Barrington Research Analysts Decrease Earnings Estimates for ACCO Brands Co. (NYSE:ACCO)

ACCO Brands Co. (NYSE:ACCOGet Rating) – Research analysts at Barrington Research cut their Q4 2022 EPS estimates for shares of ACCO Brands in a note issued to investors on Tuesday, November 22nd. Barrington Research analyst K. Steinke now anticipates that the industrial products company will post earnings per share of $0.34 for the quarter, down from their prior forecast of $0.36. The consensus estimate for ACCO Brands’ current full-year earnings is $1.06 per share. Barrington Research also issued estimates for ACCO Brands’ FY2023 earnings at $1.20 EPS.

Separately, downgraded ACCO Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, November 16th.

ACCO Brands Price Performance

Shares of NYSE:ACCO opened at $5.48 on Thursday. The firm has a market cap of $516.54 million, a price-to-earnings ratio of 28.84, a P/E/G ratio of 0.43 and a beta of 1.76. ACCO Brands has a 1 year low of $4.27 and a 1 year high of $9.00. The company has a current ratio of 1.82, a quick ratio of 0.96 and a debt-to-equity ratio of 1.34. The business has a fifty day simple moving average of $5.01 and a 200 day simple moving average of $6.15.

Institutional Investors Weigh In On ACCO Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd grew its stake in shares of ACCO Brands by 1,042.2% in the first quarter. Point72 Hong Kong Ltd now owns 3,358 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 3,064 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in ACCO Brands in the 1st quarter worth $30,000. Wipfli Financial Advisors LLC bought a new position in shares of ACCO Brands during the 3rd quarter worth about $28,000. Nisa Investment Advisors LLC raised its position in shares of ACCO Brands by 396.8% during the second quarter. Nisa Investment Advisors LLC now owns 6,135 shares of the industrial products company’s stock valued at $40,000 after buying an additional 4,900 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of ACCO Brands by 36.0% in the first quarter. Great West Life Assurance Co. Can now owns 7,435 shares of the industrial products company’s stock valued at $62,000 after buying an additional 1,968 shares during the period. 87.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Roxanne M. Bernstein purchased 10,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was bought at an average price of $5.64 per share, for a total transaction of $56,400.00. Following the purchase, the executive vice president now owns 20,000 shares in the company, valued at approximately $112,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.10% of the stock is currently owned by corporate insiders.

ACCO Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 25th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.47%. The ex-dividend date is Wednesday, November 23rd. ACCO Brands’s payout ratio is presently 157.90%.

About ACCO Brands

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ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, calendars, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.

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Earnings History and Estimates for ACCO Brands (NYSE:ACCO)

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