Noble Financial Predicts Reduced Earnings for ACCO Brands

ACCO Brands Co. (NYSE:ACCO) – Analysts at Noble Financial cut their Q1 2025 EPS estimates for shares of ACCO Brands in a research report issued on Monday, February 24th. Noble Financial analyst J. Gomes now forecasts that the industrial products company will post earnings per share of ($0.05) for the quarter, down from their previous forecast of $0.04. The consensus estimate for ACCO Brands’ current full-year earnings is $1.02 per share. Noble Financial also issued estimates for ACCO Brands’ FY2025 earnings at $1.04 EPS and FY2026 earnings at $1.14 EPS.

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

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

ACCO Brands Trading Up 0.8 %

NYSE ACCO opened at $4.55 on Wednesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. The company has a market capitalization of $422.14 million, a price-to-earnings ratio of -4.29, a price-to-earnings-growth ratio of 0.37 and a beta of 1.68. The company’s 50-day simple moving average is $5.18 and its two-hundred day simple moving average is $5.37. ACCO Brands has a one year low of $4.30 and a one year high of $6.43.

Institutional Trading of ACCO Brands

Institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings in shares of ACCO Brands by 123.0% in the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after buying an additional 3,260 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of ACCO Brands in the 3rd quarter valued at about $61,000. Burns Matteson Capital Management LLC bought a new stake in shares of ACCO Brands in the 4th quarter valued at about $61,000. Y Intercept Hong Kong Ltd bought a new stake in shares of ACCO Brands in the 3rd quarter valued at about $63,000. Finally, Xponance Inc. bought a new stake in shares of ACCO Brands in the 4th quarter valued at about $65,000. 84.56% of the stock is currently owned by institutional investors.

ACCO Brands Announces Dividend

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

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.