Staples, Inc. (NASDAQ:SPLS) Expected To Report Earnings On Thursday

Staples, Inc. (NASDAQ:SPLS) Expected To Report Earnings On Thursday

Staples, Inc. (NASDAQ:SPLS) Expected To Report Earnings On Thursday

In the fourth quarter of 2016, the group has reported the adjusted earnings per share of 25 cents, which is as per the analysts' estimates for the adjusted earnings per share. Stock institutional ownership is 41.70% while insider ownership includes 62.26%. The stock appeared -19.63% below its 52-week highs and is down -2.34% for the last five trades.

Zacks Investment Research also rated the stock with a value of 2.78.

Receive Staples, Inc. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Staples, Inc. with MarketBeat.com's FREE daily email newsletter. (NASDAQ:SPLS). The most expectant earnings per share estimate of the stock is set at $0.9 while the conservative estimates kept at $0.87 over the current year. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $1.29. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $1.86, Million, leading to the up/down ratio of 0. To measure price-variation, we found SPLS's volatility during a week at 3.51% and during a month it has been found around 2.78%. The company has a 50-day moving average price of $9.20 and a 200-day moving average price of $8.82. One year trading price range hit the peak level of $10.92 and touched the lowest level of $7.15. Wall Street was expecting revenue of $5.04 billion for the quarter.

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Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. On a price appreciation basis over the past 12 months, the stock returned -2.62%. Company net profit margin stands at -2.20% whereas its return on equity (ROE) is -9.20%.

The stock now has its Annual Dividend of $0.48 and an annual Dividend Yield of 5.47 Percent. The stock is now moving above its 20-Day Simple Moving Average of -2.22% with the 50-Day Simple Moving Average of -2.22 percent.

The announcement Thursday comes as part of an earnings statement from the Massachusetts-based Staples that reports that 2016 total company sales decreased three percent to $18.2 billion compared to 2015.

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