News articles about Essendant (NASDAQ:ESND) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. 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 coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 44.92838132613 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
ESND has been the topic of several analyst reports. ValuEngine lowered shares of Essendant from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Essendant from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, BidaskClub lowered shares of Essendant from a “sell” rating to a “strong sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $16.50.
Shares of Essendant (NASDAQ:ESND) opened at $8.53 on Wednesday. Essendant has a one year low of $8.31 and a one year high of $22.52. The company has a quick ratio of 1.02, a current ratio of 2.04 and a debt-to-equity ratio of 0.89. The firm has a market cap of $313.68, a P/E ratio of 15.44 and a beta of 1.21.
Essendant (NASDAQ:ESND) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.30). Essendant had a negative net margin of 5.26% and a positive return on equity of 3.20%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis.
The firm 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 annualized dividend and a yield of 6.57%. Essendant’s dividend payout ratio is presently -7.67%.
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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