Office Depot

According to a recent report from Deutsche Bank, Friday's investors meeting hosted by Office Depot (NYSE: ODP) disclosed that May total sales were down relative to previous guidance however, April total company sales were up by 3%. After the meeting, Deutsche bank has maintained a Hold rating and $...

Citigroup has lowered the price target on Office Depot (NYSE: ODP) from $6 to $5 and maintains its Hold rating.

Piper Jaffray released a first quarter earnings preview report for Office Depot and Office Max prior to the results being reported on Tuesday April 26th, and Thursday, April 28th. Office Max (NYSE: OMX) has already “anticipated Q1 total sales and adjusted the operating margin to be significantly...

According to J.P. Morgan, Office Depot (NYSE: ODP) 1Q sales are consistent with their outlook of down 3% YOY. J.P. Morgan reported that NAR comps were down 1% YOY and NAD sales declined 3%. “Overall, restatements are never a positive for credibility (and ODP has been working to regain what was...

Goldman Sachs is out with its report today on Office Depot (NYSE: ODP), lowering its PT from $5.50 to $4.75. In a note to clients, Goldman Sachs writes, "We cut 2011 EPS to $0.03 from $0.12 and 2012 to $0.18 from $0.28, and launch 2013 at $0.18. Our 12-month price target, based on risk/reward and...

J.P. Morgan has released a report updating on Office Depot (NYSE: ODP) after a meeting with the CFO. According to the report, "We recently met with ODP CFO Mike Newman. Overall, we walked away more encouraged by the internal momentum, heightened pace of change, improved strategic direction, and...

According to Goldman Sachs, Office Depot (NYSE: ODP) management meetings move ahead. Goldman Sachs reported that its recent visit with ODP management suggests the company is making incremental improvements, in the context of some secular headwinds and a sluggish environment, as the search for a...

Deutsche Bank issued an update reevaluating Office Depot's (NYSE: ODP) Price Target and Rating. The report stated “We maintain our price target of $6 based on 5x EV/EBITDA on our FY12 estimates, in line with the multiple that we use for Office Max. Our Hold rating balances some signs of...

According to J.P. Morgan, for Office Depot (NYSE: ODP), following the management meeting, change is underway. J.P. Morgan reported that, following its presentation to Office Depot's Global Officer Committee, it held meetings with Interim CEO and Board Member Neil Austrian, CFO Mike Newman, and...

In its preview of Office Depot's (NYSE: ODP) Q4, Jefferies announced that it has lowered its FY11E EPS to -$0.07 from -$0.02 “as we grow more concerned about market share loss in the delivery business in the coming year.” “We think Office Depot's share loss in delivery to other national competitors...

Piper Jaffray has published a research report on Broadline Retail & Consumer Products, believing that now is a good time to be a consumer and that ad scans for Black Friday have shown that promotions will be higher than in 2009. In the report, Piper Jaffray writes "Price discounts appear...

Office Depot, Inc. (NYSE: ODP) investors were overjoyed this week as the company said it expects a surprise fiscal-third-quarter profit while also announcing that its chairman and chief executive, Steve Odland, will step down. The announcement of Odland's departure comes less than a week after he...

Office Depot, Inc. (NYSE: ODP) early on Tuesday reported a 4th quarter loss of $77 million, or 28 cents per share, an improvement on last year's loss of $1.54 billion, or $5.64 per share. Office Depot's adjusted loss was 6 cents per share, compared to last year's adjusted loss per share of 73 cents...