Essendant Inc. (ESND) Announces Earnings Results, Misses Expectations By $0.30 EPS
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%.
COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/25/essendant-inc-esnd-announces-earnings-results.html.
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.
Receive News & Ratings for Essendant Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essendant Inc. and related companies with MarketBeat.com's FREE daily email newsletter.