ACCO Brands (ACCO) to Release Quarterly Earnings on Thursday

ACCO Brands (NYSE:ACCO) will be announcing its earnings results after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.31 per share for the quarter. ACCO Brands has set its FY 2024 guidance at 1.020-1.070 EPS and its Q2 2024 guidance at 0.300-0.330 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

ACCO Brands (NYSE:ACCO) last posted its earnings results on Friday, May 3rd. The industrial products company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. ACCO Brands had a positive return on equity of 12.42% and a negative net margin of 1.36%. The business had revenue of $358.90 million for the quarter, compared to analyst estimates of $371.80 million. During the same period in the previous year, the firm earned $0.09 EPS. The firm’s revenue was down 10.9% compared to the same quarter last year. 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 up $0.01 during mid-day trading on Tuesday, reaching $5.15. 134,610 shares of the company’s stock were exchanged, compared to its average volume of 640,604. The business’s fifty day simple moving average is $4.84 and its two-hundred day simple moving average is $5.31. ACCO Brands has a one year low of $4.46 and a one year high of $6.62. The firm has a market capitalization of $492.34 million, a PE ratio of -19.04, a price-to-earnings-growth ratio of 0.41 and a beta of 1.62. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.95 and a current ratio of 1.69.

ACCO Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 16th will be given a dividend of $0.075 per share. The ex-dividend date is Friday, August 16th. This represents a $0.30 annualized dividend and a yield of 5.83%. ACCO Brands’s dividend payout ratio is -111.11%.

Insider Activity at ACCO Brands

In related news, SVP Angela Y. Jones sold 15,000 shares of ACCO Brands stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $4.96, for a total value of $74,400.00. Following the transaction, the senior vice president now owns 18,621 shares in the company, valued at approximately $92,360.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com raised ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday, June 22nd. Barrington Research decreased their price objective on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a report on Thursday, June 6th.

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.