ACCO Brands (NYSE:ACCO) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.10-1.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.30. The company issued revenue guidance of $1.88-1.94 billion, compared to the consensus revenue estimate of $1.99 billion.ACCO Brands also updated its FY 2019 guidance to $1.10-1.20 EPS.
ACCO Brands stock opened at $9.18 on Wednesday. ACCO Brands has a one year low of $6.07 and a one year high of $14.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.63 and a quick ratio of 1.03. The firm has a market capitalization of $900.00 million, a PE ratio of 7.71, a P/E/G ratio of 0.66 and a beta of 1.80.
ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Wednesday, February 13th. The industrial products company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.02). ACCO Brands had a return on equity of 17.38% and a net margin of 7.36%. The company 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. ACCO Brands’s revenue was down 6.7% on a year-over-year basis. Analysts anticipate that ACCO Brands will post 1.17 EPS for the current fiscal year.
ACCO Brands Company Profile
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.
Further Reading: Quiet Period Expirations
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