Acme United Co. (NYSEMKT:ACU) Set to Announce Quarterly Earnings on Thursday

Acme United Co. (NYSEMKT:ACU) will issue its quarterly earnings data on Thursday, July 20th. Analysts expect the company to announce earnings of $0.96 per share for the quarter.

Acme United (NYSEMKT:ACU) last announced its quarterly earnings data on Thursday, April 20th. The company reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. Acme United had a return on equity of 5.70% and a net margin of 2.38%. The company had revenue of $27.75 million during the quarter, compared to the consensus estimate of $27.60 million. On average, analysts expect Acme United to post $1.76 EPS for the current fiscal year and $1.96 EPS for the next fiscal year.

Shares of Acme United Co. (NYSEMKT:ACU) opened at 28.00 on Tuesday. The firm has a 50 day moving average price of $27.39 and a 200-day moving average price of $26.23. The company has a market cap of $93.91 million, a P/E ratio of 16.97 and a beta of 0.53. Acme United Co. has a 12 month low of $18.42 and a 12 month high of $29.49.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 3rd. Stockholders of record on Thursday, July 20th will be given a $0.11 dividend. This is an increase from Acme United’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $0.44 annualized dividend and a dividend yield of 1.57%. Acme United’s dividend payout ratio is presently 26.32%.

In related news, COO Brian S. Olschan sold 3,010 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $28.07, for a total transaction of $84,490.70. Following the sale, the chief operating officer now owns 40,263 shares of the company’s stock, valued at $1,130,182.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Walter C. Johnsen sold 1,393 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $27.51, for a total value of $38,321.43. Following the sale, the chief executive officer now directly owns 306,899 shares in the company, valued at approximately $8,442,791.49. The disclosure for this sale can be found here. Insiders have sold 11,440 shares of company stock worth $318,213 in the last three months.

Separately, Zacks Investment Research raised Acme United from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st.

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About Acme United

Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Company operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.

Earnings History for Acme United (NYSEMKT:ACU)

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