Acme United (NYSE:ACU) Releases Earnings Results, Beats Estimates By $0.03 EPS

Acme United (NYSE:ACU) announced its quarterly earnings results on Friday. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03, reports. The company had revenue of $44.96 million for the quarter, compared to the consensus estimate of $48.50 million. Acme United had a net margin of 9.67% and a return on equity of 9.87%.

Acme United Price Performance

Shares of NYSE ACU traded up $1.41 during mid-day trading on Monday, hitting $39.99. 20,137 shares of the company’s stock traded hands, compared to its average volume of 24,379. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.54 and a quick ratio of 1.41. Acme United has a 1 year low of $23.24 and a 1 year high of $50.99. The company’s 50-day moving average is $44.36 and its two-hundred day moving average is $40.83. The company has a market capitalization of $145.96 million, a P/E ratio of 16.56 and a beta of 0.74.

Acme United Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.50%. Acme United’s payout ratio is currently 12.50%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ACU shares. StockNews.com cut Acme United from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. TheStreet raised Acme United from a “c+” rating to a “b” rating in a research note on Wednesday, February 14th.

Institutional Investors Weigh In On Acme United

Several large investors have recently added to or reduced their stakes in ACU. Janney Montgomery Scott LLC purchased a new position in shares of Acme United in the 3rd quarter worth approximately $371,000. Diamond Hill Capital Management Inc. boosted its stake in Acme United by 21.7% during the third quarter. Diamond Hill Capital Management Inc. now owns 11,000 shares of the company’s stock worth $329,000 after buying an additional 1,959 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Acme United during the third quarter valued at $277,000. Moors & Cabot Inc. purchased a new stake in shares of Acme United in the third quarter valued at $239,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Acme United in the 4th quarter worth about $223,000. 62.10% of the stock is owned by institutional investors.

Acme United Company Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.