Essendant Reports Second Quarter 2016 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/27/2026
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Fox Factory sells Marucci Sports for $225M, cuts debt
KeyBanc Downgrades Essendant (ESND) to Sector Weight
July 21, 2016 1:44 PM EDTKeyBanc downgraded Essendant (NASDAQ: ESND) from Overweight to Sector Weight and removed its price target. The change follows Q2 results and guidance, with disappointing margin outlook.
Analyst Bradley Thomas said, "ESND reported 2Q EPS that was below expectations, with margins pressured... More
Essendant (ESND) Misses Q2 EPS by 28c; Cuts FY16 EPS Outlook
July 21, 2016 6:46 AM EDTEssendant (NASDAQ: ESND) reported Q2 EPS of $0.55, $0.28 worse than the analyst estimate of $0.83. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.36 billion.
GUIDANCE:
Essendant now sees FY2016 EPS of $2.15-$2.30, versus the consensus of $3.26.
For earnings history and earnings-related data on Essendant (ESND) click here.
... More