Media headlines about Office Depot (NASDAQ:ODP) have been trending somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Office Depot earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 44.705986076738 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

ODP has been the subject of several recent research reports. BidaskClub downgraded shares of Office Depot from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. ValuEngine downgraded shares of Office Depot from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Office Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, JPMorgan Chase & Co. downgraded shares of Office Depot from a “neutral” rating to an “underweight” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.08.

Office Depot (ODP) traded down $0.06 during trading hours on Thursday, reaching $3.08. 1,338,202 shares of the company traded hands, compared to its average volume of 3,908,745. Office Depot has a 1 year low of $2.89 and a 1 year high of $6.26. The firm has a market cap of $1,594.81, a PE ratio of 5.22, a P/E/G ratio of 0.48 and a beta of 2.47. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, March 1st. Office Depot’s dividend payout ratio is 16.95%.

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Office Depot Company Profile

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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