Essendant Inc. (NASDAQ:ESND) released its quarterly earnings results on Wednesday, October 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.30), Bloomberg Earnings reports. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Essendant had a negative net margin of 5.26% and a positive return on equity of 3.20%. Essendant’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share.
Shares of Essendant (NASDAQ ESND) opened at $9.02 on Friday. Essendant has a 52 week low of $8.79 and a 52 week high of $22.52. The firm has a market cap of $341.52, a P/E ratio of 16.82 and a beta of 1.21. The company has a current ratio of 2.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.89.
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 paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 6.21%. The ex-dividend date is Thursday, December 14th. Essendant’s payout ratio is currently -7.67%.
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A number of research firms have recently issued reports on ESND. ValuEngine downgraded shares of Essendant from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Essendant from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub downgraded shares of Essendant from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, TheStreet downgraded shares of 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 issued a hold rating to the company. Essendant presently has a consensus rating of “Hold” and an average price target of $16.50.
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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