ACCO Brands (NYSE:ACCO) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.33-1.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.27. The company issued revenue guidance of +2% to ~$1.99 billion, compared to the consensus revenue estimate of $1.98 billion.
Shares of ACCO Brands (NYSE:ACCO) opened at $12.95 on Thursday. The firm has a market cap of $1,188.04, a P/E ratio of 22.33, a P/E/G ratio of 0.89 and a beta of 1.34. ACCO Brands has a 1-year low of $10.35 and a 1-year high of $14.75. The company has a quick ratio of 1.09, a current ratio of 1.70 and a debt-to-equity ratio of 1.39.
ACCO Brands (NYSE:ACCO) last issued its earnings results on Wednesday, February 14th. The industrial products company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The firm had revenue of $566.80 million for the quarter, compared to analysts’ expectations of $563.27 million. ACCO Brands had a net margin of 3.51% and a return on equity of 15.99%. The firm’s revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. equities analysts forecast that ACCO Brands will post 1.15 EPS for the current year.
ACCO has been the topic of several analyst reports. Zacks Investment Research cut shares of ACCO Brands from a buy rating to a hold rating in a report on Tuesday, January 2nd. SunTrust Banks reaffirmed a hold rating and issued a $13.00 target price on shares of ACCO Brands in a report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ACCO Brands has an average rating of Buy and a consensus target price of $15.00.
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ACCO Brands Company Profile
ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.
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