Acme United (NYSEAMERICAN:ACU) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Acme United (NYSEAMERICAN:ACU) posted its quarterly earnings results on Friday. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04, Bloomberg Earnings reports. The company had revenue of $37.00 million during the quarter. Acme United updated its FY 2019 guidance to $1.48-1.48 EPS.

ACU opened at $20.02 on Friday. The stock has a 50-day moving average price of $20.33 and a 200-day moving average price of $19.98. Acme United has a 1 year low of $13.50 and a 1 year high of $22.87.

The business also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be given a $0.12 dividend. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 30th.

Separately, Zacks Investment Research lowered Acme United from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th.

Acme United Company Profile

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. It offers scissors, shears, rulers, pencil sharpeners, paper trimmers, lettering products, craft products, and safety cutters under the Westcott brand name; and cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand.

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Earnings History for Acme United (NYSEAMERICAN:ACU)

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