Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Staples (SPLS) Share Price
Headlines about Staples (NASDAQ:SPLS) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Staples earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 45.4034495780289 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Staples Moves Closer to Exiting China; Seeks Bids For Its 13-year-old Business (wsj.com)
- [$$] Staples Moves Closer to Exiting China; Seeks Bids For Its 13-year-old Business (finance.yahoo.com)
- Amazon starts Business Prime Shipping to challenge Staples (msn.com)
- 3 of the Best Food Industry Staples Stocks to Buy Now (investorplace.com)
- Regions Financial Corp Buys iShares International Select Dividend, DowDuPont Inc, iShares MSCI … (nasdaq.com)
SPLS has been the topic of several analyst reports. BidaskClub upgraded Staples from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded Staples from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Jefferies Group LLC reiterated 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 assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $8.85.
Shares of Staples (SPLS) opened at 10.25 on Tuesday. The firm has a 50-day moving average price of $10.21 and a 200 day moving average price of $9.58. The company’s market cap is $6.73 billion. Staples has a 1-year low of $7.24 and a 1-year high of $10.26.
Staples (NASDAQ:SPLS) last posted 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 firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter last year, the firm earned $0.12 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, analysts predict that Staples will post $0.86 EPS for the current fiscal year.
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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