Media stories about Essendant (NASDAQ:ESND) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Essendant earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
ESND has been the topic of several research reports. BidaskClub lowered Essendant from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research lowered Essendant from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th.
Essendant (ESND) opened at 13.81 on Tuesday. Essendant has a 52 week low of $13.36 and a 52 week high of $32.64. The company’s 50-day moving average price is $16.02 and its 200 day moving average price is $17.61. The company’s market capitalization is $517.86 million.
Essendant (NASDAQ:ESND) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. Essendant had a negative net margin of 2.67% and a positive return on equity of 6.81%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $0.45 EPS. The business’s revenue was down 6.1% on a year-over-year basis. On average, analysts predict that Essendant will post $1.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.56 annualized dividend and a dividend yield of 4.06%. Essendant’s dividend payout ratio is presently -14.47%.
In other news, insider Harry Dochelli sold 4,755 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $16.94, for a total transaction of $80,549.70. Following the transaction, the insider now directly owns 21,116 shares of the company’s stock, valued at $357,705.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.
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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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