Essendant Inc (NASDAQ:ESND) has been given a consensus rating of “Hold” by the six analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.50.
ESND has been the topic of several recent analyst reports. BidaskClub upgraded Essendant from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 20th. ValuEngine downgraded Essendant from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded Essendant from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th.
Shares of Essendant (ESND) traded down $0.02 on Thursday, reaching $9.49. The company’s stock had a trading volume of 199,918 shares, compared to its average volume of 339,798. The company has a current ratio of 2.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.89. Essendant has a 1-year low of $8.31 and a 1-year high of $22.52. The stock has a market cap of $356.94, a P/E ratio of 17.57 and a beta of 1.21.
Essendant (NASDAQ:ESND) last issued its earnings results on Wednesday, October 25th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.30). Essendant had a negative net margin of 5.26% and a positive return on equity of 3.20%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESND. Pzena Investment Management LLC lifted its holdings in shares of Essendant by 23.8% during the 3rd quarter. Pzena Investment Management LLC now owns 4,325,038 shares of the company’s stock valued at $56,961,000 after buying an additional 832,767 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Essendant by 11.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,698,887 shares of the company’s stock valued at $40,024,000 after buying an additional 281,356 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Essendant by 163.8% during the 3rd quarter. Citadel Advisors LLC now owns 411,118 shares of the company’s stock valued at $5,414,000 after buying an additional 255,291 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Essendant by 95.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 449,739 shares of the company’s stock valued at $6,671,000 after buying an additional 219,373 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Essendant by 30.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 630,638 shares of the company’s stock valued at $9,353,000 after buying an additional 148,014 shares during the period. 96.43% of the stock is currently owned by hedge funds and other institutional investors.
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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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