Sidoti Csr Has Pessimistic View of ACCO Brands Q1 Earnings

ACCO Brands Co. (NYSE:ACCO) – Sidoti Csr decreased their Q1 2025 earnings estimates for shares of ACCO Brands in a research report issued to clients and investors on Monday, February 24th. Sidoti Csr analyst G. Burns now expects that the industrial products company will earn ($0.04) per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for ACCO Brands’ current full-year earnings is $1.02 per share.

A number of other brokerages also recently weighed in on ACCO. Barrington Research lowered their price target on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a report on Tuesday. StockNews.com cut shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th.

ACCO Brands Trading Up 2.8 %

Shares of NYSE ACCO opened at $4.53 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The stock’s 50 day moving average price is $5.20 and its two-hundred day moving average price is $5.38. ACCO Brands has a 52-week low of $4.30 and a 52-week high of $6.43. The stock has a market capitalization of $420.28 million, a P/E ratio of -4.27, a PEG ratio of 0.37 and a beta of 1.68.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $448.10 million during the quarter, compared to analyst estimates of $455.06 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%.

ACCO Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend is Friday, March 14th. ACCO Brands’s payout ratio is -28.30%.

Institutional Trading of ACCO Brands

Several hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its stake in ACCO Brands by 21.8% in the third quarter. Assenagon Asset Management S.A. now owns 998,189 shares of the industrial products company’s stock valued at $5,460,000 after buying an additional 178,921 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ACCO Brands in the 3rd quarter worth about $86,000. Stephens Inc. AR acquired a new stake in shares of ACCO Brands in the 3rd quarter worth about $131,000. Capital Management Corp VA lifted its position in ACCO Brands by 14.3% in the 3rd 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 during the last quarter. Finally, Easterly Investment Partners LLC boosted its stake in 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 purchasing an additional 37,157 shares during the period. Institutional investors own 84.56% of the company’s stock.

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.