Staples, Inc. (SPLS) to Release Quarterly Earnings on Thursday
Staples, Inc. (NASDAQ:SPLS) will announce its earnings results before the market opens on Thursday, August 24th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
Staples (NASDAQ:SPLS) last announced its quarterly earnings data on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the previous year, the business earned $0.17 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, analysts expect Staples to post $0.88 EPS for the current fiscal year and $0.86 EPS for the next fiscal year.
Shares of Staples, Inc. (SPLS) traded down 0.10% during trading on Friday, reaching $10.19. 6,126,500 shares of the company were exchanged. The firm’s market capitalization is $6.66 billion. The company’s 50-day moving average is $10.13 and its 200 day moving average is $9.41. Staples, Inc. has a 1-year low of $7.24 and a 1-year high of $10.25.
Several research firms have recently commented on SPLS. Loop Capital reiterated a “hold” rating and set a $5.00 price objective on shares of Staples in a research note on Friday, May 19th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Staples in a research note on Tuesday, May 16th. BidaskClub cut shares of Staples from a “sell” rating to a “strong sell” rating in a report on Thursday. Telsey Advisory Group raised their target price on shares of Staples from $9.00 to $10.25 and gave the stock a “market perform” rating in a report on Thursday, June 29th. Finally, Zacks Investment Research raised shares of Staples from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.18.
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Staples Company Profile
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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