Acme United (NYSEAMERICAN:ACU) Releases Earnings Results, Beats Expectations By $0.04 EPS

Acme United (NYSEAMERICAN:ACU) issued its quarterly earnings data on Friday, October 18th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04, Bloomberg Earnings reports. The business had revenue of $37.00 million during the quarter. Acme United updated its FY 2019 guidance to $1.48-1.48 EPS.

NYSEAMERICAN ACU traded down $0.27 on Friday, hitting $20.56. The stock had a trading volume of 1,500 shares, compared to its average volume of 12,032. The firm has a 50-day moving average of $20.33 and a 200-day moving average of $19.98. Acme United has a 52-week low of $13.50 and a 52-week high of $22.87.

The company also recently announced a — dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were paid a $0.12 dividend. This represents a yield of 2.4%. The ex-dividend date was Monday, September 30th.

Separately, Zacks Investment Research lowered shares of Acme United from a “buy” rating to a “hold” rating in a report on Thursday, July 18th.

Acme United Company Profile

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. It offers scissors, shears, rulers, pencil sharpeners, paper trimmers, lettering products, craft products, and safety cutters under the Westcott brand name; and cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand.

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Earnings History for Acme United (NYSEAMERICAN:ACU)

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