Acme United (NYSEAMERICAN:ACU) issued its earnings results on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.06, MarketWatch Earnings reports. The business had revenue of $31.37 million during the quarter, compared to the consensus estimate of $31.40 million.

Acme United stock traded up $1.00 during mid-day trading on Friday, hitting $19.50. The company’s stock had a trading volume of 18,327 shares, compared to its average volume of 9,792. Acme United has a twelve month low of $13.50 and a twelve month high of $23.56.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 2nd will be given a $0.12 dividend. The ex-dividend date is Monday, April 1st. This represents a $0.48 annualized dividend and a yield of 2.46%.

Separately, Zacks Investment Research raised Acme United from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Monday, March 4th.

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Acme United Company Profile

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. It offers scissors, shears, rulers, pencil sharpeners, paper trimmers, lettering products, craft products, and safety cutters under the Westcott brand name; and cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand.

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Earnings History for Acme United (NYSEAMERICAN:ACU)

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