Acco Brands Corporation (ACCO) Earning Somewhat Positive Press Coverage, Study Shows

Media stories about Acco Brands Corporation (NYSE:ACCO) have been trending somewhat positive on Sunday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Acco Brands Corporation earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 33 out of 100, meaning that recent press coverage is unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

Shares of Acco Brands Corporation (NYSE:ACCO) traded up 1.40% during trading on Friday, reaching $10.90. The company’s stock had a trading volume of 663,973 shares. Acco Brands Corporation has a 12 month low of $9.06 and a 12 month high of $14.75. The stock’s 50 day moving average price is $11.69 and its 200-day moving average price is $12.57. The firm has a market cap of $1.19 billion, a PE ratio of 21.71 and a beta of 1.30.

Acco Brands Corporation (NYSE:ACCO) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Acco Brands Corporation had a net margin of 3.25% and a return on equity of 15.03%. The firm had revenue of $490 million for the quarter, compared to analysts’ expectations of $497.17 million. During the same quarter last year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities analysts predict that Acco Brands Corporation will post $1.10 EPS for the current year.

A number of brokerages have weighed in on ACCO. ValuEngine downgraded Acco Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Acco Brands Corporation from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday. BidaskClub downgraded Acco Brands Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, BWS Financial reissued a “buy” rating and set a $18.00 price target on shares of Acco Brands Corporation in a research report on Tuesday, July 4th.

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In related news, SVP Kathy D. Schnaedter sold 68,653 shares of Acco Brands Corporation stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $11.26, for a total value of $773,032.78. Following the sale, the senior vice president now owns 68,655 shares of the company’s stock, valued at approximately $773,055.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

About Acco Brands Corporation

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.

Insider Buying and Selling by Quarter for Acco Brands Corporation (NYSE:ACCO)

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