Sidoti Csr Estimates ACCO Brands’ Q1 Earnings (NYSE:ACCO)

ACCO Brands Co. (NYSE:ACCO) – Sidoti Csr reduced their Q1 2025 earnings per share estimates for shares of ACCO Brands in a report released on Monday, November 4th. Sidoti Csr analyst G. Burns now anticipates that the industrial products company will earn $0.08 per share for the quarter, down from their previous estimate of $0.11. The consensus estimate for ACCO Brands’ current full-year earnings is $1.04 per share.

Several other research firms have also weighed in on ACCO. Barrington Research reiterated an “outperform” rating and set a $7.00 target price on shares of ACCO Brands in a research note on Wednesday, September 4th. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th.

ACCO Brands Trading Up 4.6 %

Shares of NYSE ACCO opened at $5.82 on Wednesday. ACCO Brands has a 52-week low of $4.36 and a 52-week high of $6.62. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $557.07 million, a P/E ratio of -3.08, a PEG ratio of 0.42 and a beta of 1.63. The stock’s 50 day moving average price is $5.25 and its two-hundred day moving average price is $5.03.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $420.90 million for the quarter, compared to analysts’ expectations of $418.20 million. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 13.77%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share.

Institutional Investors Weigh In On ACCO Brands

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in ACCO Brands by 4.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,023,805 shares of the industrial products company’s stock worth $32,950,000 after buying an additional 272,454 shares in the last quarter. Capital Management Corp VA grew its stake in shares of ACCO Brands by 14.3% in the third quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company’s stock worth $19,288,000 after purchasing an additional 439,810 shares in the last quarter. LSV Asset Management grew its stake in shares of ACCO Brands by 0.7% in the first quarter. LSV Asset Management now owns 3,390,700 shares of the industrial products company’s stock worth $19,022,000 after purchasing an additional 24,900 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of ACCO Brands by 34.6% during the second quarter. AQR Capital Management LLC now owns 1,656,925 shares of the industrial products company’s stock valued at $7,788,000 after purchasing an additional 426,201 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of ACCO Brands by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 1,299,759 shares of the industrial products company’s stock valued at $6,109,000 after purchasing an additional 76,840 shares in the last quarter. Institutional investors own 84.56% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Pamela R. Schneider sold 19,166 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $5.47, for a total transaction of $104,838.02. Following the completion of the transaction, the senior vice president now owns 243,899 shares of the company’s stock, valued at approximately $1,334,127.53. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.30% of the stock is owned by corporate insiders.

ACCO Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 15th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.30 dividend on an annualized basis and a yield of 5.16%. ACCO Brands’s payout ratio is currently -15.87%.

About ACCO Brands

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.