ACCO Brands (ACCO) Issues FY 2019 Earnings Guidance

ACCO Brands (NYSE:ACCO) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $1.10-1.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.30. The company issued revenue guidance of $1.883-1.941 billion, compared to the consensus revenue estimate of $1.99 billion.ACCO Brands also updated its FY19 guidance to $1.10-1.20 EPS.

Several research analysts recently commented on the stock. Barrington Research reaffirmed a buy rating and issued a $13.00 price objective on shares of ACCO Brands in a report on Tuesday. Zacks Investment Research downgraded shares of ACCO Brands from a hold rating to a sell rating in a report on Thursday, November 1st. Finally, TheStreet downgraded shares of ACCO Brands from a b- rating to a c+ rating in a report on Friday, November 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $15.25.

NYSE:ACCO traded down $0.39 during trading hours on Wednesday, hitting $8.79. The stock had a trading volume of 27,394 shares, compared to its average volume of 658,972. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.63 and a quick ratio of 1.03. ACCO Brands has a one year low of $6.07 and a one year high of $14.63. The company has a market cap of $900.00 million, a price-to-earnings ratio of 7.39, a PEG ratio of 0.66 and a beta of 1.80.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings results on Wednesday, February 13th. The industrial products company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.02). ACCO Brands had a net margin of 7.36% and a return on equity of 17.38%. The firm had revenue of $529.00 million during the quarter, compared to the consensus estimate of $553.42 million. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. Equities research analysts expect that ACCO Brands will post 1.17 EPS for the current fiscal year.

WARNING: “ACCO Brands (ACCO) Issues FY 2019 Earnings Guidance” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at

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, 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.

See Also: What is the Stochastic Momentum Index (SMI)?

Receive News & Ratings for ACCO Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACCO Brands and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit