Essendant Inc (ESND) reported quarterly earnings results on Wednesday, Apr-20-2016. The company reported $0.45 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.46. The company posted revenue of $1352.30 million in the period, compared to analysts expectations of $1312.53 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Many Wall Street Analysts have commented on Essendant Inc. Essendant Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 1, 2016.
Essendant Inc opened for trading at $34.32 and hit $34.58 on the upside on Monday, eventually ending the session at $34.56, with a gain of 0.23% or 0.08 points. The heightened volatility saw the trading volume jump to 75,199 shares. Company has a market cap of $1,289 M.
In a different news, on Apr 18, 2016, Eric A Blanchard (Sr VP, Gen Counsel & Secretary) sold 4,000 shares at $34.51 per share price. According to the SEC, on Feb 22, 2016, Earl C Shanks (CFO) purchased 5,000 shares at $26.68 per share price. On Aug 13, 2015, Timothy P Connolly (Chief Operating Officer) sold 3,500 shares at $36.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Essendant Inc. formerly United Stationers Inc. is a wholesale distributor of workplace essentials. The Company stocks an assortment of over 160000 products in categories including technology products traditional office products office furniture janitorial and breakroom supplies industrial supplies and automotive aftermarket tools and equipment. The Company sells its products through a national distribution network of around 77 distribution centers to over 30000 resellers who in turn sell directly to end consumers. The Company also has operations in Dubai United Arab Emirates (UAE). It offers private brand products within each of its product categories which include Innovera technology products Universal office products Windsoft paper products Boardwalk and UniSan janitorial and sanitation products Alera office furniture and Anchor Brand and Best Welds welding industrial safety and oil field pipeline products.