Essendant (ESND) Updates Q1 Earnings Guidance

Essendant (NASDAQ:ESND) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of less than $0.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17.

Essendant (NASDAQ ESND) traded up $0.07 during trading on Thursday, reaching $8.07. The company’s stock had a trading volume of 2,032,300 shares, compared to its average volume of 332,925. The company has a quick ratio of 1.02, a current ratio of 2.04 and a debt-to-equity ratio of 0.89. Essendant has a twelve month low of $7.99 and a twelve month high of $22.52. The company has a market capitalization of $300.89, a P/E ratio of -1.11 and a beta of 1.11.

Essendant (NASDAQ:ESND) last released its earnings results on Wednesday, February 21st. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.17. Essendant had a positive return on equity of 3.20% and a negative net margin of 5.26%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.94%. The ex-dividend date is Wednesday, March 14th. Essendant’s dividend payout ratio (DPR) is -7.67%.

Separately, BidaskClub raised Essendant from a sell rating to a hold rating in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $16.50.

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About Essendant

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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