ACCO Brands FY2025 EPS Forecast Lifted by Noble Financial

ACCO Brands Co. (NYSE:ACCO) – Noble Financial boosted their FY2025 earnings per share (EPS) estimates for ACCO Brands in a research note issued on Monday, May 5th. Noble Financial analyst J. Gomes now anticipates that the industrial products company will earn $1.07 per share for the year, up from their prior forecast of $1.04. The consensus estimate for ACCO Brands’ current full-year earnings is $1.02 per share.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $317.40 million for the quarter, compared to the consensus estimate of $318.75 million. ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%.

ACCO has been the topic of a number of other reports. StockNews.com downgraded ACCO Brands from a “buy” rating to a “hold” rating in a research report on Tuesday. Barrington Research decreased their price target on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th.

ACCO Brands Stock Up 3.3 %

Shares of ACCO Brands stock opened at $3.58 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The company has a market cap of $322.10 million, a P/E ratio of -3.37, a PEG ratio of 0.37 and a beta of 1.36. The firm’s 50 day moving average price is $4.11 and its 200-day moving average price is $4.96. ACCO Brands has a 52-week low of $3.41 and a 52-week high of $6.44.

Institutional Investors Weigh In On ACCO Brands

A number of large investors have recently bought and sold shares of ACCO. Cetera Investment Advisers raised its position in ACCO Brands by 40.8% during the 1st quarter. Cetera Investment Advisers now owns 62,726 shares of the industrial products company’s stock worth $263,000 after buying an additional 18,179 shares during the last quarter. Readystate Asset Management LP lifted its position in ACCO Brands by 25.3% during the first quarter. Readystate Asset Management LP now owns 726,498 shares of the industrial products company’s stock valued at $3,044,000 after purchasing an additional 146,600 shares during the period. Capital Management Corp VA boosted its holdings in ACCO Brands by 27.5% in the first quarter. Capital Management Corp VA now owns 4,552,770 shares of the industrial products company’s stock valued at $19,076,000 after purchasing an additional 980,910 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in ACCO Brands during the 1st quarter worth about $543,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of ACCO Brands by 273.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 61,543 shares of the industrial products company’s stock valued at $258,000 after buying an additional 45,057 shares during the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

ACCO Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 23rd will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date is Friday, May 23rd. ACCO Brands’s dividend payout ratio is presently -26.55%.

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.