Q3 2024 EPS Estimates for ACCO Brands Co. Cut by Analyst (NYSE:ACCO)

ACCO Brands Co. (NYSE:ACCO) – Research analysts at Sidoti Csr dropped their Q3 2024 earnings per share estimates for ACCO Brands in a research report issued on Friday, August 2nd. Sidoti Csr analyst G. Burns now anticipates that the industrial products company will post earnings of $0.23 per share for the quarter, down from their previous estimate of $0.29. The consensus estimate for ACCO Brands’ current full-year earnings is $1.04 per share. Sidoti Csr also issued estimates for ACCO Brands’ Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.37 EPS and Q3 2025 earnings at $0.30 EPS.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. ACCO Brands had a positive return on equity of 12.57% and a negative net margin of 10.15%. The company had revenue of $438.30 million during the quarter, compared to analysts’ expectations of $452.73 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was down 11.3% on a year-over-year basis.

A number of other equities analysts have also recently issued reports on the company. Barrington Research cut their price target on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. StockNews.com lowered shares of ACCO Brands from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

ACCO Brands Price Performance

ACCO stock opened at $4.65 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.69 and a debt-to-equity ratio of 1.18. The firm has a market cap of $444.54 million, a price-to-earnings ratio of -17.22, a PEG ratio of 0.40 and a beta of 1.62. The company’s fifty day simple moving average is $4.82 and its 200 day simple moving average is $5.26. ACCO Brands has a 12-month low of $4.36 and a 12-month high of $6.62.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. New York State Teachers Retirement System bought a new position in ACCO Brands in the 4th quarter valued at $50,000. Somerset Trust Co bought a new position in ACCO Brands during the second quarter valued at about $57,000. Innealta Capital LLC purchased a new stake in ACCO Brands during the first quarter worth about $65,000. SG Americas Securities LLC bought a new stake in ACCO Brands in the first quarter worth about $71,000. Finally, Gladius Capital Management LP purchased a new position in ACCO Brands in the fourth quarter valued at about $73,000. 84.56% of the stock is owned by institutional investors.

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 dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Friday, August 16th. ACCO Brands’s dividend payout ratio (DPR) is presently -111.11%.

About ACCO Brands

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.