Office Depot (ODP) Given Daily Media Sentiment Score of 0.15
Headlines about Office Depot (NASDAQ:ODP) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Office Depot earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 46.5760262383692 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 news headlines that may have effected Accern’s analysis:
- Wells Fargo Commercial Mortgage Trust 2012-LC5 — Moody’s Affirms Eight and Downgrades Two Classes of WFCM 2012-LC5 (finance.yahoo.com)
- Some hot names on Wall Street: Office Depot, Inc. (ODP), Jaguar Health, Inc. (JAGX) – Market Movers (financialqz.com)
- Office Depot Inc (NASDAQ:ODP) Reports Engagement Of New Chief Financial Officer – USMarketsDaily (blog) (usmarketsdaily.com)
- Office Depot, Inc. Announces Appointment of New Chief Financial … – Business Wire (press release) (businesswire.com)
- Office Depot appoints former B/E Aerospace executive as CFO (finance.yahoo.com)
Office Depot (NASDAQ:ODP) opened at $3.40 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1,750.00, a P/E ratio of 7.23, a P/E/G ratio of 1.00 and a beta of 2.86. Office Depot has a fifty-two week low of $2.97 and a fifty-two week high of $6.26.
Office Depot (NASDAQ:ODP) last announced its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.61 billion. Office Depot had a return on equity of 12.86% and a net margin of 3.00%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. equities analysts anticipate that Office Depot will post 0.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Wednesday, November 22nd. Office Depot’s dividend payout ratio (DPR) is 21.28%.
ODP has been the topic of a number of recent research reports. Jefferies Group restated a “hold” rating and set a $4.15 target price (down from $5.00) on shares of Office Depot in a research note on Friday, October 6th. BidaskClub upgraded shares of Office Depot from a “sell” rating to a “hold” rating in a research note on Saturday, October 7th. JPMorgan Chase & Co. lowered shares of Office Depot from a “neutral” rating to an “underweight” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded shares of Office Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, ValuEngine lowered shares of Office Depot from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $5.08.
In related news, insider Michael R. Allison sold 360,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $3.83, for a total value of $1,378,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.43% of the company’s stock.
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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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