Acme United (ACU) Set to Announce Earnings on Friday

Acme United (NYSE:ACU) will be releasing its earnings data on Friday, April 19th.

Acme United (NYSE:ACU) last released its quarterly earnings data on Friday, March 1st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.15). Acme United had a net margin of 9.29% and a return on equity of 9.38%. The business had revenue of $41.94 million during the quarter.

Acme United Stock Down 2.6 %

ACU stock opened at $42.76 on Thursday. The company has a current ratio of 3.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.24. Acme United has a 1 year low of $23.24 and a 1 year high of $50.99. The company has a fifty day simple moving average of $44.70 and a 200 day simple moving average of $40.57. The firm has a market cap of $155.86 million, a PE ratio of 9.12 and a beta of 0.74.

Acme United Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Thursday, March 28th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, March 27th. Acme United’s payout ratio is presently 12.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC acquired a new position in Acme United during the 3rd quarter worth $25,000. UBS Group AG acquired a new position in Acme United during the 3rd quarter worth $34,000. Northern Trust Corp bought a new position in shares of Acme United during the 4th quarter worth about $245,000. BlackRock Inc. increased its holdings in shares of Acme United by 9.4% during the 2nd quarter. BlackRock Inc. now owns 6,192 shares of the company’s stock worth $154,000 after purchasing an additional 531 shares during the period. Finally, Envestnet Asset Management Inc. bought a new position in shares of Acme United during the 2nd quarter worth about $205,000. Institutional investors and hedge funds own 62.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ACU. StockNews.com lowered shares of Acme United from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. TheStreet raised shares of Acme United from a “c+” rating to a “b” rating in a research report on Wednesday, February 14th.

About Acme United

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.