ACCO Brands Co. (NYSE:ACCO) Expected to Announce Earnings of $0.01 Per Share

Wall Street analysts expect that ACCO Brands Co. (NYSE:ACCO) will post $0.01 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ACCO Brands’ earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at ($0.03). ACCO Brands posted earnings per share of $0.36 during the same quarter last year, which indicates a negative year-over-year growth rate of 97.2%. The company is expected to issue its next earnings results on Tuesday, August 4th.

On average, analysts expect that ACCO Brands will report full-year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.46 to $0.66. For the next fiscal year, analysts expect that the firm will post earnings of $1.05 per share, with EPS estimates ranging from $0.82 to $1.30. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover ACCO Brands.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). ACCO Brands had a net margin of 5.93% and a return on equity of 15.79%. The business had revenue of $384.10 million for the quarter, compared to the consensus estimate of $395.58 million. During the same quarter in the prior year, the business posted $0.08 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year.

A number of research analysts recently issued reports on the stock. Barrington Research lowered their target price on shares of ACCO Brands from $13.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. They noted that the move was a valuation call. ValuEngine lowered shares of ACCO Brands from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Zacks Investment Research upgraded shares of ACCO Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, TheStreet lowered shares of ACCO Brands from a “b-” rating to a “c+” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.58.

NYSE:ACCO traded down $0.04 during midday trading on Monday, reaching $6.56. The stock had a trading volume of 535,135 shares, compared to its average volume of 557,689. ACCO Brands has a 1-year low of $3.51 and a 1-year high of $11.38. The firm’s fifty day simple moving average is $6.35 and its 200-day simple moving average is $7.59. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.57 and a quick ratio of 0.95. The stock has a market capitalization of $623.45 million, a P/E ratio of 5.74, a PEG ratio of 1.65 and a beta of 2.12.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Wednesday, May 27th will be given a $0.065 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $0.26 annualized dividend and a yield of 3.96%. ACCO Brands’s dividend payout ratio is 21.67%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of ACCO Brands during the 4th quarter worth about $18,446,000. Assenagon Asset Management S.A. lifted its holdings in shares of ACCO Brands by 1,943.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 417,900 shares of the industrial products company’s stock worth $2,110,000 after acquiring an additional 397,452 shares during the period. AQR Capital Management LLC lifted its holdings in shares of ACCO Brands by 418.9% during the 4th quarter. AQR Capital Management LLC now owns 386,414 shares of the industrial products company’s stock worth $3,617,000 after acquiring an additional 311,949 shares during the period. Mackay Shields LLC bought a new position in shares of ACCO Brands during the 1st quarter worth about $1,451,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of ACCO Brands by 72.9% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 563,185 shares of the industrial products company’s stock worth $5,271,000 after acquiring an additional 237,550 shares during the period. Institutional investors own 89.91% of the company’s stock.

About ACCO Brands

ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.

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Earnings History and Estimates for ACCO Brands (NYSE:ACCO)

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