Acme United (NYSE:ACU) Posts Earnings Results, Beats Expectations By $0.15 EPS

Acme United (NYSE:ACU) posted its quarterly earnings results on Friday. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15, Zacks reports. The business had revenue of $55.43 million during the quarter, compared to analysts’ expectations of $56.50 million. Acme United had a net margin of 9.67% and a return on equity of 9.60%.

Acme United Stock Performance

ACU opened at $38.48 on Monday. The stock has a 50-day moving average of $36.20 and a 200-day moving average of $41.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.90 and a current ratio of 4.51. Acme United has a 52-week low of $24.50 and a 52-week high of $50.99. The company has a market cap of $140.84 million, a PE ratio of 8.02 and a beta of 0.66.

Acme United Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 2nd will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.56%. Acme United’s dividend payout ratio is currently 12.50%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Acme United from a “hold” rating to a “buy” rating in a research note on Saturday.

Insider Buying and Selling

In other Acme United news, COO Brian S. Olschan sold 1,219 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $40.30, for a total transaction of $49,125.70. Following the transaction, the chief operating officer now owns 41,103 shares in the company, valued at $1,656,450.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO Brian S. Olschan sold 1,320 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $42.08, for a total transaction of $55,545.60. Following the completion of the transaction, the chief operating officer now owns 41,103 shares of the company’s stock, valued at approximately $1,729,614.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian S. Olschan sold 1,219 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $40.30, for a total value of $49,125.70. Following the sale, the chief operating officer now owns 41,103 shares of the company’s stock, valued at approximately $1,656,450.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,905 shares of company stock worth $658,194. 34.10% of the stock is currently owned by insiders.

About Acme United

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.