Sidoti Csr Weighs in on ACCO Brands’ Q1 Earnings (NYSE:ACCO)

ACCO Brands Co. (NYSE:ACCO) – Stock analysts at Sidoti Csr lowered their Q1 2025 EPS estimates for shares of ACCO Brands in a report issued on Monday, February 24th. Sidoti Csr analyst G. Burns now expects that the industrial products company will post earnings of ($0.04) per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for ACCO Brands’ current full-year earnings is $1.02 per share.

A number of other equities research analysts have also commented on ACCO. StockNews.com lowered shares of ACCO Brands from a “buy” rating to a “hold” rating in a report on Wednesday. Barrington Research lowered their price target on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a report on Tuesday.

ACCO Brands Trading Up 0.8 %

NYSE:ACCO opened at $4.55 on Wednesday. The company has a fifty day moving average of $5.18 and a 200 day moving average of $5.37. ACCO Brands has a 52 week low of $4.30 and a 52 week high of $6.43. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $422.14 million, a P/E ratio of -4.29, a P/E/G ratio of 0.37 and a beta of 1.68.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $448.10 million during the quarter, compared to the consensus estimate of $455.06 million. ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%.

ACCO Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend is Friday, March 14th. ACCO Brands’s payout ratio is currently -28.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its position in ACCO Brands by 132.6% during the 4th quarter. Mackenzie Financial Corp now owns 146,331 shares of the industrial products company’s stock valued at $768,000 after purchasing an additional 83,428 shares during the period. PharVision Advisers LLC purchased a new position in ACCO Brands during the 4th quarter valued at $438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in ACCO Brands by 25.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 345,511 shares of the industrial products company’s stock valued at $1,814,000 after purchasing an additional 70,365 shares during the period. Two Sigma Advisers LP increased its position in ACCO Brands by 2.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,193,265 shares of the industrial products company’s stock valued at $6,265,000 after purchasing an additional 30,800 shares during the period. Finally, Two Sigma Investments LP increased its position in ACCO Brands by 4.3% during the 4th quarter. Two Sigma Investments LP now owns 858,229 shares of the industrial products company’s stock valued at $4,506,000 after purchasing an additional 35,067 shares during the period. 84.56% of the stock is owned by hedge funds and other institutional investors.

ACCO Brands Company Profile

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.