Acme United Co. (ACU) Rating Lowered to Hold at Zacks Investment Research
According to Zacks, “ACME UNITED CORP. operates principally in two business segments. Operations in the medical segment involve the production and sale of metal disposable medical scissors and instruments, sterile procedure trays, germicidal products, dressings and wound care packs. Operations in the consumer segment involve the production and sale of shears, scissors, knives, rulers, first aid kits and chalk board items for school, office and home use. “
Other equities analysts have also recently issued reports about the stock. Singular Research upped their price objective on shares of Acme United from $21.00 to $24.50 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. DA Davidson assumed coverage on shares of Acme United in a research report on Friday, July 1st. They set a “buy” rating for the company.
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Shares of Acme United (NYSEMKT:ACU) traded down 1.10% during trading on Wednesday, hitting $21.66. 25,095 shares of the company’s stock were exchanged. The company has a market cap of $71.95 million, a P/E ratio of 14.27 and a beta of 0.53. The company has a 50-day moving average of $20.81 and a 200-day moving average of $18.62. Acme United has a 12-month low of $13.01 and a 12-month high of $22.19.
Acme United (NYSEMKT:ACU) last posted its earnings results on Friday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. The firm earned $41 million during the quarter, compared to analyst estimates of $37.15 million. On average, equities analysts expect that Acme United will post $1.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 24th. Stockholders of record on Monday, October 3rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, September 29th. Acme United’s dividend payout ratio (DPR) is 26.32%.
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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