Zacks: Analysts Expect ACCO Brands Co. (NYSE:ACCO) Will Post Quarterly Sales of $356.15 Million

Wall Street brokerages forecast that ACCO Brands Co. (NYSE:ACCO) will announce $356.15 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for ACCO Brands’ earnings. The highest sales estimate is $363.09 million and the lowest is $349.20 million. ACCO Brands reported sales of $518.70 million in the same quarter last year, which would suggest a negative year over year growth rate of 31.3%. The firm is scheduled to report its next earnings report on Tuesday, August 4th.

On average, analysts expect that ACCO Brands will report full year sales of $1.64 billion for the current financial year, with estimates ranging from $1.58 billion to $1.69 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.82 billion, with estimates ranging from $1.76 billion to $1.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover ACCO Brands.

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

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

Several large investors have recently made changes to their positions in ACCO. AJO LP purchased a new stake in shares of ACCO Brands in the 1st quarter valued at approximately $63,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of ACCO Brands in the 1st quarter valued at approximately $71,000. Great West Life Assurance Co. Can purchased a new stake in shares of ACCO Brands in the 4th quarter valued at approximately $76,000. Balyasny Asset Management LLC purchased a new stake in shares of ACCO Brands in the 1st quarter valued at approximately $82,000. Finally, Arizona State Retirement System purchased a new stake in shares of ACCO Brands in the 1st quarter valued at approximately $115,000. 89.91% of the stock is currently owned by institutional investors.

Shares of ACCO stock traded down $0.04 during trading hours on Wednesday, hitting $6.56. The company had a trading volume of 535,135 shares, compared to its average volume of 557,689. The company’s fifty day moving average is $6.35 and its 200 day 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. ACCO Brands has a fifty-two week low of $3.51 and a fifty-two week high of $11.38. The stock has a market capitalization of $623.45 million, a PE ratio of 5.74, a price-to-earnings-growth ratio of 1.65 and a beta of 2.12.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.26 dividend on an annualized basis and a yield of 3.96%. ACCO Brands’s dividend payout ratio (DPR) is presently 21.67%.

ACCO Brands Company Profile

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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