Media stories about Essendant (NASDAQ:ESND) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Essendant earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.065302662198 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Essendant (NASDAQ ESND) opened at $9.49 on Monday. Essendant has a 12-month low of $8.31 and a 12-month high of $22.52. The firm has a market cap of $356.94, a PE ratio of -1.30 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.02 and a current ratio of 2.04.
Essendant (NASDAQ:ESND) last announced 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 for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. Essendant’s revenue was down 7.0% on a year-over-year basis.
A number of equities research analysts have weighed in on ESND shares. BidaskClub upgraded shares of Essendant from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine cut shares of Essendant from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Essendant from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price 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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