Brokerages Anticipate ACCO Brands Co. (ACCO) to Post $0.36 EPS

Equities analysts predict that ACCO Brands Co. (NYSE:ACCO) will announce $0.36 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for ACCO Brands’ earnings, with estimates ranging from $0.35 to $0.36. ACCO Brands posted earnings of $0.35 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The company is scheduled to announce its next earnings results before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that ACCO Brands will report full-year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.35. For the next year, analysts expect that the business will post earnings of $1.47 per share, with EPS estimates ranging from $1.42 to $1.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow ACCO Brands.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). ACCO Brands had a return on equity of 17.95% and a net margin of 7.02%. The company had revenue of $498.80 million during the quarter, compared to the consensus estimate of $493.85 million. During the same quarter in the previous year, the business posted $0.31 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis.

ACCO has been the topic of a number of recent analyst reports. Barrington Research reiterated a “buy” rating and issued a $16.00 target price on shares of ACCO Brands in a research report on Thursday, June 14th. Zacks Investment Research cut ACCO Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, June 19th. Noble Financial reiterated a “buy” rating and issued a $15.00 target price on shares of ACCO Brands in a research report on Monday, August 6th. Finally, ValuEngine cut ACCO Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.40.

Shares of NYSE ACCO traded up $0.19 during mid-day trading on Wednesday, reaching $10.93. The company had a trading volume of 21,607 shares, compared to its average volume of 499,083. ACCO Brands has a one year low of $10.63 and a one year high of $14.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.15 and a current ratio of 1.74. The stock has a market capitalization of $1.21 billion, a P/E ratio of 9.18, a PEG ratio of 0.85 and a beta of 1.21.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 19th. Stockholders of record on Friday, August 31st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, August 30th. ACCO Brands’s dividend payout ratio (DPR) is currently 20.17%.

In other news, SVP Gregory J. Mccormack sold 15,678 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $12.42, for a total transaction of $194,720.76. Following the sale, the senior vice president now directly owns 81,079 shares in the company, valued at $1,007,001.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ACCO. Mount Yale Investment Advisors LLC bought a new stake in shares of ACCO Brands during the first quarter worth about $124,000. Sun Life Financial INC bought a new stake in shares of ACCO Brands during the second quarter worth about $140,000. Koch Industries Inc. bought a new stake in shares of ACCO Brands during the first quarter worth about $153,000. Highbridge Capital Management LLC bought a new stake in shares of ACCO Brands during the first quarter worth about $155,000. Finally, Bayesian Capital Management LP bought a new stake in shares of ACCO Brands during the first quarter worth about $170,000. Institutional investors own 89.54% of the company’s stock.

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, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

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