Acco Brands (NYSE:ACCO) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Acco Brands (NYSE:ACCO – Free Report) from a buy rating to a strong-buy rating in a report published on Saturday,Wall Street Zen reports.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of Acco Brands from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Barrington Research set a $6.00 price objective on shares of Acco Brands in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.00.

View Our Latest Stock Analysis on ACCO

Acco Brands Stock Performance

NYSE:ACCO opened at $5.48 on Friday. The stock has a market cap of $505.86 million, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 1.04 and a beta of 1.20. The firm’s fifty day simple moving average is $4.38 and its 200 day simple moving average is $3.96. Acco Brands has a twelve month low of $2.81 and a twelve month high of $5.50. The company has a quick ratio of 1.22, a current ratio of 1.97 and a debt-to-equity ratio of 1.30.

Acco Brands (NYSE:ACCO – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Acco Brands had a net margin of 4.23% and a return on equity of 13.54%. The business had revenue of $380.30 million for the quarter, compared to the consensus estimate of $383.70 million. As a group, research analysts predict that Acco Brands will post 1.00 EPS for the current year.

Acco Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 20th will be paid a $0.0750 dividend. This represents a $0.30 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, November 20th. Acco Brands’s dividend payout ratio is presently 48.39%.

Hedge Funds Weigh In On Acco Brands

A number of institutional investors have recently added to or reduced their stakes in the company. Blueprint Investment Partners LLC bought a new position in shares of Acco Brands in the 3rd quarter worth about $416,000. Blueprint Financial Advisors LLC purchased a new position in Acco Brands during the 3rd quarter valued at about $416,000. Signaturefd LLC boosted its stake in Acco Brands by 127.0% during the third quarter. Signaturefd LLC now owns 24,092 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 13,478 shares in the last quarter. Simplicity Wealth LLC bought a new stake in Acco Brands during the third quarter worth about $336,000. Finally, Burns Matteson Capital Management LLC bought a new stake in Acco Brands during the third quarter worth about $52,000. Institutional investors own 84.56% of the company’s stock.

Key Acco Brands News

Here are the key news stories impacting Acco Brands this week:

  • Positive Sentiment: Adjusted earnings beat expectations. ACCO reported third-quarter adjusted EPS of $0.28, well above the $0.19 analyst consensus and up from $0.21 a year earlier. Operating income increased to $30.3 million from $26.0 million. ACCO Brands Tops Q3 Earnings Estimates
  • Positive Sentiment: Guidance was raised. ACCO now expects full-year reported sales growth of 4% to 6% and adjusted EPS of $0.98 to $1.02. The outlook includes a $0.12-per-share benefit from tariff refunds, while the Trust acquisition is expected to provide additional sales growth. ACCO Brands Third-Quarter Earnings Results
  • Positive Sentiment: Tariff refunds and the Trust acquisition boosted the outlook. Net tariff refunds contributed $15.1 million to third-quarter operating income, or $0.11 per diluted share. ACCO also completed its Trust acquisition on October 1, expanding the company’s growth platform. Year-to-date free cash flow was $89 million, and cash totaled $174.7 million at quarter-end. ACCO Brands Reports Third-Quarter Results and Closes Trust Acquisition
  • Neutral Sentiment: Underlying sales were largely flat. Revenue declined 0.9% year over year to $380.3 million and was slightly below the $383.7 million consensus estimate. This suggests that the earnings beat and improved outlook were driven partly by cost performance, tariff refunds and acquisition benefits rather than broad organic sales growth. ACCO Brands Reports Third-Quarter Sales and EPS
  • Negative Sentiment: Some investors may view the earnings quality as less durable. The quarter benefited materially from one-time tariff refunds, while ACCO carries meaningful leverage with a debt-to-equity ratio of 1.30. A recent insider share sale also provides a modest cautionary signal, although it does not establish a broader change in management’s outlook.

About Acco Brands

(Get Free Report)

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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