Acme United (NYSE:ACU) Releases Quarterly Earnings Results

Acme United (NYSE:ACU) announced its earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, RTT News reports. Acme United had a net margin of 10.25% and a return on equity of 9.70%. During the same quarter in the prior year, the firm earned $0.39 earnings per share.

Acme United Stock Down 6.0 %

Shares of ACU stock traded down $2.41 on Thursday, hitting $37.67. The stock had a trading volume of 29,920 shares, compared to its average volume of 14,764. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. The business has a 50 day moving average of $38.62 and a 200 day moving average of $39.56. Acme United has a 12-month low of $32.85 and a 12-month high of $50.00. The stock has a market cap of $141.41 million, a price-to-earnings ratio of 7.65 and a beta of 0.63.

Acme United Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, March 26th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Wednesday, March 26th. Acme United’s payout ratio is currently 24.69%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Acme United from a “hold” rating to a “buy” rating in a research report on Saturday, March 29th.

About Acme United

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.