ACCO Brands (NYSE:ACCO – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Analysis on ACCO
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.
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