Q3 2018 Earnings Forecast for Staples, Inc. (SPLS) Issued By Oppenheimer Holdings

Staples' Mediocre-At-Best Q1

Are Investors Shying Away from Shares of Staples, Inc. (NASDAQ:SPLS)?

(NASDAQ:SPLS) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Ltd. now owns 99,423 shares of the specialty retailer's stock valued at $850,000 after buying an additional 3,685 shares in the last quarter.

Other research analysts also recently issued research reports about the company. Ltd. boosted its stake in Staples by 0.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Staples by 0.4% in the fourth quarter. Schroder Investment Management Group now owns 33,605,835 shares of the specialty retailer's stock valued at $293,715,000 after buying an additional 2,985,904 shares in the last quarter.

According to analysts Staples Inc (NASDAQ:SPLS)'s minimum EPS for the current quarter is at $0.11 and can go high up to $0.13. During the same period in the previous year, the company earned $0.17 earnings per share. Green Square Capital LLC raised its position in Staples by 22.4% in the first quarter. Minneapolis Portfolio Management Group LLC boosted its stake in shares of Staples by 3.2% in the third quarter. Most recently on 4/5/17 the stock of Staples, Inc. (NASDAQ:SPLS) opened at 8.85 on Thursday. Cleararc Capital Inc. now owns 15,885 shares of the specialty retailer's stock valued at $139,000 after buying an additional 85 shares during the last quarter. The stock's 50-day moving average price is $9.45 and its 200-day moving average price is $9.15.

Staples Inc (NASDAQ:SPLS) 52-week high price stands at $10.25 and low price stands at $7.05, its price distance from 52-week high is -14.63% while its distance from 52-week low price is 24.05%.

Staples (NASDAQ:SPLS) last announced its earnings results on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.17. The Return on Equity (ROE) value stands at -32.6%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.50 billion. The company's market cap is $5.76 billion. Jefferies Group LLC restated a "hold" rating and set a $9.00 price objective on shares of Staples in a report on Thursday, April 6th.

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Receive News & Ratings for Staples Inc. Deutsche Bank maintained the stock with "Hold" rating in Monday, March 7 report. Zacks Investment Research upgraded Staples from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a report on Thursday, January 19th.

Staples, Inc. had its "hold" rating reiterated by analysts at Loop Capital. Citigroup Inc raised shares of Staples from a "neutral" rating to a "buy" rating and set a $12.00 price objective for the company in a report on Wednesday, April 5th.

Some buy side analysts are also providing their Analysis on Staples, Inc., where 2 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 13 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Staples, Inc.

Staples, Inc.is a provider of services and products that serve the needs of business clients and consumers. The ATR reading can then be used by traders to determine when markets are most likely to range, when there is a high interest in a trend, or when extreme levels are being reached indicating a reversal.

Overall, Office Depot's overall sales, North American Retail, and North American Business Solutions all saw their sales decline on a year-over-year basis.

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