ACCO Brands (ACCO) to Release Quarterly Earnings on Thursday

ACCO Brands (NYSE:ACCO) is set to announce its earnings results after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.31 per share for the quarter. ACCO Brands has set its FY 2024 guidance at 1.020-1.070 EPS and its Q2 2024 guidance at 0.300-0.330 EPS.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings data on Friday, May 3rd. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. ACCO Brands had a negative net margin of 1.36% and a positive return on equity of 12.42%. The company had revenue of $358.90 million during the quarter, compared to the consensus estimate of $371.80 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. ACCO Brands’s revenue for the quarter was down 10.9% on a year-over-year basis. On average, analysts expect ACCO Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ACCO Brands Stock Performance

NYSE ACCO opened at $5.14 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.69 and a quick ratio of 0.95. ACCO Brands has a 1 year low of $4.46 and a 1 year high of $6.62. The company has a market capitalization of $491.38 million, a PE ratio of -18.93, a P/E/G ratio of 0.41 and a beta of 1.62. The company has a fifty day moving average of $4.84 and a two-hundred day moving average of $5.32.

ACCO Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th will be paid a $0.075 dividend. The ex-dividend date is Friday, August 16th. This represents a $0.30 annualized dividend and a yield of 5.84%. ACCO Brands’s dividend payout ratio is presently -111.11%.

Insider Transactions at ACCO Brands

In other news, SVP Angela Y. Jones sold 15,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $4.96, for a total transaction of $74,400.00. Following the completion of the sale, the senior vice president now owns 18,621 shares in the company, valued at $92,360.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 7.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ACCO shares. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Saturday, June 22nd. Barrington Research decreased their price objective on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th.

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.