Essendant (ESND) Earns Daily Media Impact Rating of 0.27

Press coverage about Essendant (NASDAQ:ESND) has trended positive on Saturday, according to Alpha One Sentiment. Alpha One, a unit of Accern, rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Essendant earned a media sentiment score of 0.27 on Alpha One’s scale. Alpha One also gave news articles about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have effected AlphaOne Sentiment’s scoring:

Insider Buying and Selling by Quarter for Essendant (NASDAQ:ESND)

A number of equities analysts have commented on ESND shares. Zacks Investment Research lowered Essendant from a “hold” rating to a “strong sell” rating in a research note on Friday, March 3rd. Jefferies Group LLC restated a “hold” rating and set a $15.00 price objective (down previously from $18.00) on shares of Essendant in a research note on Wednesday, March 1st. Finally, Sidoti lowered Essendant from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Tuesday, February 28th.

Essendant (ESND) opened at 14.94 on Friday. The company’s market cap is $560.24 million. Essendant has a 52 week low of $13.81 and a 52 week high of $32.64. The stock has a 50 day moving average price of $16.59 and a 200 day moving average price of $17.96.

Essendant (NASDAQ:ESND) last posted its earnings results on Wednesday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. Essendant had a positive return on equity of 6.81% and a negative net margin of 2.67%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities analysts forecast that Essendant will post $1.36 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Thursday, June 15th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.75%. Essendant’s dividend payout ratio (DPR) is presently -14.47%.

In related news, insider Harry Dochelli sold 4,755 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $16.94, for a total value of $80,549.70. Following the sale, the insider now owns 21,116 shares in the company, valued at $357,705.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company’s stock.

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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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