News coverage about ACCO Brands (NYSE:ACCO) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. ACCO Brands earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.3627040226761 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- ACCO Brands Co. (ACCO) Expected to Post Quarterly Sales of $384.97 Million (americanbankingnews.com)
- Head-To-Head Analysis: ACCO Brands (ACCO) vs. Its Peers (americanbankingnews.com)
- Analysts Expect ACCO Brands Co. (ACCO) Will Post Earnings of $0.06 Per Share (americanbankingnews.com)
- Financial Review: Superior Uniform Group (SGC) versus ACCO Brands (ACCO) (americanbankingnews.com)
- Free Research Report as ACCO’s Quarterly Sales Surged 30% and Adjusted EPS Soared 50% (finance.yahoo.com)
Several equities research analysts have issued reports on the company. ValuEngine raised ACCO Brands from a “hold” rating to a “buy” rating in a research note on Saturday, March 17th. Zacks Investment Research upgraded ACCO Brands from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, March 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $15.33.
ACCO Brands (NYSE:ACCO) last released its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $566.80 million for the quarter, compared to analysts’ expectations of $563.27 million. ACCO Brands had a return on equity of 17.97% and a net margin of 6.76%. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. sell-side analysts forecast that ACCO Brands will post 1.35 earnings per share for the current year.
ACCO Brands announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 14th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.
The business also recently announced a Not Available dividend, which was paid on Wednesday, March 21st. Shareholders of record on Thursday, March 1st were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, February 28th. ACCO Brands’s dividend payout ratio is presently 20.00%.
In other news, VP Thomas W. Tedford sold 241,266 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $13.36, for a total value of $3,223,313.76. Following the completion of the sale, the vice president now directly owns 190,500 shares in the company, valued at approximately $2,545,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark C. Anderson sold 38,698 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $13.64, for a total value of $527,840.72. Following the completion of the sale, the senior vice president now owns 75,756 shares of the company’s stock, valued at approximately $1,033,311.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 451,058 shares of company stock valued at $6,058,908. Company insiders own 4.50% of the company’s stock.
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About ACCO Brands
ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.
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