Essendant Inc. (ESND) to Issue Quarterly Dividend of $0.14 on October 13th
Essendant Inc. (NASDAQ:ESND) declared a quarterly dividend on Thursday, July 13th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.14 per share on Friday, October 13th. This represents a $0.56 annualized dividend and a yield of 4.79%. The ex-dividend date is Thursday, September 14th.
Essendant (NASDAQ:ESND) opened at 11.70 on Friday. The firm’s market capitalization is $439.09 million. The firm’s 50-day moving average is $12.10 and its 200 day moving average is $14.76. Essendant has a 12 month low of $11.26 and a 12 month high of $22.52.
Essendant (NASDAQ:ESND) last posted its earnings results on Wednesday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.09. Essendant had a positive return on equity of 5.75% and a negative net margin of 2.87%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, analysts expect that Essendant will post $1.09 EPS for the current fiscal year.
Several research firms have issued reports on ESND. Zacks Investment Research cut shares of Essendant from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. BidaskClub cut shares of Essendant from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. ValuEngine upgraded shares of Essendant from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, TheStreet cut shares of Essendant from a “c-” rating to a “d+” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.33.
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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