Acme United Co. (ACU) Announces Quarterly Dividend of $0.10
Acme United Co. (NYSEMKT:ACU) declared a quarterly dividend on Wednesday, September 21st. Stockholders of record on Monday, October 3rd will be given a dividend of 0.10 per share on Monday, October 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, September 29th.
Acme United (NYSEMKT:ACU) traded down 1.10% during midday trading on Wednesday, reaching $21.66. 25,095 shares of the company were exchanged. Acme United has a 52 week low of $13.01 and a 52 week high of $22.19. The firm’s 50 day moving average price is $20.81 and its 200-day moving average price is $18.62. The stock has a market capitalization of $71.95 million, a P/E ratio of 14.27 and a beta of 0.53.
Acme United (NYSEMKT:ACU) last issued its quarterly earnings data on Friday, July 22nd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. The firm had revenue of $41 million for the quarter, compared to analyst estimates of $37.15 million. Equities analysts forecast that Acme United will post $1.55 EPS for the current fiscal year.
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Several equities analysts have recently commented on the stock. DA Davidson assumed coverage on shares of Acme United in a report on Friday, July 1st. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of Acme United from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, August 30th. Finally, Singular Research upped their price target on shares of Acme United from $21.00 to $24.50 and gave the company a “buy” rating in a research note on Wednesday, August 10th.
Acme United Company Profile
Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Company operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.
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