Acco Brands (NYSE:ACCO – Get Free Report) issued its quarterly earnings results on Thursday. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09, FiscalAI reports. Acco Brands had a return on equity of 12.57% and a net margin of 3.74%. The firm had revenue of $380.30 million during the quarter, compared to analyst estimates of $383.70 million.
Acco Brands Price Performance
ACCO traded up $0.71 on Friday, reaching $5.08. 1,595,088 shares of the company’s stock were exchanged, compared to its average volume of 853,697. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.97 and a quick ratio of 1.22. The stock’s fifty day moving average price is $4.36 and its 200-day moving average price is $3.95. Acco Brands has a twelve month low of $2.81 and a twelve month high of $5.46. The stock has a market cap of $468.46 million, a PE ratio of 8.19, a P/E/G ratio of 0.82 and a beta of 1.20.
Acco Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, November 20th. Acco Brands’s payout ratio is 48.39%.
Wall Street Analyst Weigh In
ACCO has been the topic of several analyst reports. Wall Street Zen lowered shares of Acco Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Acco Brands from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Finally, Barrington Research set a $6.00 target price on Acco Brands in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.00.
Check Out Our Latest Analysis on Acco Brands
Acco Brands Company Profile
ACCO Brands Corporation is a global manufacturer and marketer of consumer and office products. Its portfolio includes supplies and equipment used in workplaces, schools and homes, as well as products designed to support organization, productivity and personal technology.
The company’s brands include Swingline, Kensington, Mead, Five Star, GBC, Quartet and Esselte. Its products include staplers, punches, shredders, laminators, binding systems, presentation supplies, notebooks, planners, backpacks, computer accessories and other workspace and school supplies.
ACCO Brands traces its history to the American Clip Company, founded in 1903.
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