Equities research analysts expect ACCO Brands Co. (NYSE:ACCO) to post sales of $391.00 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for ACCO Brands’ earnings, with the lowest sales estimate coming in at $381.50 million and the highest estimate coming in at $402.96 million. ACCO Brands posted sales of $405.80 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.6%. The business is scheduled to report its next earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that ACCO Brands will report full year sales of $1.92 billion for the current year, with estimates ranging from $1.91 billion to $1.94 billion. For the next year, analysts expect that the business will post sales of $1.92 billion, with estimates ranging from $1.91 billion to $1.93 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow ACCO Brands.

ACCO Brands (NYSE:ACCO) last announced its earnings results on Wednesday, February 13th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.02). The company had revenue of $529.00 million for the quarter, compared to the consensus estimate of $553.42 million. ACCO Brands had a return on equity of 16.00% and a net margin of 5.50%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 earnings per share.

Several research analysts have recently weighed in on ACCO shares. Zacks Investment Research raised ACCO Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. Barrington Research reissued a “buy” rating and issued a $13.00 price objective on shares of ACCO Brands in a research report on Tuesday, February 12th. Finally, ValuEngine raised ACCO Brands from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. ACCO Brands currently has an average rating of “Hold” and a consensus price target of $14.75.

NYSE:ACCO traded up $0.04 during trading hours on Monday, hitting $8.94. 470,256 shares of the company were exchanged, compared to its average volume of 622,651. The firm has a market cap of $904.11 million, a P/E ratio of 7.84, a P/E/G ratio of 0.79 and a beta of 1.84. The company has a quick ratio of 0.90, a current ratio of 1.47 and a debt-to-equity ratio of 1.07. ACCO Brands has a one year low of $6.07 and a one year high of $14.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Friday, March 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, March 14th. ACCO Brands’s dividend payout ratio (DPR) is presently 21.05%.

Several hedge funds have recently bought and sold shares of ACCO. Royce & Associates LP grew its stake in shares of ACCO Brands by 45.8% in the 4th quarter. Royce & Associates LP now owns 4,635 shares of the industrial products company’s stock valued at $31,000 after buying an additional 1,457 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of ACCO Brands by 17.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 13,468 shares of the industrial products company’s stock valued at $91,000 after buying an additional 2,032 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of ACCO Brands by 23.1% in the 4th quarter. Great West Life Assurance Co. Can now owns 13,338 shares of the industrial products company’s stock valued at $87,000 after buying an additional 2,507 shares during the period. First Mercantile Trust Co. grew its stake in shares of ACCO Brands by 13.7% in the 4th quarter. First Mercantile Trust Co. now owns 22,519 shares of the industrial products company’s stock valued at $153,000 after buying an additional 2,710 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of ACCO Brands by 0.4% in the 4th quarter. Nordea Investment Management AB now owns 792,118 shares of the industrial products company’s stock valued at $5,370,000 after buying an additional 3,528 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

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, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

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