In the latest session, ACCO Brands Corporation (NYSE: ACCO) closed at $5.09 down -0.97% from its previous closing price of $5.14. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 609475 shares were traded. ACCO stock price reached its highest trading level at $5.12 during the session, while it also had its lowest trading level at $4.97.
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Ratios:
For a deeper understanding of ACCO Brands Corporation’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.77. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 1.23 whereas as Long-Term Debt/Eq ratio is at 1.16.
Upgrades & Downgrades
On November 12, 2020, KeyBanc Capital Markets Upgraded its rating to Overweight which previously was Sector Weight but kept the price unchanged to $12.
Barrington Research reiterated its Outperform rating for the stock on February 14, 2019, while the target price for the stock was revised from $13 to $11.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 09 when Bernstein Roxanne M bought 5,000 shares for $5.40 per share. The transaction valued at 27,000 led to the insider holds 25,000 shares of the business.
Bernstein Roxanne M bought 10,000 shares of ACCO for $56,399 on Nov 11. The EVP & Pres, ACCO Brands N.A. now owns 20,000 shares after completing the transaction at $5.64 per share. On Nov 09, another insider, Elisman Boris, who serves as the Chairman of the Board and CEO of the company, bought 10,000 shares for $5.17 each. As a result, the insider paid 51,700 and bolstered with 1,241,530 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 0.59.
Stock Price History:
Over the past 52 weeks, ACCO has reached a high of $8.50, while it has fallen to a 52-week low of $4.27. The 50-Day Moving Average of the stock is 5.88, while the 200-Day Moving Average is calculated to be 5.93.
Shares Statistics:
For the past three months, ACCO has traded an average of 505.12K shares per day and 587.27k over the past ten days. A total of 94.40M shares are outstanding, with a floating share count of 91.30M. Insiders hold about 1.30% of the company’s shares, while institutions hold 83.70% stake in the company. Shares short for ACCO as of Jan 30, 2023 were 1.95M with a Short Ratio of 2.13M, compared to 1.87M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.07% and a Short% of Float of 2.41%.
Dividends & Splits
According to the company, the forward annual dividend rate for ACCO is 0.30, from 0.26 in the trailing year. Against a Trailing Annual Dividend Yield of 5.06%, it implies a Forward Annual Dividend Yield of 4.76%. The stock’s 5-year Average Dividend Yield is 3.17.
Earnings Estimates
There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.34 for the current quarter, with a high estimate of $0.35 and a low estimate of $0.32, while EPS last year was $0.54. The consensus estimate for the next quarter is $0.09, with high estimates of $0.16 and low estimates of $0.02.
Analysts are recommending an EPS of between $1.08 and $1.06 for the fiscal current year, implying an average EPS of $1.07. EPS for the following year is $1.23, with 3 analysts recommending between $1.39 and $1.11.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $507.26M this quarter.It ranges from a high estimate of $510M to a low estimate of $504.1M. As of the current estimate, ACCO Brands Corporation’s year-ago sales were $570.3M, an estimated decrease of -11.10% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $396.48M, a decrease of -10.20% over than the figure of -$11.10% in the same quarter last year. There is a high estimate of $408.24M for the next quarter, whereas the lowest estimate is $386.2M.
A total of 4 analysts have provided revenue estimates for ACCO’s current fiscal year. The highest revenue estimate was $1.96B, while the lowest revenue estimate was $1.95B, resulting in an average revenue estimate of $1.96B. In the same quarter a year ago, actual revenue was $2.03B, down -3.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $1.92B in the next fiscal year. The high estimate is $1.98B and the low estimate is $1.9B. The average revenue growth estimate for next year is down -1.70% from the average revenue estimate for this year.
