Acme United Co. (ACU) Set to Announce Quarterly Earnings on Thursday
Acme United Co. (NYSEMKT:ACU) will issue its Q316 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $32.05 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Acme United (NYSEMKT:ACU) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.13. The business earned $41 million during the quarter, compared to analysts’ expectations of $37.15 million. On average, analysts expect Acme United to post $1.55 EPS for the current fiscal year and $1.74 EPS for the next fiscal year.
Acme United Co. (NYSEMKT:ACU) opened at 20.243 on Wednesday. The stock has a market cap of $67.25 million, a PE ratio of 13.335 and a beta of 0.53. Acme United Co. has a 52-week low of $13.01 and a 52-week high of $22.19. The firm has a 50-day moving average price of $20.70 and a 200 day moving average price of $19.19.
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The company 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. The ex-dividend date is Thursday, September 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.99%. Acme United’s payout ratio is 26.32%.
ACU has been the subject of several research reports. DA Davidson initiated coverage on Acme United in a research report on Friday, July 1st. They issued a “buy” rating for the company. Singular Research lifted their target price on Acme United from $21.00 to $24.50 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, Zacks Investment Research upgraded Acme United from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, August 30th.
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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