Staffing 360 Solutions (STAF) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS
Staffing 360 Solutions (NASDAQ:STAF) announced its quarterly earnings results on Wednesday. The business services provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04), Morningstar.com reports. The company had revenue of $74.09 million during the quarter, compared to the consensus estimate of $80.00 million.
Shares of Staffing 360 Solutions stock traded down $0.46 on Thursday, reaching $1.70. The company’s stock had a trading volume of 4,672 shares, compared to its average volume of 333,412. Staffing 360 Solutions has a 52-week low of $1.14 and a 52-week high of $5.65.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Friday, February 15th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Thursday, February 14th.
A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Vanguard Group Inc acquired a new stake in Staffing 360 Solutions Inc (NASDAQ:STAF) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,073 shares of the business services provider’s stock, valued at approximately $46,000. Vanguard Group Inc owned approximately 0.44% of Staffing 360 Solutions at the end of the most recent reporting period. Institutional investors and hedge funds own 3.02% of the company’s stock.
About Staffing 360 Solutions
Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. The company operates through three segments: Commercial – US, Professional – US, and Professional – UK. It focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.
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