News articles about Staples (NASDAQ:SPLS) have been trending positive this week, according to Alpha One. The research group, a service of Accern, identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Staples earned a media sentiment score of 0.28 on Alpha One’s scale. Alpha One also assigned news coverage about Staples an impact score of 86 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected AlphaOne Sentiment Analysis’s rankings:
- Staples Deal: Does the Good Outweigh the Bad? (wsj.com)
- Why Staples, Inc. Stock Popped Today (fool.com)
- Here’s Why Staples, Inc. (SPLS) is Surging (feedproxy.google.com)
- Office Supplies Retailer Staples Explores Sale: Source (foxbusiness.com)
- Staples, Inc. (SPLS) Stock Soars 13% on Sale Chatter (investorplace.com)
Shares of Staples (NASDAQ:SPLS) traded up 2.63% during midday trading on Wednesday, hitting $9.76. The stock had a trading volume of 426,907 shares. Staples has a 1-year low of $7.24 and a 1-year high of $11.37. The firm has a 50-day moving average price of $8.91 and a 200-day moving average price of $8.84. The firm’s market cap is $6.37 billion.
Staples (NASDAQ:SPLS) last released its earnings results on Thursday, March 9th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.01. The business earned $4.56 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Staples had a negative net margin of 2.25% and a positive return on equity of 11.46%. Staples’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 EPS. On average, equities analysts anticipate that Staples will post $0.89 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 24th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, March 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.92%. Staples’s payout ratio is currently -66.67%.
SPLS has been the subject of a number of research reports. Loop Capital initiated coverage on Staples in a research report on Tuesday, December 13th. They set a “hold” rating and a $10.00 price target for the company. Citigroup Inc raised Staples from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday. Zacks Investment Research downgraded Staples from a “buy” rating to a “hold” rating in a research report on Monday, February 20th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $9.00 price target on shares of Staples in a research report on Saturday, March 11th. Ten analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.65.
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Staples, Inc provides a range of products, business services and ways to shop-in stores and online, through mobile or through social applications. The Company’s Business Advantage, which is a business-to-business division, serves mid-market, commercial and enterprise-sized customers. The Business Advantage offers a one-source solution for the products and services, customer service and an e-commerce site.
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