Headlines about Essendant (NASDAQ:ESND) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Essendant earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.6542968808739 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Essendant (ESND) traded up 0.08% during mid-day trading on Thursday, hitting $13.19. The stock had a trading volume of 124,804 shares. The stock has a 50 day moving average of $12.47 and a 200-day moving average of $14.18. Essendant has a 1-year low of $11.26 and a 1-year high of $22.52. The firm’s market cap is $495.01 million.
Essendant (NASDAQ:ESND) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.09). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.31 billion. Essendant had a negative net margin of 2.87% and a positive return on equity of 5.75%. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 earnings per share. Analysts predict that Essendant will post $1.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a $0.14 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.56 dividend on an annualized basis and a yield of 4.25%. Essendant’s payout ratio is -13.73%.
ESND has been the topic of a number of research reports. BidaskClub downgraded Essendant from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine downgraded Essendant from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Essendant from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, TheStreet downgraded Essendant from a “c-” rating to a “d+” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Essendant currently has a consensus rating of “Hold” and a consensus target price of $16.50.
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Essendant Inc (Essendant) is a wholesale distributor of workplace items. The Company’s product portfolio includes Janitorial, Foodservice and Breakroom Supplies (JanSan), Technology Products, Traditional Office Products, Industrial Supplies, Cut Sheet Paper Products, Automotive Products and Office Furniture.
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