Staples (NASDAQ: SPLS) posted its quarterly earnings results on Wednesday. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.01. The company had revenue of $6.57 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis.
A number of research firms have also recently commented on SPLS. Analysts at Bank of America reiterated an “underperform” rating on shares of Staples in a research note to investors on Wednesday. On a related note, analysts at Oppenheimer reiterated a “market perform” rating on shares of Staples in a research note to investors on Wednesday. Finally, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Staples in a research note to investors on Monday. They now have a $13.00 price target on the stock.
Shares of Staples (SPLS) traded down 8.94% during mid-day trading on Wednesday, hitting $12.1015. Staples (SPLS) has a 52 week low of $10.57 and a 52 week high of $16.93. The stock’s 50-day moving average is currently $13.20. The company’s market cap is $8.155 billion.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, April 18th. Shareholders of record on Friday, March 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.61%.
Staples, Inc. (Staples) is an office products company. Staples operates in three business segments: North American Delivery, North American Retail and International Operations.
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