ACCO Brands (ACCO) to Release Quarterly Earnings on Thursday

ACCO Brands (NYSE:ACCO) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Friday, February 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. ACCO Brands had a negative net margin of 1.19% and a positive return on equity of 12.94%. The business had revenue of $488.60 million during the quarter, compared to the consensus estimate of $476.37 million. During the same quarter last year, the firm posted $0.32 EPS. ACCO Brands’s revenue was down 2.2% compared to the same quarter last year. On average, analysts expect ACCO Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ACCO Brands Stock Performance

ACCO opened at $4.91 on Thursday. ACCO Brands has a 1-year low of $4.30 and a 1-year high of $6.62. The company has a market cap of $469.11 million, a price-to-earnings ratio of -20.44, a PEG ratio of 0.39 and a beta of 1.64. The company’s fifty day moving average price is $5.51 and its two-hundred day moving average price is $5.58. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12.

ACCO Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 15th were issued a $0.075 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.12%. ACCO Brands’s dividend payout ratio is presently -125.00%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACCO. StockNews.com lowered ACCO Brands from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Barrington Research reiterated an “outperform” rating and set a $7.50 price target on shares of ACCO Brands in a report on Thursday, February 29th.

About ACCO Brands

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.