Somewhat Positive News Coverage Somewhat Unlikely to Affect Essendant (ESND) Share Price
News coverage about Essendant (NASDAQ:ESND) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Essendant earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.4567590131075 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Essendant, Inc. – Value Analysis (NASDAQ:ESND) : September 20, 2017 (finance.yahoo.com)
- Head to Head Comparison: Essendant (ESND) and Intersections (INTX) (americanbankingnews.com)
- Essendant Inc. (ESND) Announces Quarterly Dividend of $0.14 (americanbankingnews.com)
- Essendant, Inc. breached its 50 day moving average in a Bullish Manner : ESND-US : September 18, 2017 (finance.yahoo.com)
- Essendant : Board Declares Regular Dividend (4-traders.com)
Shares of Essendant (ESND) traded up 2.51% during mid-day trading on Friday, hitting $12.68. The stock had a trading volume of 216,339 shares. Essendant has a 52 week low of $11.26 and a 52 week high of $22.52. The firm’s market cap is $475.87 million. The stock has a 50 day moving average price of $11.88 and a 200 day moving average price of $14.35.
Essendant (NASDAQ:ESND) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.09). The business 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 company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. Equities research analysts expect that Essendant will post $1.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.42%. The ex-dividend date is Thursday, December 14th. Essendant’s payout ratio is presently -13.73%.
A number of brokerages have weighed in on ESND. ValuEngine upgraded Essendant from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut Essendant from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Zacks Investment Research cut Essendant from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, TheStreet cut Essendant from a “c-” rating to a “d+” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.33.
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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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