ACCO Brands (ACCO) to Release Quarterly Earnings on Thursday

ACCO Brands (NYSE:ACCO) is set 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings data on Friday, February 23rd. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. The firm had revenue of $488.60 million for the quarter, compared to analysts’ expectations of $476.37 million. ACCO Brands had a negative net margin of 1.19% and a positive return on equity of 12.94%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. 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 Performance

NYSE ACCO traded down $0.04 during trading hours on Tuesday, hitting $4.88. 58,311 shares of the company’s stock traded hands, compared to its average volume of 669,449. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12. ACCO Brands has a 52 week low of $4.30 and a 52 week high of $6.62. The firm has a market capitalization of $466.72 million, a P/E ratio of -20.21, a P/E/G ratio of 0.38 and a beta of 1.64. The business’s fifty day moving average price is $5.38 and its two-hundred day moving average price is $5.57.

ACCO Brands Dividend Announcement

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

Analyst Ratings Changes

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

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.