United Stationers Up 13.3% To 52-Week High (USTR)

Shares of Deerfield, Illinois-based United Stationers Inc. USTR are trading up 13.3% at $70.55 per share during the Friday afternoon trading session. The day's trading range for shares of United Stationers Inc has been between $64.06 and a 52-week high of $70.55 per share. Analysts covering the company's stock give it a consensus price target of $74.00 per share. Volume of 640,000 shares is already far above the daily average volume of 134,000 shares. United Stationers Inc. (USTR) announced on Thursday after the market closed that it beat consensus Wall Street expectations. United Stationers Inc announced 4th quarter adjusted earnings per share of $1.17, on revenue of $1.2 billion. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of $1.07 per share, on revenue of $$1.19 billion. President Cody Phipps said, “We have built a solid foundation of capable associates, operational excellence, and financial strength that underpin our growth strategies. This gives us confidence in our ability to create long-term value for all of our stakeholders.” United Stationers Inc is a leading wholesale distributor of business products, with 2010 net sales of approximately $4.8 billion. The company stocks approximately 100,000 items, including technology products, traditional office products, janitorial and breakroom supplies, office furniture, and industrial supplies. Read more from Benzinga's Company news.