Office Depot (ODP) Receives Daily News Impact Rating of 0.15

Press coverage about Office Depot (NASDAQ:ODP) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.15 on Accern’s scale. Accern also gave media stories 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 company’s share price in the next few days.

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

A number of brokerages have recently commented on ODP. ValuEngine lowered shares of Office Depot from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Office Depot from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. JPMorgan Chase & Co. lowered shares of Office Depot from a “neutral” rating to an “underweight” rating in a research note on Monday, October 30th. BidaskClub upgraded shares of Office Depot from a “sell” rating to a “hold” rating in a research note on Saturday, October 7th. Finally, Jefferies Group reiterated 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $5.08.

Shares of Office Depot (ODP) opened at $3.59 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 company has a market capitalization of $1,852.86, a price-to-earnings ratio of 6.08, a PEG ratio of 0.58 and a beta of 2.87. Office Depot has a 12 month low of $2.97 and a 12 month high of $6.26.

Office Depot (NASDAQ:ODP) last issued its earnings results on Thursday, November 9th. The specialty retailer reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.61 billion. Office Depot had a net margin of 3.00% and a return on equity of 12.86%. Office Depot’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. research analysts anticipate that Office Depot will post 0.44 earnings per share for the current fiscal year.

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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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