ISI Provides Color on United Stationers

ISI provided color on United Stationers USTR. In a research report published today, ISI commented on the company's Q2 results. In the report, ISI states, “United Stationers reported adjusted 2Q EPS of $0.59, above our $0.56e, but below consensus estimates of $0.61. Lower sales and a higher effective tax rate were more than offset by better cost controls and more than expected share buybacks. USTR reduced shares outstanding by approx 6% in 1H. Sales were up 3% YoY, below our +4.9% estimate.” At the moment, ISI has a Hold rating and a price target of $37 placed on the company's stock. On Monday, USTR closed the day at $35.67.