Press coverage about Office Depot (NASDAQ:ODP) has been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Office Depot earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the specialty retailer an impact score of 45.5608029864629 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
ODP stock opened at $2.03 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1,128.36, a price-to-earnings ratio of 4.51, a P/E/G ratio of 0.38 and a beta of 2.67. Office Depot has a twelve month low of $2.02 and a twelve month high of $6.26.
Office Depot (NASDAQ:ODP) last posted its earnings results on Wednesday, February 28th. The specialty retailer reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.58 billion. Office Depot had a return on equity of 11.74% and a net margin of 1.76%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. sell-side analysts expect that Office Depot will post 0.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend was Thursday, March 1st. Office Depot’s payout ratio is presently 22.22%.
A number of brokerages recently issued reports on ODP. Zacks Investment Research cut Office Depot from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. BidaskClub cut Office Depot from a “sell” rating to a “strong sell” rating in a research note on Friday, March 2nd. Jefferies Group restated a “hold” rating on shares of Office Depot in a research note on Thursday, March 1st. Finally, ValuEngine cut Office Depot from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $5.08.
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Office Depot Company Profile
Office Depot, Inc, together with its subsidiaries, provides various products and services. It operates in three divisions: Retail, Business Solutions, and CompuCom. The Retail division operates retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and office furniture in the United States, Puerto Rico, and the U.S.
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