Essendant Inc. (NASDAQ:ESND):
Essendant To Report Third Quarter 2016 Results.
The company is up by 1.49% since yesterday’s close of $20.09.
Additionally the company announced a dividend to be paid on Friday the 14th of October 2016. The dividend payment will be $0.140 per share for the quarter or $0.56 annualized. The dividend yield will be $2.78. The ex-dividend date is set for Tuesday the 13th of September 2016.
It is trading at $20.39 marginally over the 50 day moving average of $19.45 and which is marginally under the 200 day moving average of $27.35. The 50 day moving average was up $0.94 or +4.83% and the 200 day average was down $-6.96.
As of the last earnings report the EPS was $-1.05 and is projected to be $2.24 for the current year with 37,297,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.57 and the next full year EPS is anticipated to be $2.56.
Investors are more bullish on the company lately as indicated by the motion in short interest. The company recorded a fall in short interest of -0.07% as of September 15, 2016 from the last reporting period. Short shares decreased from 1,334,105 to 1,245,931 over that period. With short interest at 1,245,931 and short average daily volume at 246,236, days to cover is 0.0 and the percentage of shorted shares is 0.03% as of September 15.
A few investment firms have released opinions on the stock recently. On April 1 the company was upgraded from “Sector Weight” to “Overweight” in a statement from KeyBanc.