ACCO Brands (NYSE:ACCO - Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 0.300-0.330 for the period, compared to the consensus EPS estimate of 0.320. The company issued revenue guidance of $449.2 million-$459.0 million, compared to the consensus revenue estimate of $458.3 million. ACCO Brands also updated its FY 2024 guidance to 1.020-1.070 EPS.
Analyst Ratings Changes
A number of analysts recently commented on ACCO shares. StockNews.com cut shares of ACCO Brands from a strong-buy rating to a buy rating in a research note on Wednesday, February 28th. Barrington Research reaffirmed an outperform rating and issued a $7.50 price target on shares of ACCO Brands in a report on Thursday, February 29th.
Get Our Latest Stock Analysis on ACCO Brands
ACCO Brands Price Performance
Shares of ACCO traded down $0.04 during midday trading on Friday, hitting $4.88. 825,208 shares of the company traded hands, compared to its average volume of 676,607. ACCO Brands has a one year low of $4.30 and a one year high of $6.62. The firm has a market cap of $466.25 million, a P/E ratio of -20.56, a PEG ratio of 0.37 and a beta of 1.66. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.58 and a quick ratio of 0.97. The stock has a 50-day moving average of $5.28 and a 200-day moving average of $5.55.
ACCO Brands (NYSE:ACCO - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. ACCO Brands had a negative net margin of 1.19% and a positive return on equity of 12.94%. The company had revenue of $358.90 million during the quarter, compared to analysts' expectations of $371.80 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. ACCO Brands's revenue for the quarter was down 10.9% on a year-over-year basis. As a group, sell-side analysts predict that ACCO Brands will post 1.07 EPS for the current fiscal year.
ACCO Brands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 17th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.15%. ACCO Brands's dividend payout ratio (DPR) is presently -125.00%.
ACCO Brands Company Profile
(
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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.
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