Sidoti Has Bullish Forecast for Acco Brands Q3 Earnings

Key Points

• Sidoti raised its Acco Brands Q3 2027 EPS estimate to $0.23 from $0.22, while forecasting $0.41 for Q4 2027 and $0.94 for full-year 2027.
• Acco Brands beat its latest quarterly expectations, reporting $0.29 EPS versus the $0.27 consensus and revenue of $415.1 million versus $402.5 million expected.
• The stock rose 1.3% to $4.29, while analysts maintain a consensus “Hold” rating with a $6.00 average price target; the company also declared a quarterly dividend of $0.075, representing a 7.0% annualized yield.

Acco Brands Corporation (NYSE:ACCO - Free Report) - Research analysts at Sidoti boosted their Q3 2027 EPS estimates for Acco Brands in a research note issued to investors on Tuesday, August 18th. Sidoti analyst G. Burns now expects that the industrial products company will post earnings of $0.23 per share for the quarter, up from their prior estimate of $0.22. The consensus estimate for Acco Brands' current full-year earnings is $0.88 per share. Sidoti also issued estimates for Acco Brands' Q4 2027 earnings at $0.41 EPS and FY2027 earnings at $0.94 EPS.

Acco Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $415.10 million during the quarter, compared to the consensus estimate of $402.53 million. Acco Brands had a net margin of 3.74% and a return on equity of 12.57%. Acco Brands has set its Q3 2026 guidance at 0.170-0.210 EPS and its FY 2026 guidance at 0.870-0.910 EPS.

Several other equities research analysts also recently issued reports on ACCO. Barrington Research set a $6.00 price target on Acco Brands in a research report on Wednesday, August 5th. Zacks Research upgraded Acco Brands from a "strong sell" rating to a "hold" rating in a research note on Monday, May 11th. Wall Street Zen lowered Acco Brands from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Weiss Ratings raised Acco Brands from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Acco Brands currently has an average rating of "Hold" and an average price target of $6.00.

Acco Brands Stock Up 1.3%

Acco Brands stock opened at $4.29 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.97 and a quick ratio of 1.22. Acco Brands has a fifty-two week low of $2.81 and a fifty-two week high of $4.56. The firm has a fifty day moving average price of $4.11 and a two-hundred day moving average price of $3.80. The firm has a market cap of $395.55 million, a price-to-earnings ratio of 6.91, a P/E/G ratio of 0.82 and a beta of 1.21.

Hedge Funds Weigh In On Acco Brands

Several large investors have recently added to or reduced their stakes in ACCO. BlackRock Inc. acquired a new position in shares of Acco Brands in the 2nd quarter worth approximately $36,919,000. Allspring Global Investments Holdings LLC increased its position in Acco Brands by 0.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,717,401 shares of the industrial products company's stock worth $22,612,000 after purchasing an additional 67,799 shares during the period. Vanguard Group Inc. raised its holdings in Acco Brands by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,237,515 shares of the industrial products company's stock worth $24,888,000 after purchasing an additional 107,480 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Acco Brands by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,436,286 shares of the industrial products company's stock valued at $13,308,000 after purchasing an additional 79,116 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Acco Brands by 27.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,148,160 shares of the industrial products company's stock valued at $11,743,000 after purchasing an additional 682,260 shares during the last quarter. Institutional investors and hedge funds own 84.56% of the company's stock.

Insider Activity

In other news, SVP Angela Y. Jones sold 57,217 shares of the company's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.02, for a total transaction of $230,012.34. Following the completion of the transaction, the senior vice president owned 18,580 shares of the company's stock, valued at approximately $74,691.60. This represents a 75.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.30% of the company's stock.

Acco Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, August 21st. Acco Brands's dividend payout ratio (DPR) is currently 48.39%.

Acco Brands Company Profile

Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.

The company's portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source