Staffing 360 Solutions (STAF) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Staffing 360 Solutions (NASDAQ:STAF) released its quarterly earnings results on Wednesday. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04), Morningstar.com reports. The firm had revenue of $74.09 million during the quarter, compared to analyst estimates of $80.00 million.

STAF stock traded down $0.56 during trading on Thursday, hitting $1.60. The stock had a trading volume of 3,900 shares, compared to its average volume of 333,412. Staffing 360 Solutions has a 1-year low of $1.14 and a 1-year high of $5.65.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Friday, February 15th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.50%. The ex-dividend date was Thursday, February 14th.

Several research firms have recently issued reports on STAF. Zacks Investment Research downgraded Staffing 360 Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. ValuEngine downgraded Staffing 360 Solutions from a “buy” rating to a “hold” rating in a research note on Friday, January 4th.

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Vanguard Group Inc bought a new stake in Staffing 360 Solutions Inc (NASDAQ:STAF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,073 shares of the business services provider’s stock, valued at approximately $46,000. Vanguard Group Inc owned about 0.44% of Staffing 360 Solutions at the end of the most recent quarter. 3.02% of the stock is currently owned by institutional investors.

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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.

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Earnings History for Staffing 360 Solutions (NASDAQ:STAF)

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