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Staffing 360 Solutions, Inc. (STAF)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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1.2750-0.0250 (-1.92%)
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Neutralpattern detected
Previous Close1.3000
Open1.6000
Bid1.2500 x 1000
Ask1.2600 x 800
Day's Range1.2100 - 1.6100
52 Week Range0.2800 - 3.3400
Volume14,100,582
Avg. Volume3,048,353
Market Cap11.886M
Beta (5Y Monthly)2.47
PE Ratio (TTM)N/A
EPS (TTM)-2.0240
Earnings DateAug 12, 2020
Forward Dividend & Yield0.04 (6.59%)
Ex-Dividend DateDec 12, 2019
1y Target Est3.75
  • Benzinga

    ROCE Insights For Staffing 360 Solutions

    Staffing 360 Solutions (NASDAQ: STAF) reported Q2 sales of $43.36 million. Earnings fell to a loss of $1.46 million, resulting in a 64.05% decrease from last quarter. Staffing 360 Solutions collected $58.70 million in revenue during Q1, but reported earnings showed a $4.07 million loss.Why ROCE Is Significant Changes in earnings and sales indicate shifts in Staffing 360 Solutions's Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q2, Staffing 360 Solutions posted an ROCE of 0.12%.It is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sales in the near future.View more earnings on STAFROCE is an important metric for the comparison of similar companies. A relatively high ROCE shows Staffing 360 Solutions is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and earnings per share growth.In Staffing 360 Solutions's case, the positive ROCE ratio will be something investors pay attention to before making long-term financial decisions.Q2 Earnings Insight Staffing 360 Solutions reported Q2 earnings per share at $-0.59/share, which did not meet analyst predictions of $-0.33/share.See more from Benzinga * Click here for options trades from Benzinga * 12 Industrials Stocks Moving In Tuesday's Pre-Market Session * 12 Industrials Stocks Moving In Monday's After-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Staffing 360 Solutions Announces Successful Completion of Debt Restructuring - Strengthens Financial Outlook
    GlobeNewswire

    Staffing 360 Solutions Announces Successful Completion of Debt Restructuring - Strengthens Financial Outlook

    Extends Senior Debt for Two Years   NEW YORK, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (NASDAQ: STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced that it has successfully completed the restructuring of its senior secured debt agreement with Jackson Investment Group, LLC which includes a two-year extension on its $35.7 million loan, and an extension of its $25 million credit facility with MidCap Funding IV Trust.Brendan Flood, Chairman and Chief Executive Officer said, “I am very pleased that we have been able to strengthen our financial position and provide considerable flexibility with this two-year extension of our existing senior debt with Jackson Investment Group. We have reduced the cash outflow related with this financing by 50% from the previous facility. We will further reduce $1 million in interest expense in the first six months and move out for two years the conversion of the preferred shares. The length of the extension period is significant as it provides us with a considerable runway in which to refinance the loan and/or our total debt prior to its maturity.“Overall business continues to improve week-over-week and we expect to be back to pre-COVID levels by the end of the year. We have applied for full forgiveness of the $19.4 million Cares Act PPP stimulus loan and are optimistic that we will be granted forgiveness. Our Company has already benefited from the many operational adjustments made, which have resulted in $5.2 million in cost savings,” Flood continued.         “We expect that, as the pandemic-related impact to our business continues to ease, Staffing 360 will gain new heights. Our ability to complete a more attractive refinancing in 2021 will provide us even greater flexibility for both organic growth and M&A-driven expansion in the future,” concluded Flood.For additional information regarding the restructuring of the Company’s debt with Jackson Investment Group and MidCap Funding IV Trust please refer to the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on October 27, 2020.About Staffing 360 Solutions, Inc. Staffing 360 Solutions, Inc. is engaged in the execution of an international buy-integrate-build strategy through the acquisition of domestic and international staffing organizations in the United States and United Kingdom. The Company believes that the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $500 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering, IT, and Light Industrial staffing space. For more information, please visit: www.staffing360solutions.com. Follow Staffing 360 Solutions on Facebook, LinkedIn and Twitter.Forward-Looking Statements This press release contains forward-looking statements, which may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. Although Staffing 360 Solutions, Inc. believes such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Actual results may vary materially from those expressed or implied by the statements herein, including the goal of achieving annualized revenues of $500 million, the Company’s ability to successfully raise sufficient capital on reasonable terms or at all, to consummate additional acquisitions, to successfully integrate newly acquired companies, to organically grow its business, to successfully defend potential future litigation, to successfully refinance its debt, and to receive loans under the US Main Street Lending Program, changes in local or national economic conditions, the ability to comply with contractual covenants, including in respect of its debt, as well as various additional risks, many of which are now unknown and generally out of the Company’s control, and which are detailed from time to time in reports filed by the Company with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law.Investor Relations Contacts:  Harvey Bibicoff, CEO Bibicoff + MacInnis, Inc. 818-379-8500 x1 harvey@bibimac.comTerri MacInnis, VP of IR Bibicoff + MacInnis, Inc. 818-379-8500 x2 terri@bibimac.com

  • Benzinga

    Looking Into Staffing 360 Solutions's Return On Capital Employed

    During Q2, Staffing 360 Solutions (NASDAQ: STAF) brought in sales totaling $43.36 million. However, earnings decreased 64.05%, resulting in a loss of $1.46 million. In Q1, Staffing 360 Solutions brought in $58.70 million in sales but lost $4.07 million in earnings.What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q2, Staffing 360 Solutions posted an ROCE of 0.12%.Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future.View more earnings on STAFROCE is an important metric for the comparison of similar companies. A relatively high ROCE shows Staffing 360 Solutions is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and earnings per share growth.For Staffing 360 Solutions, the return on capital employed ratio shows the number of assets can actually help the company achieve higher returns, an important note investors will take into account when gauging the payoff from long-term financing strategies.Q2 Earnings Recap Staffing 360 Solutions reported Q2 earnings per share at $-0.59/share, which did not meet analyst predictions of $-0.33/share.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * 11 Industrials Stocks Moving In Thursday's Pre-Market Session * 13 Industrials Stocks Moving In Thursday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.