ACCO Brands Co. (NYSE:ACCO – Get Free Report) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 1,970,000 shares, a drop of 6.6% from the July 15th total of 2,110,000 shares. Based on an average trading volume of 609,400 shares, the short-interest ratio is currently 3.2 days. Currently, 2.1% of the company’s shares are sold short.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Barrington Research decreased their target price on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 10th.
Get Our Latest Report on ACCO Brands
Institutional Inflows and Outflows
ACCO Brands Stock Up 3.5 %
Shares of NYSE:ACCO opened at $5.28 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.95 and a current ratio of 1.69. ACCO Brands has a 52-week low of $4.36 and a 52-week high of $6.62. The business’s 50 day simple moving average is $4.79 and its two-hundred day simple moving average is $5.18. The firm has a market cap of $504.77 million, a P/E ratio of -19.56, a PEG ratio of 0.40 and a beta of 1.62.
ACCO Brands (NYSE:ACCO – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. ACCO Brands had a negative net margin of 10.15% and a positive return on equity of 12.57%. The business had revenue of $438.30 million during the quarter, compared to the consensus estimate of $452.73 million. During the same quarter last year, the firm posted $0.38 EPS. ACCO Brands’s revenue was down 11.3% compared to the same quarter last year. As a group, research analysts forecast that ACCO Brands will post 1.04 EPS for the current fiscal year.
ACCO Brands Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend is Friday, August 16th. ACCO Brands’s dividend payout ratio is presently -111.11%.
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.
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