Media headlines about Office Depot (NASDAQ:ODP) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Office Depot earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 46.1214446994157 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Office Depot’s (ODP) Buy Rating Reiterated at Bank of America Corporation (americanbankingnews.com)
- Look for Shares of Office Depot Inc to Potentially Rebound after Yesterday’s 3.82% Sell Off (mysmartrend.com)
- Office Depot Inc (ODP) Short Interest Up 9.8% in July (americanbankingnews.com)
- Today’s Research Reports on Stocks to Watch: Office Depot and Staples (finance.yahoo.com)
- Office Depot, Inc. breached its 50 day moving average in a Bearish Manner : ODP-US : August 10, 2017 (finance.yahoo.com)
Office Depot (NASDAQ ODP) opened at 4.27 on Friday. The company has a market cap of $2.21 billion, a PE ratio of 5.53 and a beta of 2.98. The stock’s 50 day moving average is $5.67 and its 200 day moving average is $5.04. Office Depot has a 12 month low of $3.01 and a 12 month high of $6.26.
Office Depot (NASDAQ:ODP) last issued its earnings results on Wednesday, August 9th. The specialty retailer reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.03. Office Depot had a net margin of 2.49% and a return on equity of 13.97%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the firm posted $0.06 earnings per share. Office Depot’s revenue was down 8.5% on a year-over-year basis. Equities analysts predict that Office Depot will post $0.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.10 dividend on an annualized basis and a yield of 2.34%. Office Depot’s dividend payout ratio (DPR) is presently 20.00%.
A number of equities analysts have weighed in on ODP shares. Zacks Investment Research raised shares of Office Depot from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Wednesday, May 10th. BidaskClub raised shares of Office Depot from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Bank of America Corporation reissued a “buy” rating on shares of Office Depot in a research report on Sunday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Office Depot in a research report on Tuesday, May 9th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $5.00 price objective (down from $5.75) on shares of Office Depot in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Office Depot currently has a consensus rating of “Hold” and an average price target of $5.10.
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In other Office Depot news, insider Michael R. Allison sold 66,217 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $5.08, for a total value of $336,382.36. Following the transaction, the insider now directly owns 763,691 shares in the company, valued at $3,879,550.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.43% of the stock is owned by insiders.
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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