Equities analysts expect ACCO Brands Co. (NYSE:ACCO) to announce sales of $494.59 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for ACCO Brands’ earnings, with the lowest sales estimate coming in at $483.80 million and the highest estimate coming in at $510.77 million. ACCO Brands reported sales of $498.80 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.8%. The business is scheduled to issue its next earnings report on Tuesday, July 30th.
On average, analysts expect that ACCO Brands will report full year sales of $1.92 billion for the current financial year, with estimates ranging from $1.91 billion to $1.94 billion. For the next year, analysts anticipate that the company will post sales of $1.92 billion, with estimates ranging from $1.91 billion to $1.93 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow ACCO Brands.
ACCO Brands (NYSE:ACCO) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $393.90 million during the quarter, compared to analysts’ expectations of $391.71 million. ACCO Brands had a net margin of 4.96% and a return on equity of 15.99%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS.
Several brokerages have recently issued reports on ACCO. ValuEngine raised shares of ACCO Brands from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 20th. Zacks Investment Research lowered shares of ACCO Brands from a “hold” rating to a “strong sell” rating in a research note on Friday, February 15th. Barrington Research reduced their target price on shares of ACCO Brands from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, February 14th. Finally, Noble Financial set a $14.00 target price on shares of ACCO Brands and gave the company a “buy” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.25.
Hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP boosted its stake in ACCO Brands by 45.8% during the 4th quarter. Royce & Associates LP now owns 4,635 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 1,457 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in ACCO Brands by 138.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,642 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 2,697 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in ACCO Brands by 23.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 13,338 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 2,507 shares during the last quarter. Abacus Planning Group Inc. bought a new position in ACCO Brands during the 1st quarter worth approximately $88,000. Finally, Oppenheimer & Co. Inc. boosted its stake in ACCO Brands by 17.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 13,468 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 2,032 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors.
ACCO traded up $0.12 during midday trading on Monday, hitting $7.80. The company had a trading volume of 13,419 shares, compared to its average volume of 612,254. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $799.36 million, a PE ratio of 6.81, a PEG ratio of 0.67 and a beta of 1.90. ACCO Brands has a twelve month low of $6.07 and a twelve month high of $14.63.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Friday, May 24th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, May 23rd. ACCO Brands’s dividend payout ratio (DPR) is presently 21.05%.
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, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.
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