Office Depot (ODP) Earns Daily News Impact Score of 0.15

News articles about Office Depot (NASDAQ:ODP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Office Depot earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 46.2308773068952 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

Shares of Office Depot (NASDAQ:ODP) opened at 4.48 on Friday. Office Depot has a 12-month low of $3.01 and a 12-month high of $6.26. The company has a 50-day moving average price of $4.65 and a 200-day moving average price of $5.01. The firm has a market capitalization of $2.32 billion, a P/E ratio of 5.80 and a beta of 3.08.

Office Depot (NASDAQ:ODP) last posted its quarterly 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). The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.44 billion. Office Depot had a return on equity of 13.97% and a net margin of 2.49%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. Equities analysts predict that Office Depot will post $0.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 2.23%. The ex-dividend date was Wednesday, August 23rd. Office Depot’s dividend payout ratio is presently 20.00%.

A number of research analysts have recently commented on the company. BidaskClub cut Office Depot from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research cut Office Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Loop Capital reiterated a “hold” rating and issued a $5.00 price target on shares of Office Depot in a research note on Wednesday, July 12th. Deutsche Bank AG reiterated a “hold” rating and issued a $5.00 price target (down from $5.75) on shares of Office Depot in a research note on Thursday, August 10th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $6.00 price target on shares of Office Depot in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Office Depot currently has a consensus rating of “Hold” and an average target price of $5.38.

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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.

Insider Buying and Selling by Quarter for Office Depot (NASDAQ:ODP)

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