Staples, Inc. (SPLS) to Release Quarterly Earnings on Wednesday

Staples, Inc. (NASDAQ:SPLS) will announce its earnings results before the market opens on Wednesday, November 15th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.

Staples (NASDAQ:SPLS) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.12 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Staples had a net margin of 1.61% and a return on equity of 7.49%. The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the firm earned $0.12 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis.

Staples, Inc. (SPLS) opened at $10.25 on Tuesday. Staples, Inc. has a fifty-two week low of $7.24 and a fifty-two week high of $10.26. The company has a current ratio of 1.43, a quick ratio of 0.87 and a debt-to-equity ratio of 0.15.

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Several research analysts have recently commented on SPLS shares. Zacks Investment Research raised shares of Staples from a “sell” rating to a “hold” rating in a report on Friday, August 25th. BidaskClub cut shares of Staples from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 target price on shares of Staples in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $8.85.

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.

Earnings History for Staples (NASDAQ:SPLS)

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