According to Zacks, “Essendant Inc. is a leading supplier of workplace essentials, with 2015 net sales of $5.4 billion. The company stocks a broad assortment of over 180,000 items, including technology products, traditional office products, janitorial and breakroom supplies, office furniture, industrial supplies, and automotive aftermarket tools. “
Essendant (NASDAQ:ESND) opened at 20.09 on Wednesday. Essendant has a 12-month low of $18.56 and a 12-month high of $36.96. The firm’s market cap is $749.30 million. The company’s 50 day moving average is $19.45 and its 200 day moving average is $27.35.
Essendant (NASDAQ:ESND) last released its earnings results on Wednesday, July 20th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by $0.28. Essendant had a positive return on equity of 13.75% and a negative net margin of 0.72%. The business earned $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts anticipate that Essendant will post $2.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.79%. Essendant’s dividend payout ratio is currently -52.34%.
In other news, COO Timothy P. Connolly sold 5,765 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $19.24, for a total transaction of $110,918.60. Following the sale, the chief operating officer now owns 40,773 shares in the company, valued at $784,472.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Essendant by 55.5% in the first quarter. BlackRock Inc. now owns 3,947 shares of the company’s stock worth $126,000 after buying an additional 1,409 shares in the last quarter. PineBridge Investments L.P. raised its stake in Essendant by 3.4% in the second quarter. PineBridge Investments L.P. now owns 4,712 shares of the company’s stock worth $144,000 after buying an additional 156 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Essendant during the second quarter worth about $155,000. Teacher Retirement System of Texas raised its stake in Essendant by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 5,223 shares of the company’s stock worth $160,000 after buying an additional 633 shares in the last quarter. Finally, Barclays PLC raised its stake in Essendant by 1.5% in the second quarter. Barclays PLC now owns 6,599 shares of the company’s stock worth $201,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.
Essendant Company Profile
Essendant Inc (Essendant), formerly United Stationers Inc, is a wholesale distributor of workplace items. The Company stocks an assortment of over 180,000 products in categories, including janitorial and breakroom supplies, technology products, traditional office products, industrial supplies, office furniture, and automotive aftermarket tools and equipment.
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