Acme United (NYSE:ACU – Get Free Report) will be issuing its quarterly earnings data on Friday, April 19th.
Acme United (NYSE:ACU – Get Free Report) last issued its quarterly earnings results on Friday, March 1st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.15). The business had revenue of $41.94 million for the quarter. Acme United had a return on equity of 9.38% and a net margin of 9.29%.
Acme United Stock Down 2.6 %
Shares of NYSE:ACU opened at $42.76 on Thursday. The firm’s 50 day moving average price is $44.70 and its 200 day moving average price is $40.57. The stock has a market cap of $155.86 million, a price-to-earnings ratio of 9.12 and a beta of 0.74. Acme United has a fifty-two week low of $23.24 and a fifty-two week high of $50.99. The company has a quick ratio of 1.41, a current ratio of 3.54 and a debt-to-equity ratio of 0.24.
Acme United Dividend Announcement
Wall Street Analyst Weigh In
ACU has been the topic of a number of research analyst reports. StockNews.com cut shares of Acme United from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. TheStreet upgraded shares of Acme United from a “c+” rating to a “b” rating in a research report on Wednesday, February 14th.
Check Out Our Latest Research Report on Acme United
Hedge Funds Weigh In On Acme United
A number of institutional investors and hedge funds have recently made changes to their positions in ACU. Osaic Holdings Inc. boosted its position in shares of Acme United by 80.2% in the 2nd quarter. Osaic Holdings Inc. now owns 32,490 shares of the company’s stock worth $810,000 after buying an additional 14,459 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Acme United by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 32,331 shares of the company’s stock valued at $708,000 after purchasing an additional 564 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Acme United by 7.5% in the 1st quarter. Acadian Asset Management LLC now owns 19,874 shares of the company’s stock valued at $669,000 after purchasing an additional 1,381 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Acme United by 50.0% during the 2nd quarter. Royal Bank of Canada now owns 12,071 shares of the company’s stock worth $301,000 after acquiring an additional 4,021 shares during the period. Finally, State Street Corp lifted its holdings in shares of Acme United by 16.6% during the 1st quarter. State Street Corp now owns 8,195 shares of the company’s stock worth $278,000 after acquiring an additional 1,165 shares during the period. 62.10% of the stock is owned by institutional investors and hedge funds.
About Acme United
Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.
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