Acme United (ACU) Scheduled to Post Quarterly Earnings on Friday

Acme United (NYSE:ACU) is scheduled to be announcing its earnings results on Friday, April 19th.

Acme United (NYSE:ACU) last released its quarterly earnings data on Friday, March 1st. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.15). Acme United had a net margin of 9.29% and a return on equity of 9.38%. The firm had revenue of $41.94 million for the quarter.

Acme United Trading Down 2.6 %

NYSE ACU opened at $42.76 on Thursday. The company has a quick ratio of 1.41, a current ratio of 3.54 and a debt-to-equity ratio of 0.24. Acme United has a twelve month low of $23.24 and a twelve month high of $50.99. The company has a market cap of $155.86 million, a price-to-earnings ratio of 9.12 and a beta of 0.74. The business’s fifty day moving average is $44.70 and its 200 day moving average is $40.57.

Acme United Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.40%. The ex-dividend date is Wednesday, March 27th. Acme United’s payout ratio is presently 12.79%.

Institutional Trading of Acme United

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Acme United by 9.4% during the second quarter. BlackRock Inc. now owns 6,192 shares of the company’s stock valued at $154,000 after acquiring an additional 531 shares during the last quarter. Geode Capital Management LLC grew its holdings in Acme United by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 32,331 shares of the company’s stock valued at $708,000 after purchasing an additional 564 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Acme United by 1.9% in the third quarter. Envestnet Asset Management Inc. now owns 43,732 shares of the company’s stock worth $1,307,000 after acquiring an additional 810 shares during the period. Barclays PLC bought a new position in shares of Acme United in the third quarter worth $25,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Acme United by 0.7% in the third quarter. Vanguard Group Inc. now owns 124,350 shares of the company’s stock worth $2,863,000 after acquiring an additional 844 shares during the period. 62.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on ACU shares. TheStreet raised Acme United from a “c+” rating to a “b” rating in a report on Wednesday, February 14th. StockNews.com downgraded Acme United from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st.

About Acme United

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.