ACCO Brands Co. (ACCO) Expected to Post Earnings of $0.44 Per Share
Brokerages expect ACCO Brands Co. (NYSE:ACCO) to announce earnings per share (EPS) of $0.44 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for ACCO Brands’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.44. ACCO Brands posted earnings of $0.32 per share in the same quarter last year, which suggests a positive year over year growth rate of 37.5%. The business is expected to issue its next quarterly earnings report before the market opens on Wednesday, February 14th.
According to Zacks, analysts expect that ACCO Brands will report full-year earnings of $1.15 per share for the current year, with EPS estimates ranging from $1.14 to $1.15. For the next fiscal year, analysts forecast that the firm will post earnings of $1.34 per share, with EPS estimates ranging from $1.23 to $1.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover ACCO Brands.
ACCO Brands (NYSE:ACCO) last released its earnings results on Monday, October 30th. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. ACCO Brands had a net margin of 3.51% and a return on equity of 15.99%. The firm had revenue of $532.20 million during the quarter, compared to analyst estimates of $529.65 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year.
ACCO Brands (NYSE:ACCO) traded up $0.10 during mid-day trading on Thursday, reaching $12.80. 297,900 shares of the company’s stock traded hands, compared to its average volume of 345,027. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. ACCO Brands has a 12-month low of $10.35 and a 12-month high of $14.75. The company has a market capitalization of $1,353.20, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50.
A number of hedge funds and other institutional investors have recently modified their holdings of ACCO. 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 valued at $113,200,000 after buying an additional 50,566 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ACCO Brands by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 9,193,361 shares of the industrial products company’s stock worth $107,102,000 after purchasing an additional 108,304 shares in the last quarter. Royal Bank of Canada lifted its position in shares of ACCO Brands by 5.9% in the second quarter. Royal Bank of Canada now owns 6,122,124 shares of the industrial products company’s stock worth $71,323,000 after purchasing an additional 339,057 shares in the last quarter. Northern Trust Corp lifted its position in shares of ACCO Brands by 9.5% in the second quarter. Northern Trust Corp now owns 2,428,165 shares of the industrial products company’s stock worth $28,288,000 after purchasing an additional 210,786 shares in the last quarter. Finally, Boston Partners lifted its position in shares of ACCO Brands by 6.3% in the third quarter. Boston Partners now owns 1,914,787 shares of the industrial products company’s stock worth $22,786,000 after purchasing an additional 114,308 shares in the last quarter. 91.17% of the stock is owned by institutional investors.
About ACCO Brands
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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