FY2018 Earnings Estimate for ACCO Brands Co. (ACCO) Issued By KeyCorp
ACCO Brands Co. (NYSE:ACCO) – Equities researchers at KeyCorp increased their FY2018 EPS estimates for ACCO Brands in a note issued to investors on Wednesday. KeyCorp analyst B. Thomas now expects that the industrial products company will post earnings of $1.38 per share for the year, up from their prior forecast of $1.25.
ACCO Brands (NYSE:ACCO) last issued its earnings results on Monday, October 30th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. ACCO Brands had a return on equity of 15.99% and a net margin of 3.51%. The company had revenue of $532.20 million for the quarter, compared to the consensus estimate of $529.65 million. During the same quarter in the prior year, the company earned $0.29 EPS. The firm’s quarterly revenue was up 23.4% on a year-over-year basis.
ACCO Brands (NYSE:ACCO) traded up $0.15 during trading hours on Friday, reaching $12.30. The company had a trading volume of 345,400 shares, compared to its average volume of 367,633. ACCO Brands has a 12-month low of $10.35 and a 12-month high of $14.75. The firm has a market capitalization of $1,300.00, a P/E ratio of 21.58, a P/E/G ratio of 0.99 and a beta of 1.50. The company has a quick ratio of 1.09, a current ratio of 1.70 and a debt-to-equity ratio of 1.39.
Institutional investors and hedge funds have recently bought and sold shares of the company. Eqis Capital Management Inc. increased its position in ACCO Brands by 37.2% in the third quarter. Eqis Capital Management Inc. now owns 21,931 shares of the industrial products company’s stock worth $261,000 after purchasing an additional 5,945 shares during the period. JPMorgan Chase & Co. lifted its stake in ACCO Brands by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 7,126,210 shares of the industrial products company’s stock worth $83,019,000 after purchasing an additional 89,746 shares during the last quarter. American Century Companies Inc. lifted its stake in ACCO Brands by 2.9% during the second quarter. American Century Companies Inc. now owns 441,934 shares of the industrial products company’s stock worth $5,149,000 after purchasing an additional 12,322 shares during the last quarter. Vanguard Group Inc. lifted its stake in ACCO Brands by 0.5% during the second quarter. Vanguard Group Inc. now owns 9,716,711 shares of the industrial products company’s stock worth $113,200,000 after purchasing an additional 50,566 shares during the last quarter. Finally, Numeric Investors LLC bought a new stake in ACCO Brands during the second quarter worth about $362,000. 91.17% of the stock is owned by institutional investors.
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ACCO Brands Company Profile
ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.
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