-line. Revenue of $2.87B (-3.4% Y/Y) in-line. Shares +4.3% premarket. (PR) Comment! [Earnings, On the Move]
Monday, April 30, 2012, 9:52 AM Office supply stocks show weakness in early trading, possibly as a result of a channel check conducted by Cleveland Research that showed soft sales at Staples - widely-considered the best bet to survive of the three big names. OMX -3.4%, ODP -3.1%, SPLS -1.5%. Comment! [On the Move, Consumer]
Thursday, March 1, 2012, 10:16 AM Though it's OfficeMax (OMX +4.3%) and Office Depot (ODP +5.5%) showing off the strong gains for the day, SA author Saj Karsan is locked in on Staples (SPLS +1.1%) as a great buy after it fell off 10% yesterday post-earnings report. "Staples has a moat in North America, which could protect its profits for years to come." Comment! [On the Move, Quick Ideas]
Wednesday, February 29, 2012, 11:28 AM Jefferies raises its price target for Office Depot (ODP -4.7%) to $4 from $2.50 after digesting the firm's Q4 results and commentary from management. Analysts say the company's restructuring continues to cloud the firm's profit picture, but see improving sales and cash flow trends. Comment! [On the Move]
Tuesday, February 28, 2012, 9:59 AM Office supply retailers pace sector gainers after Office Depot (ODP +12.9%) reported better-than-expected Q4 earnings. Smaller rival OfficeMax's (OMX +1.2%) results last week also topped Wall Street expectations, and both results give a positive signal ahead of industry leader Staples' (SPLS +2.8%) results on Wednesday. (earlier) Comment! [Consumer, On the Move]
Tuesday, February 28, 2012, 8:09 AM More on Office Depot (ODP) Q4: Swings to a net profit of $12M from a loss of $109M a year earlier, boosted by lower costs and fewer discounts during the holiday season. Comparable sales at North American stores -5%. Shares +2.65%. Comment! [Earnings, Consumer]
Tuesday, February 28, 2012, 7:25 AM Office Depot (ODP): Q4 EPS of $0.03 may not be comparable to consensus of by -$0.01. Revenue of $2.97B (+0.3% Y/Y) misses by $30M. (PR) Comment! [Earnings]
Monday, February 27, 2012, 11:28 AM Of the three office store stocks - Office Depot (ODP), OfficeMax (OMX) and Staples (SPLS) - Frank Voisin likes Staples the best by far. SPLS is the best managed company "on any number of metrics," has a track record of consistently positive free cash flows, and has grown revenues at a CAGR of 8.6% in the past decade; ODP has grown at a mere 0.4%, OMX has shrunk by 0.37%. Comment! [Quick Ideas, Consumer]
Monday, February 13, 2012, 3:27 PM R.R. Donnelley (RRD +2.6%) shares move higher after winning a multi-year multimillion dollar contract to provide a range of production and related services for catalogs and direct mail for Office Depot (ODP). (PR) Comment! [On the Move]
Sunday, January 22, 2012, 7:43 AM Office Depot (ODP) is testing PayPal's (EBAY) new point-of-sale system in a few of its stores, according to a top executive. This follows news Home Depot is expanding its initial pilot test with an eye towards moving it into all stores this Spring. The system allows customers to purchase items without a card, instead using just their phone number and a PIN. 3 Comments [Tech, Consumer]
Wednesday, January 18, 2012, 9:55 AM Cost cuts at Office Depot (ODP +3%) and OfficeMax (OMX +8.4%) should help stabilize their liquidity amid tight competition, Barclays says in upgrading the stocks to Equal Weight from Underweight. "Recent improvement in small business optimism is encouraging and may have positive implications for companies operating in the office supplies space," the firm says. Comment! [Consumer, On the Move]
Wednesday, December 7, 2011, 3:15 PM Bret Jensen takes up the bullish case for Staples (SPLS -1.1%) calling it the "undisputed winner" of the office supply store war. In laying out his reasons for finding shares 30%-50% undervalued - he points to technical and fundamental factors, as well as SPLS' healthy 2.6% dividend yield. "Staples is the best house in a bad neighborhood and continues to take market share from Office Max and Office Depot." Comment! [Quick Ideas]
Wednesday, November 9, 2011, 10:31 AM Those two specks of green in the S&P 500? Best Buy (BBY +2.4%) and Office Depot (ODP +1.7%). There's no particular news for Best Buy, but insiders have been buyers of Office Depot lately. Comment! [Consumer, On the Move]
Thursday, October 27, 2011, 2:42 PM Shares of Office Depot (ODP) go on a tear, up 12.2%, helped along in part with an announcement that the office supply seller will enter a deal with Microsoft (MSFT +3.1%) to provide digital print solutions through the Bing business portal. Small business customers using Bing's online service will be able to create advertisements, sales collateral, and presentations that can be printed on demand at a local Office Depot store. Comment! [On the Move]