Analysts predict that ACCO Brands Co. (NYSE:ACCO) will post sales of $536.88 million for the current quarter, Zacks reports. Five analysts have made estimates for ACCO Brands’ earnings. The highest sales estimate is $547.63 million and the lowest is $530.00 million. ACCO Brands posted sales of $532.20 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.9%. The business is scheduled to announce its next quarterly earnings report on Monday, October 29th.

According to Zacks, analysts expect that ACCO Brands will report full year sales of $2.01 billion for the current year, with estimates ranging from $2.00 billion to $2.02 billion. For the next year, analysts forecast that the firm will report sales of $2.03 billion per share, with estimates ranging from $1.99 billion to $2.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for ACCO Brands.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). ACCO Brands had a net margin of 7.02% and a return on equity of 17.95%. The business had revenue of $498.80 million for the quarter, compared to the consensus estimate of $493.85 million. During the same period in the previous year, the firm earned $0.31 EPS. The company’s revenue was up 1.8% on a year-over-year basis.

ACCO has been the subject of several recent analyst reports. Noble Financial reaffirmed a “buy” rating and issued a $15.00 target price on shares of ACCO Brands in a report on Monday, August 6th. Barrington Research reaffirmed a “buy” rating and issued a $16.00 target price on shares of ACCO Brands in a report on Thursday, June 14th. Zacks Investment Research raised shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, June 20th. Finally, ValuEngine raised shares of ACCO Brands from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $15.40.

In other ACCO Brands news, SVP Joseph S. Pekala sold 20,473 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $13.52, for a total value of $276,794.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Gregory J. Mccormack sold 15,678 shares of the business’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $12.42, for a total transaction of $194,720.76. Following the completion of the sale, the senior vice president now owns 81,079 shares in the company, valued at approximately $1,007,001.18. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC raised its position in shares of ACCO Brands by 11.9% during the 2nd quarter. MetLife Investment Advisors LLC now owns 48,975 shares of the industrial products company’s stock valued at $678,000 after buying an additional 5,210 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of ACCO Brands by 27.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 24,958 shares of the industrial products company’s stock valued at $346,000 after buying an additional 5,380 shares in the last quarter. KBC Group NV raised its position in shares of ACCO Brands by 13.5% during the 1st quarter. KBC Group NV now owns 52,433 shares of the industrial products company’s stock valued at $658,000 after buying an additional 6,234 shares in the last quarter. Swiss National Bank raised its position in shares of ACCO Brands by 3.8% during the 1st quarter. Swiss National Bank now owns 189,000 shares of the industrial products company’s stock valued at $2,372,000 after buying an additional 6,900 shares in the last quarter. Finally, Northern Trust Corp raised its position in ACCO Brands by 0.3% in the 1st quarter. Northern Trust Corp now owns 2,379,739 shares of the industrial products company’s stock worth $29,866,000 after purchasing an additional 7,394 shares during the period. Institutional investors and hedge funds own 89.54% of the company’s stock.

Shares of ACCO stock traded down $0.20 during mid-day trading on Friday, reaching $12.20. 23,266 shares of the company’s stock traded hands, compared to its average volume of 465,963. ACCO Brands has a 12 month low of $10.68 and a 12 month high of $14.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.74 and a quick ratio of 1.15. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.93 and a beta of 1.19.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Friday, August 31st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, August 30th. ACCO Brands’s dividend payout ratio is currently 20.17%.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets, consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

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Earnings History and Estimates for ACCO Brands (NYSE:ACCO)

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