Essendant Inc (ESND) got Upgraded

Essendant Inc (NASDAQ:ESND) received a stock rating upgrade from KeyBanc Capital Mkts on Apr-01-16. In a note to investors, the firm issued an Overweight rating. The analysts previously had a Sector Weight rating on the stock.


Analysts have a consensus target price of $ 40.67 in the 12-month period. The price objective is 19.94% higher than the recent closing price of $ 33.91. The 52-week price range is $ 24.77 – 42.40 and the company has a market capitalization of $ 1.25B. Analysts covering the shares maintain a consensus Hold rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 2 has assigned a hold rating, zero says it’s a buy, and zero have assigned a strong buy rating to the company.


Essendant Inc (ESND) on March 30, 2016 announced plans to report first quarter 2016 results on Wednesday, April 20, 2016, after close of market.  In connection with the earnings release, Essendant will host a conference call the following morning on Thursday, April 21, 2016, beginning at 7:30 a.m. Central Time.  The press release containing the full text of the earnings announcement and accompanying financial tables, along with a financial slide presentation and other information relating to the call, will be available within the investors (quarterly results) page of Essendant’s corporate website.


Investors may participate in the earnings call by dialing (877) 358-2531 in the U.S. and Canada or (412) 902-6623 if international and reference the confirmation number:  10082375.   To listen to the webcast via the Internet, participants should visit the company’s website at investors.essendant.com at least 10 minutes before the call begins.  An archived version of the call will be available on the quarterly results page at investors.essendant.com approximately two hours after the conclusion of the call.


Essendant Inc. operates as a wholesale distributor of workplace essentials in the United States and internationally. It supplies janitorial supplies, breakroom items, foodservice consumables, safety and security items, and paper and packaging products. The company also offers technology products, such as imaging supplies, data storage, digital cameras, and computer accessories; and computer hardware, including printers and other peripherals to computer resellers, office products dealers, drug stores, grocery chains, and e-commerce merchants. In addition, it provides filing and record storage products, business machines, presentation products, writing instruments, paper products, shipping and mailing supplies, calendars, and general office accessories; hand and power tools, safety and security supplies, janitorial equipment, and supplies; other industrial maintenance, repair, and operational items; and oil field and welding supplies.


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