Staples, Inc. (SPLS) Issues Q2 Earnings Guidance
Staples, Inc. (NASDAQ:SPLS) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.09-0.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.15, Analyst Ratings Network reports.
Staples, Inc. (NASDAQ:SPLS) opened at 13.39 on Tuesday. Staples, Inc. has a one year low of $11.04 and a one year high of $17.30. The stock’s 50-day moving average is $12.39 and its 200-day moving average is $13.69. The company has a market cap of $8.713 billion and a P/E ratio of 14.28. Staples also was the recipient of unusually large options trading activity on Monday. Stock traders bought 10,456 put options on the stock. This is an increase of approximately 376% compared to the average volume of 2,195 put options.
Staples (NASDAQ:SPLS) last announced its earnings results on Tuesday, May 20th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.03. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts predict that Staples, Inc. will post $1.08 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SPLS shares. Analysts at TheStreet downgraded shares of Staples from a buy rating to a hold rating in a research note on Tuesday, March 18th. On a related note, analysts at Zacks reiterated a neutral rating on shares of Staples in a research note on Thursday, March 13th. They now have a $12.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $13.55.
Staples, Inc (NASDAQ:SPLS) is an office products company.
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