ACCO Brands (ACCO) Releases FY18 Earnings Guidance

ACCO Brands (NYSE:ACCO) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.33-1.37 for the period, compared to the Thomson Reuters consensus estimate of $1.27. The company issued revenue guidance of +2% to ~$1.99 billion, compared to the consensus revenue estimate of $1.98 billion.

ACCO Brands (ACCO) opened at $12.51 on Wednesday. ACCO Brands has a twelve month low of $10.35 and a twelve month high of $14.75. The firm has a market capitalization of $1,188.04, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39.

A number of equities analysts have recently commented on ACCO shares. SunTrust Banks reaffirmed a hold rating and issued a $13.00 price target on shares of ACCO Brands in a report on Wednesday, November 1st. Zacks Investment Research lowered ACCO Brands from a buy rating to a hold rating in a report on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $15.00.

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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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