Essendant (ESND) Getting Somewhat Positive Media Coverage, Report Shows
News headlines about Essendant (NASDAQ:ESND) have trended somewhat positive on Saturday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Essendant earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.9926427282406 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Essendant from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Essendant from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. TheStreet lowered shares of Essendant from a “c-” rating to a “d+” rating in a report on Thursday, July 27th. Finally, ValuEngine upgraded shares of Essendant from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.33.
Shares of Essendant (ESND) traded down 2.59% during trading on Friday, reaching $13.17. 243,382 shares of the company were exchanged. The company’s 50-day moving average is $11.88 and its 200 day moving average is $14.35. The firm’s market capitalization is $494.26 million. Essendant has a 1-year low of $11.26 and a 1-year high of $22.52.
Essendant (NASDAQ:ESND) last posted its earnings results on Wednesday, July 26th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.09). Essendant had a negative net margin of 2.87% and a positive return on equity of 5.75%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company earned $0.55 EPS. The company’s revenue was down 6.9% on a year-over-year basis. Equities research analysts expect that Essendant will post $1.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend 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%.
Essendant Company Profile
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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