Jefferies Group analyst D. Binder now expects that the specialty retailer will post earnings per share of $0.87 for the year, up from their prior estimate of $0.84.
(NASDAQ:SPLS) will report earnings per share of $0.12 in their quarterly report and it is expected to announce the company's results on 8/16/17.
The share price of Staples, Inc.
When it comes to the Analysis of a Stock, Price Target plays a vital role.
Citigroup "Upgrades" Staples Inc (NASDAQ:SPLS) in a research note issued to investors on 4/05/17 to Buy with price target of $0. Loop Capital reaffirmed a "hold" rating and set a $10.00 price objective on shares of Staples in a report on Thursday, April 6th. Ten equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.
Taking a broader look brokerage firms' analysts on the street with an expectant view have Staples Inc (NASDAQ:SPLS) high price target of $12 and with a conservative view have low price target of $8.
Staples, Inc. (NASDAQ:SPLS) has declined -0.83% since January and is down -8.95% for the past week. Moreover, Qv Investors Inc. has 3.41% invested in the company for 3.36 million shares. Latest closing price was -0.86% below its 50-day moving average and 14.28% above its 200-day moving average. Staples's revenue for the quarter was down 4.9% compared to the same quarter previous year. Staples, Inc. has a 52-week low of $7.24 and a 52-week high of $10.25.
Staples, Inc. (NASDAQ:SPLS) performance over the past one year soared 12.82% whereas its year to date (YTD) performance indicated a bearish trend of -0.83%.
Staples, Inc. (NASDAQ:SPLS) - Research analysts at Jefferies Group dropped their Q3 2018 earnings per share estimates for shares of Staples in a research report issued on Tuesday. According to these analysts, the Low Revenue Estimate for Staples, Inc.is 3.83 Billion and the High Revenue Estimate is 4.26 Billion. Staples had a positive return on equity of 11.46% and a negative net margin of 2.25%. Concert Wealth Management Inc. raised its position in shares of Staples by 0.7% in the first quarter. Schroder Investment Management Group now owns 33,605,835 shares of the specialty retailer's stock valued at $293,715,000 after buying an additional 2,985,904 shares in the last quarter. Recently attention has been given to shares of Staples, Inc. The stock has "Sector Weight" rating by KeyBanc Capital Markets on Tuesday, December 8. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Staples by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,293 shares of the specialty retailer's stock valued at $338,000 after buying an additional 145 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 99,423 shares of the specialty retailer's stock valued at $850,000 after buying an additional 3,685 shares during the last quarter. Schroder Investment Management Group increased its position in Staples by 9.8% in the first quarter. FMR LLC now owns 31,179,864 shares of the specialty retailer's stock valued at $273,447,000 after buying an additional 1,346,412 shares in the last quarter.
Several large investors have recently added to or reduced their stakes in the company.
Staples, Inc.is a provider of services and products that serve the needs of business clients and consumers. The Firm offers a range of print and marketing and technology services. We believe the company's actions to streamline operations aimed at enhancing productivity and performance of its North American business bode well. 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. (NASDAQ:SPLS) news were published by: Seekingalpha.com which released: "Staples Is Focused On Its 2020 Business Strategy" on May 17, 2017, also Finance.Yahoo.com with their article: "Staples (SPLS) Q1 Earnings Meet, Sales Miss, Guides Q2" published on May 16, 2017, Nasdaq.com published: "Earnings Reaction History: Staples, Inc., 55.6% Follow-Through Indicator, 4.3 ..." on May 16, 2017.