Equities analysts expect ACCO Brands Co. (NYSE:ACCO) to report sales of $494.59 million for the current quarter, Zacks reports. Five analysts have issued estimates for ACCO Brands’ earnings, with the lowest sales estimate coming in at $483.80 million and the highest estimate coming in at $510.77 million. ACCO Brands reported sales of $498.80 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.8%. The business is expected to announce its next quarterly earnings report on Tuesday, July 30th.
According to Zacks, analysts expect that ACCO Brands will report full-year sales of $1.92 billion for the current fiscal year, with estimates ranging from $1.91 billion to $1.94 billion. For the next year, analysts forecast that the business will report sales of $1.92 billion, with estimates ranging from $1.91 billion to $1.93 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for ACCO Brands.
ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $393.90 million for the quarter, compared to analyst estimates of $391.71 million. ACCO Brands had a return on equity of 15.99% and a net margin of 4.96%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 earnings per share.
Several research firms recently commented on ACCO. Zacks Investment Research lowered ACCO Brands from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Barrington Research reaffirmed a “buy” rating and set a $11.00 target price on shares of ACCO Brands in a report on Wednesday, May 8th. ValuEngine lowered ACCO Brands from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Finally, Noble Financial set a $14.00 target price on ACCO Brands and gave the stock a “buy” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.50.
A number of institutional investors have recently bought and sold shares of ACCO. Royce & Associates LP grew its holdings in ACCO Brands by 45.8% during the fourth quarter. Royce & Associates LP now owns 4,635 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 1,457 shares during the period. PNC Financial Services Group Inc. grew its holdings in ACCO Brands by 138.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,642 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 2,697 shares during the period. Great West Life Assurance Co. Can grew its holdings in ACCO Brands by 23.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 13,338 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 2,507 shares during the period. Abacus Planning Group Inc. acquired a new stake in ACCO Brands in the first quarter valued at approximately $88,000. Finally, Oppenheimer & Co. Inc. grew its holdings in ACCO Brands by 17.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 13,468 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 2,032 shares during the period. 91.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ACCO stock traded up $0.07 during mid-day trading on Friday, reaching $7.83. The stock had a trading volume of 361,772 shares, compared to its average volume of 543,677. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.91 and a current ratio of 1.68. The firm has a market capitalization of $812.63 million, a PE ratio of 6.87, a P/E/G ratio of 0.68 and a beta of 1.82. ACCO Brands has a 1-year low of $6.07 and a 1-year high of $14.63.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 24th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, May 23rd. ACCO Brands’s dividend payout ratio (DPR) is 21.05%.
ACCO Brands Company Profile
ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ACCO Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACCO Brands and related companies with MarketBeat.com's FREE daily email newsletter.