Acme United (NYSEAMERICAN:ACU) Issues FY 2019 Earnings Guidance

Acme United (NYSEAMERICAN:ACU) issued an update on its FY 2019 earnings guidance on Friday morning. The company provided EPS guidance of $1.41-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.47. The company issued revenue guidance of $140-143 million, compared to the consensus revenue estimate of $141.46 million.

Shares of ACU opened at $20.07 on Friday. Acme United has a 1 year low of $13.50 and a 1 year high of $23.00.

Acme United (NYSEAMERICAN:ACU) last issued its quarterly earnings data on Thursday, April 18th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $31.37 million for the quarter, compared to the consensus estimate of $31.40 million.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Monday, July 1st.

ACU has been the topic of several research reports. Zacks Investment Research cut shares of Hallmark Financial Services from a buy rating to a hold rating in a research report on Thursday. TheStreet cut shares of WESCO International from a b- rating to a c+ rating in a research report on Friday, May 24th.

Acme United Company Profile

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. It offers scissors, shears, rulers, pencil sharpeners, paper trimmers, lettering products, craft products, and safety cutters under the Westcott brand name; and cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand.

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