FY2024 EPS Estimates for ACCO Brands Decreased by Analyst

ACCO Brands Co. (NYSE:ACCO) – Analysts at Noble Financial reduced their FY2024 earnings per share estimates for ACCO Brands in a report released on Monday, November 4th. Noble Financial analyst J. Gomes now expects that the industrial products company will post earnings per share of $1.04 for the year, down from their previous estimate of $1.05. The consensus estimate for ACCO Brands’ current full-year earnings is $1.04 per share. Noble Financial also issued estimates for ACCO Brands’ Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.30 EPS and Q4 2025 earnings at $0.44 EPS.

Other equities analysts also recently issued reports about the company. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. Barrington Research reiterated an “outperform” rating and set a $7.00 price objective on shares of ACCO Brands in a research note on Wednesday, September 4th.

ACCO Brands Trading Up 4.3 %

Shares of ACCO Brands stock opened at $6.06 on Tuesday. ACCO Brands has a 1-year low of $4.36 and a 1-year high of $6.62. The company’s fifty day simple moving average is $5.25 and its 200-day simple moving average is $5.03. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.77 and a quick ratio of 1.09. The stock has a market capitalization of $580.54 million, a PE ratio of -3.08, a P/E/G ratio of 0.42 and a beta of 1.63.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 13.77%. The company had revenue of $420.90 million for the quarter, compared to the consensus estimate of $418.20 million. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year.

Institutional Trading of ACCO Brands

Several institutional investors and hedge funds have recently made changes to their positions in the business. nVerses Capital LLC boosted its position in ACCO Brands by 68.3% during the third quarter. nVerses Capital LLC now owns 6,900 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 2,800 shares in the last quarter. Somerset Trust Co bought a new position in shares of ACCO Brands during the 2nd quarter worth approximately $57,000. Innealta Capital LLC bought a new position in shares of ACCO Brands during the 1st quarter worth approximately $65,000. SG Americas Securities LLC purchased a new stake in ACCO Brands during the first quarter valued at approximately $71,000. Finally, Paloma Partners Management Co acquired a new stake in ACCO Brands in the first quarter valued at approximately $74,000. 84.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other ACCO Brands news, SVP Pamela R. Schneider sold 19,166 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $5.47, for a total transaction of $104,838.02. Following the completion of the sale, the senior vice president now directly owns 243,899 shares of the company’s stock, valued at $1,334,127.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.30% of the stock is currently owned by company insiders.

ACCO Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 15th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend is Friday, November 15th. ACCO Brands’s dividend payout ratio is currently -15.87%.

About ACCO Brands

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.