Staples, Inc. (NASDAQ:SPLS) announced a quarterly dividend on Monday, June 12th, RTT News reports. Stockholders of record on Friday, June 23rd will be paid a dividend of 0.12 per share by the specialty retailer on Thursday, July 13th. This represents a $0.48 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Wednesday, June 21st.
Shares of Staples (NASDAQ:SPLS) opened at 8.84 on Tuesday. Staples has a 52 week low of $7.24 and a 52 week high of $10.25. The firm’s market cap is $5.77 billion. The stock has a 50 day moving average of $9.17 and a 200 day moving average of $9.24.
Staples (NASDAQ:SPLS) last released its earnings results on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.50 billion. Staples had a positive return on equity of 14.07% and a negative net margin of 12.51%. Staples’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. Analysts anticipate that Staples will post $0.88 earnings per share for the current fiscal year.
Several research firms have recently issued reports on SPLS. Loop Capital reissued a “hold” rating and set a $5.00 target price on shares of Staples in a report on Friday, May 19th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Staples in a research note on Tuesday, May 16th. Zacks Investment Research raised Staples from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Staples in a research note on Thursday, April 6th. Finally, Citigroup Inc. raised Staples from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Wednesday, April 5th. Nine equities research 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 stock. Staples presently has a consensus rating of “Hold” and an average target price of $9.06.
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.
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