ACCO Brands (NYSE:ACCO) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

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ACCO Brands (NYSE:ACCO) announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04, reports. ACCO Brands had a return on equity of 16.06% and a net margin of 5.43%. The business had revenue of $518.70 million during the quarter, compared to the consensus estimate of $493.89 million. During the same period in the prior year, the business posted $0.32 earnings per share. ACCO Brands’s revenue was up 4.0% compared to the same quarter last year. ACCO Brands updated its FY19 guidance to $1.15-1.20 EPS.

Shares of NYSE ACCO opened at $9.45 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.20 and a current ratio of 1.94. The firm has a market cap of $920.80 million, a price-to-earnings ratio of 8.29, a P/E/G ratio of 1.13 and a beta of 1.89. The business’s 50-day simple moving average is $8.39 and its 200-day simple moving average is $8.48. ACCO Brands has a 52 week low of $6.07 and a 52 week high of $12.63.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, August 22nd. ACCO Brands’s dividend payout ratio is 21.05%.

In related news, SVP Ralph Paul Hargrow sold 19,977 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $9.50, for a total transaction of $189,781.50. Following the completion of the sale, the senior vice president now owns 139,441 shares in the company, valued at approximately $1,324,689.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.90% of the company’s stock.

ACCO has been the topic of several recent analyst reports. Zacks Investment Research raised ACCO Brands from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Friday, August 2nd. Barrington Research reissued a “buy” rating and set a $11.00 price target on shares of ACCO Brands in a research report on Wednesday, May 8th. ValuEngine raised ACCO Brands from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Noble Financial reaffirmed a “buy” rating and issued a $14.00 target price on shares of ACCO Brands in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $12.00.

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 for ACCO Brands (NYSE:ACCO)

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