Noble Financial Decreases Earnings Estimates for ACCO Brands

ACCO Brands Co. (NYSE:ACCO) – Noble Financial cut their Q1 2025 EPS estimates for ACCO Brands in a research report issued on Monday, February 24th. Noble Financial analyst J. Gomes now anticipates that the industrial products company will earn ($0.05) per share for the quarter, down from their previous estimate of $0.04. The consensus estimate for ACCO Brands’ current full-year earnings is $1.02 per share. Noble Financial also issued estimates for ACCO Brands’ FY2025 earnings at $1.04 EPS and FY2026 earnings at $1.14 EPS.

A number of other research analysts have also recently commented on the company. StockNews.com cut ACCO Brands from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Barrington Research lowered their price objective on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday.

ACCO Brands Price Performance

ACCO Brands stock opened at $4.53 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The business’s 50 day simple moving average is $5.20 and its 200 day simple moving average is $5.38. ACCO Brands has a 12 month low of $4.30 and a 12 month high of $6.43. The company has a market cap of $420.28 million, a price-to-earnings ratio of -4.27, a PEG ratio of 0.37 and a beta of 1.68.

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

Institutional Investors Weigh In On ACCO Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp grew its position in shares of ACCO Brands by 132.6% in the fourth quarter. Mackenzie Financial Corp now owns 146,331 shares of the industrial products company’s stock valued at $768,000 after purchasing an additional 83,428 shares in the last quarter. PharVision Advisers LLC bought a new position in ACCO Brands in the 4th quarter worth about $438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in ACCO Brands by 25.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 345,511 shares of the industrial products company’s stock valued at $1,814,000 after buying an additional 70,365 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of ACCO Brands by 2.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,193,265 shares of the industrial products company’s stock valued at $6,265,000 after buying an additional 30,800 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in shares of ACCO Brands by 4.3% in the fourth quarter. Two Sigma Investments LP now owns 858,229 shares of the industrial products company’s stock worth $4,506,000 after buying an additional 35,067 shares in the last quarter. Institutional investors own 84.56% of the company’s stock.

ACCO Brands Dividend Announcement

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

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.