ACCO Brands (NYSE:ACCO – Get Free Report) posted its quarterly earnings results on Thursday. The industrial products company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06, Briefing.com reports. The company had revenue of $438.30 million during the quarter, compared to the consensus estimate of $452.73 million. ACCO Brands had a positive return on equity of 12.57% and a negative net margin of 10.15%. The business’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS.
ACCO Brands Stock Performance
ACCO Brands stock traded down $0.33 during trading hours on Friday, reaching $4.65. 986,340 shares of the company were exchanged, compared to its average volume of 485,606. ACCO Brands has a 12 month low of $4.46 and a 12 month high of $6.62. The company has a current ratio of 1.69, a quick ratio of 0.95 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average of $4.84 and a 200 day moving average of $5.29. The firm has a market cap of $444.54 million, a price-to-earnings ratio of -17.22, a PEG ratio of 0.40 and a beta of 1.62.
ACCO Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 16th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date of this dividend is Friday, August 16th. ACCO Brands’s payout ratio is -111.11%.
Insider Activity
Analyst Ratings Changes
Several equities analysts recently weighed in on ACCO shares. Barrington Research cut their price objective on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. StockNews.com lowered shares of ACCO Brands from a “buy” rating to a “hold” rating in a research note on Friday.
Get Our Latest Stock Analysis on ACCO
ACCO Brands Company Profile
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.
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