Staples Inc. Expected to Earn Q1 2018 Earnings of $0.16 Per Share (SPLS)
Staples Inc. (NASDAQ:SPLS) – Investment analysts at Oppenheimer Holdings issued their Q1 2018 earnings per share estimates for Staples in a report released on Friday. Oppenheimer Holdings analyst B. Nagel anticipates that the brokerage will earn $0.16 per share for the quarter. Oppenheimer Holdings also issued estimates for Staples’ Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.25 EPS.
SPLS has been the subject of several other research reports. Zacks Investment Research cut Staples from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. TheStreet lowered Staples to a “sell” rating in a research report on Friday, August 19th. Jefferies Group set a $9.00 price target on Staples and gave the stock a “hold” rating in a research report on Tuesday, October 4th. Deutsche Bank AG cut their price target on Staples from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Thursday, August 18th. Finally, Morgan Stanley set a $10.00 price target on Staples and gave the stock a “hold” rating in a research report on Thursday, August 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Staples currently has a consensus rating of “Hold” and a consensus price target of $10.50.
Staples (NASDAQ:SPLS) opened at 8.67 on Monday. The stock’s 50 day moving average price is $7.85 and its 200-day moving average price is $8.64. The stock’s market cap is $5.64 billion. Staples has a 12 month low of $7.24 and a 12 month high of $13.10.
Staples (NASDAQ:SPLS) last announced its earnings results on Wednesday, August 17th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Staples had a positive return on equity of 11.20% and a negative net margin of 2.13%. The firm had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the firm posted $0.12 EPS. The business’s revenue was down 3.7% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in SPLS. Prudential PLC acquired a new position in Staples during the first quarter valued at approximately $122,000. Mackenzie Financial Corp acquired a new position in Staples during the second quarter valued at approximately $100,000. Concert Wealth Management Inc. acquired a new position in Staples during the second quarter valued at approximately $103,000. Veritable L.P. acquired a new position in Staples during the second quarter valued at approximately $103,000. Finally, Lapides Asset Management LLC acquired a new position in Staples during the second quarter valued at approximately $106,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.
Staples Company Profile
Staples, Inc is a provider of products and services for business customers and consumers. The Company offers a selection of products, Websites and mobile platforms, and a range of copy, print and technology services. The Company operates through three business segments, which include North American Stores & Online, North American Commercial and International Operations.
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