Staffing 360 Solutions (STAF) Downgraded by Zacks Investment Research
Zacks Investment Research downgraded shares of Staffing 360 Solutions (NASDAQ:STAF) from a hold rating to a sell rating in a research report report published on Wednesday.
According to Zacks, “Staffing 360 Solutions, Inc. is engaged in a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK. Through both organic growth and acquisitions, the Company provides permanent placement services in the finance and accounting, administrative, engineering and IT staffing space. Staffing 360 Solutions, Inc. is headquartered in New York, with its UK headquarters in London. “
Separately, ValuEngine raised Staffing 360 Solutions from a hold rating to a buy rating in a report on Monday, July 2nd.
Staffing 360 Solutions (NASDAQ:STAF) last announced its earnings results on Wednesday, August 15th. The business services provider reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.38). The firm had revenue of $59.73 million during the quarter, compared to analyst estimates of $65.76 million. As a group, research analysts expect that Staffing 360 Solutions will post -1.05 EPS for the current fiscal year.
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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