Staples (SPLS) Earning Somewhat Positive Media Coverage, Accern Reports
Media headlines about Staples (NASDAQ:SPLS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Staples earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the specialty retailer an impact score of 45.4525051942932 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Stocks Shake Off Earlier Blues, On Track to Close at Record Highs (thestreet.com)
- Pzena Investments Exits Staples, Sells Intel, ExxonMobil – GuruFocus.com (gurufocus.com)
- Staples Announces Black Friday, Holiday Shopping Deals (finance.yahoo.com)
Shares of Staples (NASDAQ:SPLS) opened at $10.25 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 0.87 and a debt-to-equity ratio of 0.15. Staples has a 52-week low of $7.24 and a 52-week high of $10.26.
Staples (NASDAQ:SPLS) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Staples had a return on equity of 7.49% and a net margin of 1.61%. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the prior year, the business posted $0.12 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year.
Several analysts recently commented on SPLS shares. BidaskClub raised Staples from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised Staples from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $9.00 price target 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 issued a buy rating to the company. Staples presently has a consensus rating of “Hold” and a consensus target price of $8.85.
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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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