Acme United (NYSEAMERICAN:ACU) Issues FY 2019 Earnings Guidance

Acme United (NYSEAMERICAN:ACU) updated its FY 2019 earnings guidance on Friday. The company provided EPS guidance of $1.48-1.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.48. The company issued revenue guidance of $142-142 million, compared to the consensus revenue estimate of $141.1 million.

Separately, Zacks Investment Research cut Acme United from a buy rating to a hold rating in a research note on Thursday, July 18th.

Shares of ACU stock traded up $0.26 on Friday, reaching $19.61. The company had a trading volume of 61 shares, compared to its average volume of 12,683. The company has a 50-day moving average of $20.33 and a 200-day moving average of $19.98. Acme United has a 12 month low of $13.50 and a 12 month high of $22.87.

Acme United (NYSEAMERICAN:ACU) last announced its quarterly earnings results on Friday, July 19th. The company reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. The company had revenue of $40.22 million during the quarter, compared to the consensus estimate of $40.90 million.

The business also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a dividend yield of 2.4%.

Acme United Company Profile

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. It offers scissors, shears, rulers, pencil sharpeners, paper trimmers, lettering products, craft products, and safety cutters under the Westcott brand name; and cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand.

Further Reading: Diluted Earnings Per Share

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