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.
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