Acco Brands (NYSE:ACCO) Announces Earnings Results

Acco Brands (NYSE:ACCO) posted its quarterly earnings data on Thursday. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09, FiscalAI reports. Acco Brands had a net margin of 3.74% and a return on equity of 12.57%. The company had revenue of $380.30 million for the quarter, compared to the consensus estimate of $383.70 million.

Acco Brands Stock Performance

NYSE:ACCO remained flat at $4.38 during trading hours on Thursday. 823,150 shares of the company’s stock traded hands, compared to its average volume of 851,320. The stock has a market cap of $404.32 million, a P/E ratio of 7.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.20. Acco Brands has a 1 year low of $2.81 and a 1 year high of $4.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.22 and a current ratio of 1.97. The firm has a 50 day moving average price of $4.36 and a 200 day moving average price of $3.95.

Acco Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 20th will be paid a $0.0750 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.8%. Acco Brands’s dividend payout ratio is 48.39%.

Wall Street Analyst Weigh In

ACCO has been the topic of several analyst reports. Wall Street Zen lowered shares of Acco Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Acco Brands from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Finally, Barrington Research set a $6.00 target price on shares of Acco Brands in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.00.

Acco Brands Company Profile

ACCO Brands Corporation is a global manufacturer and marketer of consumer and office products. Its portfolio includes supplies and equipment used in workplaces, schools and homes, as well as products designed to support organization, productivity and personal technology.

The company’s brands include Swingline, Kensington, Mead, Five Star, GBC, Quartet and Esselte. Its products include staplers, punches, shredders, laminators, binding systems, presentation supplies, notebooks, planners, backpacks, computer accessories and other workspace and school supplies.

ACCO Brands traces its history to the American Clip Company, founded in 1903.