Staples (SPLS) Announces Quarterly Results
Staples (NASDAQ:SPLS) announced its earnings results on Wednesday. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.01, StockRatingsNetwork reports. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.16 billion.
A number of analysts have recently weighed in on SPLS shares. Analysts at Wolfe Research downgraded shares of Staples to an “underperform” rating in a research note on Wednesday, July 23rd. On the ratings front, analysts at Goldman Sachs initiated coverage on shares of Staples in a research note on Tuesday, June 24th. They set an “underweight” rating and a $11.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Staples in a research note on Tuesday, June 24th. They set an “underweight” rating and a $11.00 price target on the stock. Five analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.77.
Staples (NASDAQ:SPLS) opened at 11.62 on Wednesday. Staples has a 52 week low of $10.70 and a 52 week high of $17.01. The stock’s 50-day moving average is $11.23 and its 200-day moving average is $11.87. The company has a market cap of $7.514 billion and a price-to-earnings ratio of 13.91. Staples also was the target of unusually large options trading activity on Tuesday. Stock investors acquired 9,910 call options on the stock. This represents an increase of approximately 407% compared to the average daily volume of 1,954 call options.
Staples, Inc (NASDAQ:SPLS) is an office products company.
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