Staples (NASDAQ:SPLS) Earns Media Impact Score of 0.49
Press coverage about Staples (NASDAQ:SPLS) has been trending positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Staples earned a coverage optimism score of 0.49 on Accern’s scale. Accern also assigned media headlines about the specialty retailer an impact score of 72 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Staples Launches Nationwide Breakroom Makeover Contest (finance.yahoo.com)
- What’s Real Worth Of Staples, Inc. (SPLS), WebMD Health Corp. (WBMD) – AllStockNews (allstocknews.com)
- Staples, Inc. Announces Cash Tender Offer and Consent Solicitation … – Florida Trend (floridatrend.com)
- Staples, Inc. Announces Cash Tender Offer and Consent Solicitation for its 4.375% Notes Due 2023 (finance.yahoo.com)
- Staples/Bureau en Gros begins annual fundraiser in support of Breakfast Club of Canada (finance.yahoo.com)
Several research firms recently issued reports on SPLS. BidaskClub cut Staples from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Loop Capital reiterated a “hold” rating and issued a $5.00 price objective on shares of Staples in a report on Friday, May 19th. Telsey Advisory Group boosted their target price on Staples from $9.00 to $10.25 and gave the stock a “market perform” rating in a report on Thursday, June 29th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Staples in a report on Tuesday, May 16th. Finally, Jefferies Group LLC restated a “hold” rating and set a $9.00 target price on shares of Staples in a report on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Staples has an average rating of “Hold” and a consensus target price of $9.18.
Shares of Staples (NASDAQ:SPLS) traded up 0.34% during mid-day trading on Thursday, reaching $10.18. The company’s stock had a trading volume of 12,714,776 shares. Staples has a 1-year low of $7.24 and a 1-year high of $10.25. The company’s market capitalization is $6.69 billion. The firm’s 50 day moving average price is $9.76 and its 200-day moving average price is $9.33.
Staples (NASDAQ:SPLS) last released its quarterly earnings data on Tuesday, May 16th. The specialty retailer reported $0.17 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.17. Staples had a negative net margin of 12.51% and a positive return on equity of 14.07%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the previous year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts predict that Staples will post $0.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Friday, June 23rd were given 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 dividend payout ratio (DPR) is -13.30%.
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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