Staples (SPLS) Announces Quarterly Earnings, Misses Expectations By $0.03 EPS
Staples (NASDAQ:SPLS) announced its earnings results on Tuesday. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.03, Analyst Ratings Network reports. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.62 billion.
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 the ratings front, 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 research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.55.
Staples (NASDAQ:SPLS) opened at 13.39 on Tuesday. Staples has a 52-week low of $11.04 and a 52-week high of $17.30. The stock has a 50-day moving average of $12.39 and a 200-day moving average of $13.69. The company has a market cap of $8.713 billion and a price-to-earnings ratio of 14.12. Staples also saw unusually large options trading activity on Monday. Stock traders bought 10,456 put options on the company. This represents an increase of 376% compared to the average daily volume of 2,195 put options.
Staples, Inc (NASDAQ:SPLS) is an office products company.
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