Acco Brands (NYSE:ACCO) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Shares of Acco Brands Corporation (NYSE:ACCO) crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $4.38 and traded as high as $5.50. Acco Brands shares last traded at $5.48, with a volume of 5,456,482 shares trading hands.

Acco Brands News Summary

Here are the key news stories impacting Acco Brands this week:

• Positive Sentiment: Adjusted earnings beat expectations. ACCO reported third-quarter adjusted EPS of $0.28, well above the $0.19 analyst consensus and up from $0.21 a year earlier. Operating income increased to $30.3 million from $26.0 million. ACCO Brands Tops Q3 Earnings Estimates
• Positive Sentiment: Guidance was raised. ACCO now expects full-year reported sales growth of 4% to 6% and adjusted EPS of $0.98 to $1.02. The outlook includes a $0.12-per-share benefit from tariff refunds, while the Trust acquisition is expected to provide additional sales growth. ACCO Brands Third-Quarter Earnings Results
• Positive Sentiment: Tariff refunds and the Trust acquisition boosted the outlook. Net tariff refunds contributed $15.1 million to third-quarter operating income, or $0.11 per diluted share. ACCO also completed its Trust acquisition on October 1, expanding the company’s growth platform. Year-to-date free cash flow was $89 million, and cash totaled $174.7 million at quarter-end. ACCO Brands Reports Third-Quarter Results and Closes Trust Acquisition
• Neutral Sentiment: Underlying sales were largely flat. Revenue declined 0.9% year over year to $380.3 million and was slightly below the $383.7 million consensus estimate. This suggests that the earnings beat and improved outlook were driven partly by cost performance, tariff refunds and acquisition benefits rather than broad organic sales growth. ACCO Brands Reports Third-Quarter Sales and EPS
• Negative Sentiment: Some investors may view the earnings quality as less durable. The quarter benefited materially from one-time tariff refunds, while ACCO carries meaningful leverage with a debt-to-equity ratio of 1.30. A recent insider share sale also provides a modest cautionary signal, although it does not establish a broader change in management’s outlook.

Analyst Ratings Changes

A number of research firms recently weighed in on ACCO. Barrington Research set a $6.00 target price on shares of Acco Brands in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Acco Brands from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Finally, Wall Street Zen upgraded Acco Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Acco Brands has a consensus rating of “Hold” and an average price target of $6.00.

Acco Brands Price Performance

The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 1.30. The stock has a market cap of $505.86 million, a PE ratio of 7.83, a P/E/G ratio of 0.82 and a beta of 1.20. The business has a fifty day simple moving average of $4.38 and a two-hundred day simple moving average of $3.96.

Acco Brands (NYSE:ACCO) last announced its earnings results on Thursday, October 29th. The industrial products company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $380.30 million for the quarter, compared to analysts’ expectations of $383.70 million. Acco Brands had a net margin of 4.23% and a return on equity of 13.54%. Research analysts forecast that Acco Brands Corporation will post 0.88 earnings per share for the current year.

Acco Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 20th will be paid a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, November 20th. Acco Brands’s dividend payout ratio is currently 48.39%.

Institutional Investors Weigh In On Acco Brands

A number of institutional investors have recently made changes to their positions in ACCO. BlackRock Inc. bought a new stake in Acco Brands in the 2nd quarter worth about $36,919,000. Allspring Global Investments Holdings LLC raised its position in Acco Brands by 0.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,717,401 shares of the industrial products company’s stock worth $22,612,000 after buying an additional 67,799 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Acco Brands by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,436,286 shares of the industrial products company’s stock valued at $13,308,000 after acquiring an additional 79,116 shares during the last quarter. Bank of America Corp DE purchased a new stake in Acco Brands during the 2nd quarter valued at $4,291,000. Finally, Bank of New York Mellon Corp bought a new position in Acco Brands in the second quarter valued at about $4,079,000. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Acco Brands Company Profile

ACCO Brands Corporation is a global manufacturer and marketer of consumer and office products. Its portfolio includes supplies and equipment used in workplaces, schools and homes, as well as products designed to support organization, productivity and personal technology.

The company’s brands include Swingline, Kensington, Mead, Five Star, GBC, Quartet and Esselte. Its products include staplers, punches, shredders, laminators, binding systems, presentation supplies, notebooks, planners, backpacks, computer accessories and other workspace and school supplies.

ACCO Brands traces its history to the American Clip Company, founded in 1903.