Essendant Inc. (NASDAQ:ESND) released its quarterly earnings results on Wednesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.30), Bloomberg Earnings reports. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Essendant had a negative net margin of 2.87% and a positive return on equity of 5.75%. Essendant’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 EPS.

Essendant (ESND) traded down 20.24% during midday trading on Thursday, reaching $10.01. 141,558 shares of the company were exchanged. The stock’s market capitalization is $375.67 million. Essendant has a 52 week low of $9.60 and a 52 week high of $22.52. The firm’s 50 day moving average price is $12.77 and its 200-day moving average price is $14.06.

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Thursday, December 14th. Essendant’s payout ratio is -13.73%.

A number of equities research analysts recently issued reports on ESND shares. ValuEngine raised shares of Essendant from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Essendant from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. TheStreet downgraded shares of Essendant from a “c-” rating to a “d+” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Essendant from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Essendant presently has an average rating of “Hold” and a consensus target price 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.

Earnings History for Essendant (NASDAQ:ESND)

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