Acme United (NYSE:ACU) Issues Quarterly Earnings Results

Acme United (NYSE:ACU - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, RTT News reports. Acme United had a return on equity of 9.70% and a net margin of 10.25%. During the same period in the prior year, the business earned $0.39 EPS.

Acme United Stock Down 0.2 %

Shares of NYSE:ACU traded down $0.09 during trading hours on Tuesday, hitting $40.89. The company's stock had a trading volume of 35,253 shares, compared to its average volume of 14,916. The firm's fifty day moving average price is $38.86 and its 200 day moving average price is $39.52. Acme United has a 52 week low of $32.85 and a 52 week high of $50.00. The company has a market capitalization of $153.50 million, a price-to-earnings ratio of 8.36 and a beta of 0.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91.

Acme United Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, March 26th. Acme United's payout ratio is 24.49%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Acme United from a "buy" rating to a "hold" rating in a research note on Friday.

Acme United Company Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.