ACCO Brands (ACCO) Scheduled to Post Earnings on Thursday

ACCO Brands (NYSE:ACCO) will release its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect ACCO Brands to post earnings of $0.02 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Friday, February 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The firm had revenue of $488.60 million for the quarter, compared to the consensus estimate of $476.37 million. ACCO Brands had a negative net margin of 1.19% and a positive return on equity of 12.94%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. On average, analysts expect ACCO Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ACCO Brands Price Performance

Shares of ACCO opened at $4.91 on Thursday. ACCO Brands has a twelve month low of $4.30 and a twelve month high of $6.62. The company has a market capitalization of $469.11 million, a P/E ratio of -20.44, a price-to-earnings-growth ratio of 0.39 and a beta of 1.64. The firm has a 50 day moving average of $5.51 and a 200 day moving average of $5.58. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 1.12.

ACCO Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend was Thursday, March 14th. ACCO Brands’s payout ratio is -125.00%.

Analyst Ratings Changes

Several research firms recently commented on ACCO. Barrington Research reaffirmed an “outperform” rating and set a $7.50 price objective on shares of ACCO Brands in a research report on Thursday, February 29th. StockNews.com downgraded shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.