ACCO Brands Co. (NYSE:ACCO) – Research analysts at BWS Financial boosted their Q3 2019 earnings estimates for ACCO Brands in a note issued to investors on Wednesday, July 31st. BWS Financial analyst H. Khorsand now forecasts that the industrial products company will post earnings of $0.35 per share for the quarter, up from their prior estimate of $0.34. BWS Financial also issued estimates for ACCO Brands’ Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.26 EPS.
Several other analysts have also recently commented on the stock. ValuEngine upgraded shares of ACCO Brands from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Friday, August 2nd. Noble Financial set a $14.00 target price on shares of ACCO Brands and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Barrington Research reiterated a “buy” rating and set a $11.00 target price on shares of ACCO Brands in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $12.00.
ACCO Brands (NYSE:ACCO) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $518.70 million during the quarter, compared to analysts’ expectations of $493.89 million. ACCO Brands had a net margin of 5.43% and a return on equity of 16.06%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of ACCO Brands during the second quarter valued at about $340,000. Swiss National Bank grew its holdings in shares of ACCO Brands by 1.5% during the second quarter. Swiss National Bank now owns 190,200 shares of the industrial products company’s stock valued at $1,497,000 after buying an additional 2,900 shares during the last quarter. Strs Ohio grew its holdings in shares of ACCO Brands by 7.5% during the second quarter. Strs Ohio now owns 94,800 shares of the industrial products company’s stock valued at $746,000 after buying an additional 6,600 shares during the last quarter. James Investment Research Inc. grew its holdings in shares of ACCO Brands by 2.1% during the second quarter. James Investment Research Inc. now owns 128,888 shares of the industrial products company’s stock valued at $1,014,000 after buying an additional 2,663 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new position in shares of ACCO Brands during the second quarter valued at about $83,000. 91.05% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 23rd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, August 22nd. ACCO Brands’s dividend payout ratio (DPR) is 21.05%.
About ACCO Brands
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, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.
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