Staples Inc. Announces Quarterly Dividend of $0.12 (SPLS)
Staples (NASDAQ:SPLS) announced a quarterly dividend on Tuesday, September 10th, Analyst Ratings Network reports. Investors of record on Friday, September 27th will be paid a dividend of $0.12 per share on Thursday, October 17th. This represents a $0.48 annualized dividend and a dividend yield of 3.30%.
A number of analysts have recently weighed in on SPLS shares. Analysts at JPMorgan Chase & Co. downgraded shares of Staples (NASDAQ:SPLS) from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $15.00 price target on the stock, down previously from $17.00. On the ratings front, analysts at Deutsche Bank cut their price target on shares of Staples (NASDAQ:SPLS) from $14.00 to $13.00 in a research note to investors on Friday, August 23rd. Finally, analysts at Credit Suisse downgraded shares of Staples (NASDAQ:SPLS) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. They now have a $15.00 price target on the stock, down previously from $17.00.
Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.53.
Staples (NASDAQ:SPLS) opened at 14.555 on Wednesday. Staples has a one year low of $10.94 and a one year high of $17.30. The stock’s 50-day moving average is $15.75 and its 200-day moving average is $14.71. The company’s market cap is $9.613 billion.
Staples (NASDAQ:SPLS) last released its earnings data on Wednesday, August 21st. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.02. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter last year, the company posted $0.18 earnings per share. Staples’s revenue was down 2.2% compared to the same quarter last year. On average, analysts predict that Staples will post $1.23 earnings per share for the current fiscal year.
Staples, Inc (NASDAQ:SPLS) is an office products company.
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