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Research Analysts Set Expectations for Staples, Inc.'s FY2018 Earnings (SPLS)

20 May 2017, 05:03 | Terri Saunders

Research Analysts Set Expectations for Staples, Inc.'s FY2018 Earnings (SPLS)

Research Analysts Set Expectations for Staples, Inc.'s FY2018 Earnings (SPLS)

(SPLS) now has a value of $8.75 while the company's 52 week low is at $7.05, the shares dropped to the 52 week low on 11/01/16. Its book value per share for the most recent quarter is $5.68 while its price to book ratio for the same period is 1.54, as for as the company's cash per share for the most recent quarter is $1.71, however its price to cash per share ratio for the same period is 5.12. Staples, Inc. Going from the most negative analyst price target to above consensus is one thing.

SPLS has been the subject of a number of other reports. The stock's 50-day moving average price is $9.45 and its 200-day moving average price is $9.15. Ltd. boosted its stake in Staples by 0.3% in the third quarter.

Zacks Investment Research upgraded shares of Staples, Inc. APG Asset Management N.V. now owns 4,505,706 shares of the specialty retailer's stock valued at $38,524,000 after buying an additional 1,510,800 shares in the last quarter. However, the company still faces the same secular and competitive challenges as Staples, which makes it hard for investors to become constructive on the stock. Advisors Asset Management Inc. now owns 1,349,380 shares of the specialty retailer's stock valued at $11,537,000 after buying an additional 533,529 shares in the last quarter. (NASDAQ:SPLS) was down -1.56% at $8.85 on Wednesday, in a 52-week range of $7.05 to $10.25 and with a consensus analyst target price of $9.80.

04/05/2017 - Staples, Inc. had its "hold" rating reiterated by analysts at Jefferies. Cleararc Capital Inc. boosted its stake in Staples by 0.5% in the first quarter. During the same period in the previous year, the company earned $0.17 earnings per share. (NASDAQ:SPLS). Jpmorgan Chase reported 0% of its portfolio in Staples, Inc.

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Staples (NASDAQ:SPLS) last issued its quarterly earnings results on Tuesday, May 16th. Its forward price to earnings ratio of 15.57 ranks lower than the industry's 18.00. California Public Employees Retirement System raised its stake in shares of Staples by 2.3% in the third quarter. If you are reading this story on another publication, it was copied illegally and reposted in violation of USA and global trademark and copyright law. (NASDAQ:SPLS)'s revenue estimates for the current quarter are $3.92B meanwhile the company has high revenue estimates of $4.26B in contradiction of low revenue estimates of $3.83B. Cleararc Capital Inc. raised its position in shares of Staples by 0.5% in the first quarter. Ten analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Eads & Heald Investment Counsel now owns 14,025 shares of the specialty retailer's stock worth $120,000 after buying an additional 245 shares during the last quarter.

Several hedge funds have recently modified their holdings of SPLS. Ltd. now owns 97,758 shares of the specialty retailer's stock valued at $836,000 after buying an additional 308 shares during the last quarter. Finally, Minneapolis Portfolio Management Group LLC raised its stake in Staples by 3.2% in the third quarter. If you are viewing this article on another domain, it was copied illegally and republished in violation of global trademark & copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/05/18/research-analysts-offer-predictions-for-staples-inc-s-q3-2018-earnings-spls.html.

Staples Company Profile Staples, Inc (Staples) is a provider of products and services that serve the needs of business customers and consumers. We believe the company's actions to streamline operations aimed at enhancing productivity and performance of its North American business bode well. Market Capitalization if basically the market value of the company's shares outstanding. 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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