ACCO Brands (ACCO) to Release Earnings on Thursday

ACCO Brands (NYSE:ACCO) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect ACCO Brands to post earnings of $0.02 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

ACCO Brands (NYSE:ACCO) last released its earnings results on Friday, February 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. ACCO Brands had a positive return on equity of 12.94% and a negative net margin of 1.19%. The company had revenue of $488.60 million during the quarter, compared to analyst estimates of $476.37 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts expect ACCO Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ACCO Brands Stock Down 0.8 %

NYSE ACCO traded down $0.04 during trading on Tuesday, reaching $4.88. 58,311 shares of the company’s stock were exchanged, compared to its average volume of 669,449. The firm has a market capitalization of $466.72 million, a PE ratio of -20.21, a P/E/G ratio of 0.38 and a beta of 1.64. ACCO Brands has a fifty-two week low of $4.30 and a fifty-two week high of $6.62. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12. The company’s fifty day simple moving average is $5.38 and its 200-day simple moving average is $5.57.

ACCO Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 17th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.30 dividend on an annualized basis and a yield of 6.15%. ACCO Brands’s payout ratio is -125.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com lowered ACCO Brands from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th. Barrington Research reiterated an “outperform” rating and issued a $7.50 target price on shares of ACCO Brands in a research note on Thursday, February 29th.

ACCO Brands Company Profile

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, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.