Noble Financial Forecasts Higher Earnings for Acco Brands

Acco Brands Corporation (NYSE:ACCO) – Noble Financial upped their FY2026 EPS estimates for Acco Brands in a report released on Monday, November 2nd. Noble Financial analyst J. Gomes now forecasts that the industrial products company will earn $0.97 per share for the year, up from their prior forecast of $0.90. The consensus estimate for Acco Brands’ current full-year earnings is $1.00 per share.

Several other analysts have also recently issued reports on the company. Weiss Ratings upgraded Acco Brands from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Barrington Research set a $6.00 target price on Acco Brands in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised Acco Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Acco Brands presently has a consensus rating of “Hold” and an average price target of $6.00.

Acco Brands Price Performance

NYSE:ACCO opened at $5.49 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.97 and a debt-to-equity ratio of 1.30. The business’s 50-day simple moving average is $4.41 and its two-hundred day simple moving average is $3.97. The stock has a market cap of $506.97 million, a PE ratio of 7.85, a P/E/G ratio of 0.82 and a beta of 1.20. Acco Brands has a 52 week low of $2.81 and a 52 week high of $5.85.

Acco Brands (NYSE:ACCO) last released its earnings results on Thursday, October 29th. The industrial products company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The company had revenue of $380.30 million for the quarter, compared to analysts’ expectations of $383.70 million. Acco Brands had a net margin of 3.74% and a return on equity of 12.57%.

Acco Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 20th will be paid a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, November 20th. Acco Brands’s dividend payout ratio (DPR) is presently 42.86%.

Institutional Trading of Acco Brands

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new stake in Acco Brands during the second quarter valued at approximately $4,291,000. Bank of New York Mellon Corp bought a new stake in shares of Acco Brands in the 2nd quarter valued at approximately $4,079,000. BlackRock Inc. purchased a new position in shares of Acco Brands in the 2nd quarter worth approximately $36,919,000. Empowered Funds LLC purchased a new position in shares of Acco Brands in the 2nd quarter worth approximately $2,290,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Acco Brands in the 2nd quarter worth approximately $1,177,000. 84.56% of the stock is currently owned by institutional investors.

Acco Brands Company Profile

ACCO Brands Corporation is a global manufacturer and marketer of consumer and office products. Its portfolio includes supplies and equipment used in workplaces, schools and homes, as well as products designed to support organization, productivity and personal technology.

The company’s brands include Swingline, Kensington, Mead, Five Star, GBC, Quartet and Esselte. Its products include staplers, punches, shredders, laminators, binding systems, presentation supplies, notebooks, planners, backpacks, computer accessories and other workspace and school supplies.

ACCO Brands traces its history to the American Clip Company, founded in 1903.