ACCO Brands (NYSE:ACCO) posted its earnings results on Wednesday. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04, Briefing.com reports. ACCO Brands had a return on equity of 15.99% and a net margin of 3.51%. The firm had revenue of $566.80 million for the quarter, compared to the consensus estimate of $563.27 million. During the same quarter in the prior year, the business earned $0.32 EPS. The business’s revenue for the quarter was up 29.5% on a year-over-year basis. ACCO Brands updated its FY18 guidance to $1.33-1.37 EPS.
Shares of ACCO Brands (NYSE:ACCO) traded up $1.87 on Wednesday, hitting $13.02. The stock had a trading volume of 1,092,079 shares, compared to its average volume of 482,954. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.70. ACCO Brands has a 12-month low of $10.35 and a 12-month high of $14.75. The company has a market cap of $1,188.04, a PE ratio of 22.41, a P/E/G ratio of 0.89 and a beta of 1.34.
ACCO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded ACCO Brands from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, October 31st. SunTrust Banks reiterated a “hold” rating and set a $13.00 target price on shares of ACCO Brands in a report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.00.
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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