Analysts Offer Predictions for ACCO Brands FY2024 Earnings

ACCO Brands Co. (NYSE:ACCO) – Analysts at Noble Financial cut their FY2024 earnings per share (EPS) estimates for ACCO Brands in a note issued to investors on Monday, November 4th. Noble Financial analyst J. Gomes now expects that the industrial products company will earn $1.04 per share for the year, down from their prior forecast of $1.05. The consensus estimate for ACCO Brands’ current full-year earnings is $1.04 per share. Noble Financial also issued estimates for ACCO Brands’ Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.30 EPS and Q4 2025 earnings at $0.44 EPS.

A number of other equities research analysts also recently commented on the company. Barrington Research reiterated an “outperform” rating and set a $7.00 price objective on shares of ACCO Brands in a research report on Wednesday, September 4th. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th.

ACCO Brands Stock Performance

ACCO opened at $5.56 on Tuesday. The company has a market capitalization of $532.65 million, a price-to-earnings ratio of -2.94, a price-to-earnings-growth ratio of 0.39 and a beta of 1.63. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.77 and a quick ratio of 1.09. ACCO Brands has a 1-year low of $4.36 and a 1-year high of $6.62. The business has a 50 day moving average price of $5.24 and a two-hundred day moving average price of $5.02.

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

Institutional Investors Weigh In On ACCO Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACCO. Easterly Investment Partners LLC grew its holdings in shares of ACCO Brands by 20.0% during the 3rd quarter. Easterly Investment Partners LLC now owns 222,762 shares of the industrial products company’s stock valued at $1,219,000 after acquiring an additional 37,157 shares in the last quarter. Capital Management Corp VA grew its stake in 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 valued at $19,288,000 after purchasing an additional 439,810 shares in the last quarter. Stephens Inc. AR acquired a new position in ACCO Brands in the 3rd quarter worth about $131,000. Wealth Enhancement Advisory Services LLC acquired a new position in ACCO Brands in the 3rd quarter worth about $86,000. Finally, Assenagon Asset Management S.A. increased its position in ACCO Brands by 21.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 998,189 shares of the industrial products company’s stock worth $5,460,000 after purchasing an additional 178,921 shares during the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Insider Transactions at ACCO Brands

In related news, SVP Pamela R. Schneider sold 19,166 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total value of $104,838.02. Following the completion of the sale, the senior vice president now directly owns 243,899 shares of the company’s stock, valued at approximately $1,334,127.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.30% of the stock is currently owned by insiders.

ACCO Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 15th will be given a $0.075 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.30 annualized dividend and a dividend yield of 5.40%. ACCO Brands’s dividend payout ratio (DPR) is presently -15.87%.

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.