Essendant Reports Second Quarter 2016 Results
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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.
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