The stock of Essendant Inc (NASDAQ:ESND) hit a new 52-week low and has $17.18 target or 7.00% below today’s $18.47 share price. The 9 months bearish chart indicates high risk for the $684.87M company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $17.18 price target is reached, the company will be worth $47.94M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 35,329 shares traded hands. Essendant Inc (NASDAQ:ESND) has declined 37.96% since March 10, 2016 and is downtrending. It has underperformed by 45.48% the S&P500.
Analysts await Essendant Inc (NASDAQ:ESND) to report earnings on October, 18. They expect $0.67 EPS, down 33.00% or $0.33 from last year’s $1 per share. ESND’s profit will be $24.84M for 6.89 P/E if the $0.67 EPS becomes a reality. After $0.55 actual EPS reported by Essendant Inc for the previous quarter, Wall Street now forecasts 21.82% EPS growth.
Essendant Inc (NASDAQ:ESND) Ratings Coverage
Out of 2 analysts covering Essendant Inc (NASDAQ:ESND), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Essendant Inc has been the topic of 2 analyst reports since February 18, 2016 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Friday, April 1 by KeyBanc Capital Markets.
According to Zacks Investment Research, “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.”
More notable recent Essendant Inc (NASDAQ:ESND) news were published by: Marketwatch.com which released: “Essendant Inc.” on June 03, 2015, also Fool.com with their article: “Why Essendant Inc. Stock Plummeted Today” published on July 21, 2016, Prnewswire.com published: “Essendant To Report Third Quarter 2016 Results” on September 27, 2016. More interesting news about Essendant Inc (NASDAQ:ESND) were released by: Zacks.com and their article: “Bear of the Day: Essendant Inc. (ESND)” published on July 27, 2016 as well as Prnewswire.com‘s news article titled: “Essendant Elects Dennis J. Martin To Its Board Of Directors” with publication date: July 14, 2016.
ESND Company Profile
Essendant Inc. (Essendant), formerly United Stationers Inc., incorporated on August 18, 1981, is a wholesale distributor of workplace items. The Firm 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. The Firm has four operating divisions: Business and Facility Essentials, ORS Industrial, CPO Commerce, Inc. (CPO) and Automotive. Business and Facility Essentials also included activities in Mexico conducted through a subsidiary, Azerty de Mexico. The Firm sells its products through a national distribution network of over 70 distribution centers. The Firm also has activities in Dubai and the 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. Essendant serves a group of approximately 30,000 reseller customers. They include independent office products dealers, janitorial and sanitation distributors, office products superstores, online retailers, computer products resellers, office furniture dealers, mass merchandisers, mail order companies, sanitary supply, paper and foodservice distributors, drug and grocery store chains, healthcare distributors, oil field, welding supply and industrial/maintenance, repair and activities (MRO) distributors, automotive aftermarket dealers and wholesalers, and other independent distributors.
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