Office Depot’s (NYSE:ODP) President Kevin Peters Departs to Pursue Other Opportunity

Office Depot Inc (NYSE:ODP) reported that its president for North America Kevin Peters is departing from the company immediately to assume the position of chief executive officer at an industrial distribution corporation.

Chairman and Chief Executive Officer of the office-supply chain Neil Austrian will take on oversight of company’s North American business from Mr. Peters, who served the Office Depot for 5 years in various senior positions.

The Boca Raton, Florida based Office Depot started a new retail format designed to serve “on the go” customers with an ultra convenient under Mr. Peters.

Office Depot reported in November that it anticipates its sales plunges to ease over the coming couple of years, as the country’s second biggest office-supplies chain by sales continues its turnaround strategies.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. OfficeMax Incorporated (NYSE:OMX) rose +4.38% to settle at $10.02, Staples, Inc. (NASDAQ:SPLS) moved up +0.09% to end at $11.76 while School Specialty, Inc. (NASDAQ:SCHS) jumped +1.92% to finish at $1.06 on Friday.

Office Depot Inc (NYSE:ODP) last session’s volume of 4.52 million shares was surprisingly higher than its average volume of 4.49 million shares. The stock after opening at $3.63 hit high price of $3.73 and then closed at $3.66 by scoring +1.67%.

The liquidity measure in recent quarter results of the company was recorded 1.29 as current ratio and on the other side the debt to equity ratio was 0.63 and long-term debt to equity ratio remained at 0.46. The Company had total cash of $619.53 million at hand and a book value per share as $2.37 in the most recent quarter.

The stock’s price volatility was 4.50% for a week and 4.24% for a month as well as price volatility’s Average True Range for 14 days was 0.15 and its beta remained at 3.47.

ODP generated revenue of $11.04 billion in the previous twelve months and earned -$80.28 million. The Company showed a negative -0.45% in the net profit margin as well as in its operating margin which remained at -0.33%. Company’s annual sales growth for the past five years was -5.21%.

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