ACCO Brands (NYSE:ACCO) Announces Earnings Results

ACCO Brands (NYSE:ACCO) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04, MarketWatch Earnings reports. ACCO Brands had a return on equity of 12.82% and a net margin of 4.73%. ACCO Brands updated its Q4 2020
After-Hours guidance to 0.26-0.32 EPS and its Q4 guidance to $0.26-0.32 EPS.

Shares of ACCO opened at $5.62 on Thursday. The company has a 50-day moving average of $6.21 and a two-hundred day moving average of $6.43. The stock has a market cap of $530.88 million, a price-to-earnings ratio of 6.53, a PEG ratio of 1.28 and a beta of 2.05. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.79 and a quick ratio of 1.10. ACCO Brands has a one year low of $3.51 and a one year high of $11.38.

A number of equities research analysts have recently weighed in on ACCO shares. ValuEngine raised ACCO Brands from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Barrington Research began coverage on shares of ACCO Brands in a research report on Tuesday, July 21st. They issued a “buy” rating and a $9.00 price target on the stock. Finally, Zacks Investment Research upgraded ACCO Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, August 4th.

About ACCO Brands

ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.

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Earnings History for ACCO Brands (NYSE:ACCO)

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