Stock exchanged hands with the total volume of 2.93 Million shares, as contrast to its average volume of 3.05 Million shares. Staples, Inc. (NASDAQ:SPLS) has risen 5.47% over the past 6 months and is uptrending. The stock's next day closing price was $9.22 with the gain of 3.95% in its share price. Wall Street was expecting revenue of $5.04 billion for the quarter.
Staples (NASDAQ:SPLS) last issued its earnings results on Thursday, March 9th. Non-GAAP earnings of 90 cents per share, while down 3 cents from 2015, surpassed the expected 88 cents, according to FactSet. Staples had a negative net margin of 2.25% and a positive return on equity of 11.46%.
In Staples, Inc. (NASDAQ:SPLS)'s latest quarter, EPS moved to $0.34 from $0.12 in preceding quarter and revenues reached at $5,355.00M compared to $4,752.00M. For the current quarter the company has highest EPS estimates of $0.27 and low forecast is $0.24. The firm's revenue for the quarter was down 2.9% compared to the same quarter past year. The results missed analysts' estimates of $0.26 per share. It also reported earnings per share of 25 cents per share for the quarter. Stockholders of record on Friday, March 24th will be paid a $0.12 dividend. Staples's payout ratio is -66.67%. Telsey Advisory Group lifted their price target on Staples from $8.00 to $9.00 and gave the stock a "market perform" rating in a report on Thursday, November 17th.
Polish plot to remove fellow countrymen Donald Tusk from European Union presidency foiled
It was to contain conclusions about the economy, migration and instability in the Balkans, as well as about the Tusk reelection. Mr Kaczynski holds Mr Tusk "morally responsible" for the death of his twin brother.
Loop Capital analysts provided their view on Staples, Inc. They issued a "hold" rating and a $10.00 price objective for the company. Zacks Investment Research raised shares of Staples from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a research note on Thursday, January 19th. The company presently has a consensus rating of "Hold" and an average price target of $9.95.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC increased its stake in shares of Staples by 183.0% in the third quarter. The stock has fallen nearly 6 percent in the last 12 months. Finally, Amalgamated Bank boosted its position in Staples by 286.1% in the second quarter. Minneapolis Portfolio Management Group LLC now owns 1,297,000 shares of the company's stock worth $11,180,000 after buying an additional 11,100 shares during the last quarter. Tocqueville Asset Management L.P. now owns 1,181,799 shares of the company's stock worth $10,187,000 after buying an additional 820,693 shares during the last quarter. Following the completion of the transaction, the senior vice president now directly owns 80,431 shares in the company, valued at approximately $801,897.07.