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

According to a research note disclosed on May 11, 2016, analysts at UBS have lowered their rating on these shares from Buy to Neutral. The firm's quarterly revenue was down 2.9% compared to the same quarter past year.

Staples (NASDAQ:SPLS) last issued its earnings results on Thursday, March 9th. Earnings, adjusted for one-time gains and costs, came to 25 cents per share. Staples had a negative net margin of 2.25% and a positive return on equity of 11.46%.

Total company comparable sales for the fourth quarter of 2016 declined one percent compared to the fourth quarter of 2015. Staples's revenue was down 4.3% compared to the same quarter a year ago. (NASDAQ:SPLS) to report earnings on Mar, 09 for the fiscal quarter ending Jan 2017. Investors of record on Friday, March 24th will be issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, December 19th. This represents a $0.48 annualized dividend and a dividend yield of 5.53%.

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A number of equities analysts recently commented on the company.

Staples, Inc. (NASDAQ:SPLS) reached at $8.96 price level during last trade its distance from 20 days simple moving average is -2.22%, and its distance from 50 days simple moving average is -2.22% while it has a distance of 3.09% from the 200 days simple moving average.

Loop Capital analysts provided their view on Staples, Inc. They set a hold rating and a $10.00 price target for the company. Twelve analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of "Hold" and an average price target of $9.95.

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The appearance of milder forms of bird flu at a Wisconsin turkey farm and another Tennessee chicken farm has heightened concern. In fact, the shares have fallen nearly 2.6% to $61.92 as of Mar 8, 2017 since the news of bird flu broke out on Mar 5, 2017.

Winnowing its store count is part of Staples' plan to shift away from traditional brick-and-mortar retail. The insider owns 3,471,951 shares which have current market value of around $29476863.99.Michael A. Miles, Jr is another major inside shareholder in the company.

Boothbay Fund Management LLC lowered its stake in Staples, Inc. Amalgamated Bank now owns 88,609 shares of the company's stock worth $823,000 after buying an additional 65,661 shares in the last quarter. Legal & General Group Plc boosted its position in Staples by 3.2% in the second quarter. ING Groep NV now owns 208,799 shares of the company's stock valued at $1,917,000 after buying an additional 27,572 shares in the last quarter. Staples updated its Q1 guidance to $0.15-0.18 EPS. Hillsdale Investment Management Inc. now owns 44,600 shares of the company's stock worth $385,000 after buying an additional 13,300 shares in the last quarter.

In her statement Thursday, CEO Shira Goodman sought to assure investors that the company's turnaround is on track.

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