Staples, Inc. (NASDAQ:SPLS) Given Price Target Of $9.25


As per Staples, Inc. (NASDAQ:SPLS)’s news release on 2016-06-15, its shareholders will get cash dividend of $0.12 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-24 and 2016-07-14, respectively.

The stock will commence trading ex-dividend from 2016-06-22, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Staples, Inc. (NASDAQ:SPLS) disbursed $0.12 in dividend compared to distribution of $0.12, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Staples, Inc. (NASDAQ:SPLS) to attain a price target of $9.25. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $10.5. The low price range is set at $8 for next year while the arithmetic mean is seen at 2.75.

Eyeing Earnings Staples, Inc. (NASDAQ:SPLS) is likely to post quarterly numbers around 2016-11-16 for the quarter ending 2016-10-31. The quarterly EPS projection is set at $0.34 for the period ending on 2016-10-31.

In last quarter ended 2016-01-31, Staples, Inc. (NASDAQ:SPLS) earnings came at $0.12 suggesting a deviation of $0. The brokerages targeted EPS of $0.12 for the quarter.

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