News articles about Essendant (NASDAQ:ESND) have been trending somewhat positive on Monday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Essendant earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.7896874776668 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Essendant (NASDAQ:ESND) traded up $0.11 during trading hours on Monday, reaching $9.41. The company’s stock had a trading volume of 493,260 shares, compared to its average volume of 281,415. Essendant has a 12 month low of $8.79 and a 12 month high of $22.52. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.04 and a quick ratio of 1.02. The stock has a market capitalization of $352.42, a P/E ratio of 17.22 and a beta of 1.21.
Essendant (NASDAQ:ESND) last posted its earnings results on Wednesday, October 25th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.30). The business 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 for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.56 annualized dividend and a dividend yield of 5.95%. Essendant’s dividend payout ratio is presently -7.67%.
ESND has been the topic of several research analyst reports. ValuEngine raised Essendant from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Essendant from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, BidaskClub lowered Essendant from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Essendant presently has a consensus rating of “Hold” and an average price target of $16.50.
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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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