Shares of Staffing 360 Solutions Inc (NASDAQ:STAF) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $3.50 for the company and are forecasting that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also given Staffing 360 Solutions an industry rank of 215 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Staffing 360 Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st.
A hedge fund recently raised its stake in Staffing 360 Solutions stock. Virtu Financial LLC raised its holdings in shares of Staffing 360 Solutions Inc (NASDAQ:STAF) by 211.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,307 shares of the business services provider’s stock after acquiring an additional 28,710 shares during the quarter. Virtu Financial LLC owned approximately 0.51% of Staffing 360 Solutions worth $62,000 at the end of the most recent quarter. 3.49% of the stock is owned by institutional investors.
NASDAQ:STAF opened at $1.60 on Monday. The company has a debt-to-equity ratio of 5.30, a quick ratio of 0.74 and a current ratio of 0.74. Staffing 360 Solutions has a fifty-two week low of $1.14 and a fifty-two week high of $5.65. The stock has a market cap of $13.02 million, a price-to-earnings ratio of -3.72 and a beta of 1.79.
Staffing 360 Solutions (NASDAQ:STAF) last released its earnings results on Wednesday, March 20th. The business services provider reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). The business had revenue of $74.09 million during the quarter, compared to the consensus estimate of $80.00 million. As a group, equities analysts forecast that Staffing 360 Solutions will post -0.3 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Friday, May 17th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.04 annualized dividend and a yield of 2.50%. Staffing 360 Solutions’s dividend payout ratio (DPR) is presently -9.30%.
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.
Recommended Story: What are gap-up stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Staffing 360 Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Staffing 360 Solutions and related companies with MarketBeat.com's FREE daily email newsletter.