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.

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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.

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