ACCO Brands Co. (ACCO) Expected to Announce Quarterly Sales of $415.78 Million

Equities analysts forecast that ACCO Brands Co. (NYSE:ACCO) will announce $415.78 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for ACCO Brands’ earnings. The lowest sales estimate is $407.50 million and the highest is $424.06 million. ACCO Brands reported sales of $405.80 million in the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The company is scheduled to report its next quarterly earnings results on Tuesday, May 7th.

On average, analysts expect that ACCO Brands will report full-year sales of $1.90 billion for the current financial year. For the next fiscal year, analysts forecast that the company will post sales of $2.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover ACCO Brands.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings results on Wednesday, February 13th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.02). The company had revenue of $529.00 million during the quarter, compared to the consensus estimate of $553.42 million. ACCO Brands had a net margin of 5.50% and a return on equity of 16.19%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share.



Several equities research analysts recently issued reports on the company. Barrington Research cut their price target on ACCO Brands from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, February 14th. Zacks Investment Research downgraded ACCO Brands from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, TheStreet downgraded ACCO Brands from a “b-” rating to a “c+” rating in a report on Friday, November 16th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.75.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royce & Associates LP grew its holdings in ACCO Brands by 45.8% during the 4th quarter. Royce & Associates LP now owns 4,635 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 1,457 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of ACCO Brands by 23.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 13,338 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 2,507 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of ACCO Brands by 17.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 13,468 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 2,032 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of ACCO Brands during the 3rd quarter worth $119,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of ACCO Brands during the 4th quarter worth $122,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Shares of ACCO stock traded down $0.10 during trading on Friday, hitting $9.13. The company had a trading volume of 596,500 shares, compared to its average volume of 675,173. The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.28. The stock has a market cap of $948.29 million, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 0.78 and a beta of 1.80. ACCO Brands has a one year low of $6.07 and a one year high of $14.63.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Friday, March 15th will be issued a $0.06 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 2.63%. ACCO Brands’s payout ratio is 21.05%.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets, consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

Further Reading: Book Value Per Share – BVPS

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Earnings History and Estimates for ACCO Brands (NYSE:ACCO)

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