Acme United (NYSE:ACU) Posts Quarterly Earnings Results

Acme United (NYSE:ACU) issued its quarterly earnings results on Thursday. The company reported $0.41 earnings per share (EPS) for the quarter, RTT News reports. Acme United had a return on equity of 9.70% and a net margin of 10.25%. During the same period in the previous year, the company earned $0.39 earnings per share.

Acme United Price Performance

Shares of ACU stock traded down $2.41 on Thursday, hitting $37.67. 29,920 shares of the company’s stock were exchanged, compared to its average volume of 14,764. The company has a 50 day moving average of $38.62 and a 200 day moving average of $39.56. The stock has a market cap of $141.41 million, a P/E ratio of 7.65 and a beta of 0.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. Acme United has a 12 month low of $32.85 and a 12 month high of $50.00.

Acme United Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, March 26th. Acme United’s payout ratio is presently 24.69%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Acme United from a “hold” rating to a “buy” rating in a research report on Saturday, March 29th.

Acme United Company Profile

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.