Acme United (NYSEAMERICAN:ACU) Issues FY 2019 Earnings Guidance
Acme United (NYSEAMERICAN:ACU) issued an update on its FY 2019 earnings guidance on Friday morning. The company provided EPS guidance of $1.41-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.47. The company issued revenue guidance of $140-143 million, compared to the consensus revenue estimate of $141.46 million.
Shares of NYSEAMERICAN:ACU traded up $0.16 during trading on Friday, reaching $20.07. The stock had a trading volume of 21,012 shares, compared to its average volume of 15,025. Acme United has a fifty-two week low of $13.50 and a fifty-two week high of $23.00.
Acme United (NYSEAMERICAN:ACU) last released its earnings results on Thursday, April 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $31.37 million during the quarter, compared to analysts’ expectations of $31.40 million.
Several research firms have issued reports on ACU. TheStreet downgraded shares of WESCO International from a b- rating to a c+ rating in a research note on Friday, May 24th. Zacks Investment Research downgraded shares of Hallmark Financial Services from a buy rating to a hold rating in a research note on Thursday.
About Acme United
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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