Office Depot (ODP) Receives Daily News Impact Score of 0.21

Media stories about Office Depot (NASDAQ:ODP) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Office Depot earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 45.1170179137734 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

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Shares of NASDAQ:ODP opened at $2.26 on Thursday. Office Depot has a 52-week low of $2.00 and a 52-week high of $6.26. The stock has a market capitalization of $1,206.18, a PE ratio of 5.02, a PEG ratio of 0.41 and a beta of 2.67. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.40 and a quick ratio of 0.87.

Office Depot (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. Office Depot had a return on equity of 11.74% and a net margin of 1.76%. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period last year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. equities analysts predict that Office Depot will post 0.31 earnings per share for the current fiscal year.

A number of research firms have commented on ODP. BidaskClub upgraded Office Depot from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research cut Office Depot from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. Jefferies Group reiterated 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 research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price 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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