ACCO Brands Co. (NYSE:ACCO) Expected to Announce Earnings of $0.34 Per Share
Wall Street analysts forecast that ACCO Brands Co. (NYSE:ACCO) will announce $0.34 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for ACCO Brands’ earnings. The highest EPS estimate is $0.36 and the lowest is $0.32. ACCO Brands also reported earnings of $0.34 per share during the same quarter last year. The firm is expected to announce its next quarterly earnings report on Tuesday, October 29th.
On average, analysts expect that ACCO Brands will report full year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.20. For the next fiscal year, analysts anticipate that the company will report earnings of $1.34 per share, with EPS estimates ranging from $1.30 to $1.41. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow ACCO Brands.
ACCO Brands (NYSE:ACCO) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The business had revenue of $518.70 million during the quarter, compared to analyst estimates of $493.89 million. ACCO Brands had a return on equity of 16.06% and a net margin of 5.43%. ACCO Brands’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS.
NYSE:ACCO traded up $0.05 during trading hours on Friday, hitting $10.07. 460,157 shares of the company were exchanged, compared to its average volume of 578,530. The stock has a market capitalization of $934.02 million, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 1.14 and a beta of 1.85. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 1.46. ACCO Brands has a one year low of $6.07 and a one year high of $12.40. The company has a fifty day simple moving average of $9.28 and a 200 day simple moving average of $8.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 23rd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, August 22nd. ACCO Brands’s dividend payout ratio (DPR) is presently 21.05%.
In other news, SVP Gregory J. Mccormack sold 10,872 shares of ACCO Brands stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $9.55, for a total value of $103,827.60. Following the completion of the transaction, the senior vice president now directly owns 108,302 shares of the company’s stock, valued at approximately $1,034,284.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Patrick Buchenroth sold 21,520 shares of ACCO Brands stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $9.86, for a total value of $212,187.20. Following the completion of the transaction, the vice president now directly owns 93,957 shares of the company’s stock, valued at $926,416.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 304,539 shares of company stock valued at $2,876,810. Corporate insiders own 4.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of ACCO. UBS Asset Management Americas Inc. boosted its stake in ACCO Brands by 1.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 91,578 shares of the industrial products company’s stock valued at $721,000 after purchasing an additional 1,375 shares during the last quarter. Hancock Whitney Corp boosted its stake in ACCO Brands by 2.6% during the 2nd quarter. Hancock Whitney Corp now owns 78,362 shares of the industrial products company’s stock valued at $617,000 after purchasing an additional 2,005 shares during the last quarter. James Investment Research Inc. boosted its stake in ACCO Brands by 2.1% during the 2nd quarter. James Investment Research Inc. now owns 128,888 shares of the industrial products company’s stock valued at $1,014,000 after purchasing an additional 2,663 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in ACCO Brands by 138.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,642 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 2,697 shares during the last quarter. Finally, Swiss National Bank boosted its stake in ACCO Brands by 1.5% during the 2nd quarter. Swiss National Bank now owns 190,200 shares of the industrial products company’s stock valued at $1,497,000 after purchasing an additional 2,900 shares during the last quarter. 94.55% of the stock is owned by hedge funds and other institutional investors.
ACCO Brands Company Profile
ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.
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