Staples, Inc. (NASDAQ:SPLS) Scheduled to Post Earnings on Tuesday
Staples, Inc. (NASDAQ:SPLS) is scheduled to release its earnings data before the market opens on Tuesday, August 15th. Analysts expect Staples to post earnings of $0.12 per share for the quarter. Staples has set its Q2 guidance at $0.10-0.13 EPS.
Staples (NASDAQ:SPLS) last announced its quarterly earnings results on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Staples had a negative net margin of 12.51% and a positive return on equity of 14.07%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the company earned $0.17 earnings per share. Staples’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts expect Staples to post $0.880 EPS for the current fiscal year and $0.860 EPS for the next fiscal year.
Staples, Inc. (NASDAQ SPLS) opened at 10.175 on Tuesday. Staples, Inc. has a 12 month low of $7.24 and a 12 month high of $10.25. The stock’s market cap is $6.65 billion. The company’s 50 day moving average is $9.76 and its 200 day moving average is $9.33.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Friday, June 23rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $0.48 dividend on an annualized basis and a yield of 4.72%. Staples’s payout ratio is -13.30%.
A number of brokerages recently weighed in on SPLS. BidaskClub upgraded shares of Staples from a “strong sell” rating to a “sell” rating in a report on Saturday. Telsey Advisory Group lifted their price objective on shares of Staples from $9.00 to $10.25 and gave the company a “market perform” rating in a report on Thursday, June 29th. Deutsche Bank AG set a $8.00 price objective on shares of Staples and gave the company a “hold” rating in a report on Thursday, June 22nd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Staples in a report on Tuesday, June 20th. Finally, Loop Capital reiterated a “hold” rating and set a $5.00 price objective on shares of Staples in a report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Staples has an average rating of “Hold” and an average target price of $9.18.
Staples, Inc (Staples) is a provider of products and services that serve the needs of business customers and consumers. The Company offers a range of print and marketing and technology services. The Company’s segments include North American Delivery, North American Retail and Other. The North American Delivery segment consists of the United States and Canadian businesses, including Staples Business Advantage, staples.com, staples.ca, and quill.com, that sell and deliver products and services primarily to businesses.
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