Essendant (ESND) Receiving Very Favorable Media Coverage, Report Shows

Media headlines about Essendant (NASDAQ:ESND) have trended very positive recently, according to Alpha One. The research group, a division of Accern, scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Essendant earned a news impact score of 0.56 on Alpha One’s scale. Alpha One also assigned press coverage about the company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Alpha One Sentiment Analysis’s analysis:

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

A number of brokerages have commented on ESND. Sidoti cut Essendant from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Tuesday, February 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $15.00 price target (down from $18.00) on shares of Essendant in a research note on Wednesday, March 1st. Finally, Zacks Investment Research raised Essendant from a “strong sell” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, May 2nd.

Essendant (ESND) traded down 2.65% during trading on Tuesday, hitting $14.70. The stock had a trading volume of 39,249 shares. Essendant has a 12 month low of $13.81 and a 12 month high of $32.64. The stock has a 50 day moving average price of $16.54 and a 200-day moving average price of $17.90. The stock’s market cap is $551.24 million.

Essendant (NASDAQ:ESND) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $0.25 earnings per share 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 period in the prior year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, equities analysts predict that Essendant will post $1.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.56 annualized dividend and a dividend yield of 3.71%. Essendant’s payout ratio is -14.47%.

In other news, insider Harry Dochelli sold 4,755 shares of the stock in a transaction that occurred 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 directly owns 21,116 shares in the company, valued at $357,705.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ESND”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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