Office Depot (ODP) Earns Daily Coverage Optimism Score of 0.21

Press coverage about Office Depot (NASDAQ:ODP) has been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Office Depot earned a news impact score of 0.21 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 46.481174375715 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several research analysts have recently issued reports on ODP shares. ValuEngine lowered Office Depot from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group reaffirmed a “hold” rating and set a $4.15 price objective (down previously from $5.00) on shares of Office Depot in a research report on Friday, October 6th. BidaskClub raised Office Depot from a “sell” rating to a “hold” rating in a research report on Saturday, October 7th. Zacks Investment Research raised Office Depot from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, JPMorgan Chase & Co. lowered Office Depot from a “neutral” rating to an “underweight” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.08.

Office Depot (NASDAQ ODP) traded up $0.08 during midday trading on Friday, reaching $3.59. The company had a trading volume of 2,570,000 shares, compared to its average volume of 4,570,000. The stock has a market capitalization of $1,850.00, a P/E ratio of 7.64, a PEG ratio of 0.60 and a beta of 2.86. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 0.51. Office Depot has a 12 month low of $2.97 and a 12 month high of $6.26.

Office Depot (NASDAQ:ODP) last announced its quarterly earnings data on Thursday, November 9th. The specialty retailer reported $0.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. Office Depot had a return on equity of 12.86% and a net margin of 3.00%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the business earned $0.16 earnings per share. The business’s revenue was down 7.6% on a year-over-year basis. sell-side analysts anticipate that Office Depot will post 0.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a $0.025 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $0.10 annualized dividend and a dividend yield of 2.79%. Office Depot’s payout ratio is 21.28%.

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About Office Depot

Office Depot, Inc provides a selection of products and services to consumers and businesses of various sizes. The Company’s segments include North American Retail Division and North American Business Solutions Division. The North American Retail Division includes retail stores in the United States, including Puerto Rico and the United States Virgin Islands, which offer office supplies, technology products and solutions, business machines and related supplies, facilities products and office furniture.

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