Essendant Inc. (NASDAQ:ESND)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $19.50 and last traded at $19.58, with a volume of 155,760 shares trading hands. The stock had previously closed at $20.08.

Separately, Zacks Investment Research downgraded Essendant from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th.

The company’s market cap is $724.68 million. The company’s 50-day moving average is $27.94 and its 200 day moving average is $29.83.

Essendant (NASDAQ:ESND) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.28. The company earned $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. Analysts forecast that Essendant Inc. will post $2.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.88%.

Several institutional investors have modified their holdings of ESND. New York State Common Retirement Fund raised its position in shares of Essendant by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 54,018 shares of the company’s stock valued at $1,756,000 after buying an additional 264 shares in the last quarter. Whittier Trust Co. raised its position in shares of Essendant by 1.1% in the fourth quarter. Whittier Trust Co. now owns 31,032 shares of the company’s stock valued at $1,009,000 after buying an additional 325 shares in the last quarter. Rhumbline Advisers raised its position in shares of Essendant by 2.3% in the fourth quarter. Rhumbline Advisers now owns 72,366 shares of the company’s stock valued at $2,353,000 after buying an additional 1,630 shares in the last quarter. GAM Holding AG raised its position in shares of Essendant by 18.2% in the fourth quarter. GAM Holding AG now owns 48,770 shares of the company’s stock valued at $1,586,000 after buying an additional 7,520 shares in the last quarter. Finally, CNA Financial Corp raised its position in shares of Essendant by 39.1% in the fourth quarter. CNA Financial Corp now owns 42,900 shares of the company’s stock valued at $1,394,000 after buying an additional 12,050 shares in the last quarter.

Essendant Inc, formerly United Stationers Inc, is a wholesale distributor of workplace essentials. The Company stocks an assortment of over 160,000 products in categories, including technology products, traditional office products, office furniture, janitorial and breakroom supplies, industrial supplies, and automotive aftermarket tools and equipment.

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