Brokerages Anticipate ACCO Brands Co. (ACCO) Will Post Earnings of $0.44 Per Share

Wall Street analysts forecast that ACCO Brands Co. (NYSE:ACCO) will post earnings of $0.44 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for ACCO Brands’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.44. ACCO Brands posted earnings of $0.32 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 37.5%. The business is expected to issue its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that ACCO Brands will report full-year earnings of $1.15 per share for the current year, with EPS estimates ranging from $1.14 to $1.15. For the next financial year, analysts expect that the business will report earnings of $1.23 per share, with EPS estimates ranging from $1.20 to $1.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover ACCO Brands.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $532.20 million for the quarter, compared to analysts’ expectations of $529.65 million. ACCO Brands had a return on equity of 15.99% and a net margin of 3.51%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS.

Several research firms recently issued reports on ACCO. Zacks Investment Research raised ACCO Brands from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, October 31st. BidaskClub raised ACCO Brands from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Finally, SunTrust Banks reissued a “hold” rating and set a $13.00 price target on shares of ACCO Brands in a report on Wednesday, November 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.33.

ACCO Brands (NYSE:ACCO) traded down $0.55 during mid-day trading on Monday, reaching $12.20. The company had a trading volume of 351,894 shares, compared to its average volume of 562,653. The company has a market cap of $1,299.92, a PE ratio of 21.03, a PEG ratio of 1.06 and a beta of 1.50. ACCO Brands has a fifty-two week low of $10.35 and a fifty-two week high of $14.75. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.70 and a quick ratio of 1.09.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACCO. Royal Bank of Canada lifted its holdings in shares of ACCO Brands by 5.9% during the 2nd quarter. Royal Bank of Canada now owns 6,122,124 shares of the industrial products company’s stock valued at $71,323,000 after buying an additional 339,057 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of ACCO Brands by 35.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 832,693 shares of the industrial products company’s stock valued at $9,911,000 after buying an additional 216,020 shares during the period. Northern Trust Corp lifted its holdings in shares of ACCO Brands by 9.5% during the 2nd quarter. Northern Trust Corp now owns 2,428,165 shares of the industrial products company’s stock valued at $28,288,000 after buying an additional 210,786 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of ACCO Brands by 16.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,268,126 shares of the industrial products company’s stock valued at $15,089,000 after buying an additional 180,698 shares during the period. Finally, Boston Partners lifted its holdings in shares of ACCO Brands by 6.3% during the 3rd quarter. Boston Partners now owns 1,914,787 shares of the industrial products company’s stock valued at $22,786,000 after buying an additional 114,308 shares during the period. 91.17% of the stock is currently owned by hedge funds and other institutional investors.

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ACCO Brands Company Profile

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.

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