Dividend Stock Updates: Staples, Inc. (SPLS)

Mark Lennihan

Mark Lennihan

In the fourth quarter of 2016, the group has reported the adjusted earnings per share of 25 cents, which is as per the analysts' estimates for the adjusted earnings per share. He performs analysis of Companies and publicizes important information for investor/traders community. (NASDAQ:SPLS) and Cerberus Capital Management, L.P. announced the completion of the sale of a controlling interest in Staples' European operations to a Cerberus affiliate.

Staples, Inc.is having a Relative Strength Index of 45.54 which indicates the stock is not yet over sold or over bought based on the technical indicators.Staples, Inc. Additionally when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers. For SPLS, the company now has $1.08 Billion of cash on the books, which is offset by $23 Million current liabilities. The Monthly and Yearly performances are -2.77 percent and -3.81 percent respectively. The share price is trading in a range of $8.74 - 8.87. The stock carved out a 52-week low down at $7.15. The stock gained a consensus recommendation of 2.78 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell.

Staples shares rose $0.19 (+2.12%) to $9.15 in premarket trading Thursday. The stock is now moving above its 20-Day Simple Moving Average of -2.22% with the 50-Day Simple Moving Average of -2.22 percent.

Stock has got outperform rating from 12 analysts of Thomson Reuters whereas 11 analysts given hold rating to the stock. (NASDAQ:SPLS) in which Deutsche Bank Maintains Staples, Inc.

Staples, Inc. (NASDAQ:SPLS) has the market capitalization of $5.88 Billion. The third largest holder is Pzena Investment Management Llc, which now holds $288.82 million worth of this stock and that ownership represents almost 4.8% of its market capitalization. The Return on Investment (ROI) is at 8.2% while it's Return on Equity (ROE) value stands at -9.2%.

In addition, Staples has restructured its business segments during the fourth quarter of 2016 to align with its 20/20 strategic plan, and to accelerate the growth in North American Delivery and preserve profit in North American Retail.

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