ACCO Brands FY2025 EPS Forecast Lifted by Noble Financial

ACCO Brands Co. (NYSE:ACCO - Free Report) - Equities researchers at Noble Financial increased their FY2025 earnings per share estimates for shares of ACCO Brands in a note issued to investors on Monday, May 5th. Noble Financial analyst J. Gomes now expects that the industrial products company will post earnings of $1.07 per share for the year, up from their previous forecast of $1.04. The consensus estimate for ACCO Brands' current full-year earnings is $1.02 per share.

ACCO has been the topic of several other research reports. Barrington Research reduced their price objective on shares of ACCO Brands from $7.50 to $7.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. StockNews.com lowered ACCO Brands from a "buy" rating to a "hold" rating in a report on Tuesday.

ACCO Brands Stock Performance

Shares of ACCO Brands stock traded up $0.02 during trading on Wednesday, reaching $3.74. The company's stock had a trading volume of 533,015 shares, compared to its average volume of 685,709. ACCO Brands has a fifty-two week low of $3.41 and a fifty-two week high of $6.44. The firm has a market cap of $336.97 million, a PE ratio of -3.53, a P/E/G ratio of 0.37 and a beta of 1.36. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The company has a 50-day moving average price of $4.05 and a two-hundred day moving average price of $4.93.

ACCO Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The firm had revenue of $317.40 million for the quarter, compared to analyst estimates of $318.75 million.

Hedge Funds Weigh In On ACCO Brands

A number of large investors have recently added to or reduced their stakes in the company. DMC Group LLC increased its stake in shares of ACCO Brands by 9.5% in the 4th quarter. DMC Group LLC now owns 28,783 shares of the industrial products company's stock valued at $151,000 after purchasing an additional 2,496 shares during the last quarter. Somerset Trust Co lifted its holdings in ACCO Brands by 22.1% during the fourth quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company's stock valued at $79,000 after purchasing an additional 2,724 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in ACCO Brands by 25.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company's stock valued at $68,000 after buying an additional 3,276 shares in the last quarter. Diversified Trust Co increased its stake in ACCO Brands by 18.4% in the 1st quarter. Diversified Trust Co now owns 30,058 shares of the industrial products company's stock worth $126,000 after acquiring an additional 4,669 shares during the last quarter. Finally, Nebula Research & Development LLC raised its holdings in shares of ACCO Brands by 8.6% during the 4th quarter. Nebula Research & Development LLC now owns 59,572 shares of the industrial products company's stock valued at $313,000 after buying an additional 4,732 shares in the last quarter. Institutional investors own 84.56% of the company's stock.

ACCO Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.075 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 8.02%. ACCO Brands's payout ratio is currently -26.55%.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.