Acme United Co. Forecasted to Earn Q1 2018 Earnings of $0.18 Per Share (ACU)
Acme United Co. (NYSEAMERICAN:ACU) – DA Davidson issued their Q1 2018 earnings estimates for shares of Acme United in a report released on Tuesday. DA Davidson analyst A. Burns expects that the company will post earnings of $0.18 per share for the quarter. DA Davidson also issued estimates for Acme United’s Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $1.53 EPS and FY2019 earnings at $1.79 EPS.
Separately, Zacks Investment Research upgraded shares of Acme United from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 20th.
Acme United (NYSEAMERICAN:ACU) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). Acme United had a return on equity of 9.64% and a net margin of 3.56%. The company had revenue of $30.17 million for the quarter, compared to analysts’ expectations of $32.60 million.
A number of large investors have recently modified their holdings of the business. Moors & Cabot Inc. bought a new position in Acme United during the fourth quarter worth about $226,000. Royce & Associates LP boosted its position in Acme United by 8.9% during the fourth quarter. Royce & Associates LP now owns 141,363 shares of the company’s stock worth $3,308,000 after purchasing an additional 11,498 shares during the period. QCI Asset Management Inc. NY bought a new position in Acme United during the fourth quarter worth about $234,000. Mork Capital Management LLC boosted its position in Acme United by 50.0% during the fourth quarter. Mork Capital Management LLC now owns 60,000 shares of the company’s stock worth $1,404,000 after purchasing an additional 20,000 shares during the period. Finally, Capital Management Corp VA boosted its position in Acme United by 118.0% during the fourth quarter. Capital Management Corp VA now owns 150,777 shares of the company’s stock worth $3,528,000 after purchasing an additional 81,610 shares during the period.
About Acme United
Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Company operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.
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