ACCO Brands (ACCO) to Release Earnings on Thursday

ACCO Brands (NYSE:ACCO - Get Free Report) will be announcing its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

ACCO Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. ACCO Brands had a negative net margin of 10.15% and a positive return on equity of 13.32%. The company had revenue of $438.30 million during the quarter, compared to analysts' expectations of $452.73 million. During the same period in the prior year, the company earned $0.38 earnings per share. The business's quarterly revenue was down 11.3% compared to the same quarter last year. On average, analysts expect ACCO Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ACCO Brands Price Performance

ACCO stock remained flat at $4.87 during mid-day trading on Thursday. 446,724 shares of the company's stock were exchanged, compared to its average volume of 617,912. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.77 and a quick ratio of 1.09. ACCO Brands has a one year low of $4.36 and a one year high of $6.62. The stock has a 50 day simple moving average of $5.28 and a 200-day simple moving average of $5.03. The company has a market cap of $465.57 million, a price-to-earnings ratio of -18.04, a PEG ratio of 0.42 and a beta of 1.62.

ACCO Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend was Friday, August 16th. ACCO Brands's dividend payout ratio (DPR) is -111.11%.

Insider Buying and Selling

In related news, SVP Pamela R. Schneider sold 19,166 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $5.47, for a total value of $104,838.02. Following the completion of the transaction, the senior vice president now owns 243,899 shares of the company's stock, valued at $1,334,127.53. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barrington Research reiterated an "outperform" rating and issued a $7.00 target price on shares of ACCO Brands in a research note on Wednesday, September 4th. StockNews.com upgraded shares of ACCO Brands from a "hold" rating to a "buy" rating in a research note on Saturday, August 10th.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.