Acco Brands Corporation (NYSE:ACCO) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.07-1.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08. The company issued revenue guidance of $1.90-1.96, compared to the consensus revenue estimate of $1.94 billion.
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Acco Brands Corporation from a strong sell rating to a sell rating in a research report on Tuesday, August 8th. ValuEngine lowered shares of Acco Brands Corporation from a buy rating to a hold rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Acco Brands Corporation from a hold rating to a buy rating and set a $12.00 target price on the stock in a research report on Thursday, August 3rd. Finally, BWS Financial reiterated a buy rating and set a $18.00 target price on shares of Acco Brands Corporation in a research report on Tuesday, July 4th.
Acco Brands Corporation (NYSE ACCO) remained flat at $10.90 during midday trading on Friday. The company had a trading volume of 815,330 shares. The stock has a market cap of $1.19 billion, a PE ratio of 21.71 and a beta of 1.30. The company has a 50 day moving average price of $11.58 and a 200-day moving average price of $12.48. Acco Brands Corporation has a one year low of $9.06 and a one year high of $14.75.
Acco Brands Corporation (NYSE:ACCO) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $490 million during the quarter, compared to analyst estimates of $497.17 million. Acco Brands Corporation had a return on equity of 15.03% and a net margin of 3.25%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. On average, analysts expect that Acco Brands Corporation will post $1.10 EPS for the current year.
In other news, VP Neal V. Fenwick bought 12,313 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average cost of $10.60 per share, with a total value of $130,517.80. Following the completion of the transaction, the vice president now owns 423,311 shares of the company’s stock, valued at approximately $4,487,096.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kathy D. Schnaedter sold 68,653 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $11.26, for a total value of $773,032.78. Following the completion of the transaction, the senior vice president now directly owns 68,655 shares in the company, valued at $773,055.30. The disclosure for this sale can be found here. 4.50% of the stock is owned by company insiders.
Acco Brands Corporation Company Profile
ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.
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