Acco Brands Corporation (ACCO) Stocks Reach New Highs at $5.37 During Trading Session

In other words, the price has increased by $0.00 from its previous closing price. On the day, 1092966 shares were traded. ACCO stock price reached its highest trading level at $5.44 during the session, while it also had its lowest trading level at $5.33.

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Ratios:

Our goal is to gain a better understanding of ACCO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.44. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 1.22.

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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 21 ’23 when McCormack Gregory J. sold 11,723 shares for $5.16 per share. The transaction valued at 60,444 led to the insider holds 129,094 shares of the business.

Bernstein Roxanne M bought 5,000 shares of ACCO for $27,000 on Mar 09 ’23. The EVP & Pres, ACCO Brands N.A. now owns 25,000 shares after completing the transaction at $5.40 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACCO now has a Market Capitalization of 509.77M and an Enterprise Value of 1.46B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 0.80 whereas that against EBITDA is 12.00.

Stock Price History:

Over the past 52 weeks, ACCO has reached a high of $6.62, while it has fallen to a 52-week low of $4.30. The 50-Day Moving Average of the stock is 6.11, while the 200-Day Moving Average is calculated to be 5.54.

Shares Statistics:

The stock has traded on average 602.85K shares per day over the past 3-months and 818.6k shares per day over the last 10 days, according to various share statistics. A total of 94.93M shares are outstanding, with a floating share count of 91.19M. Insiders hold about 3.94% of the company’s shares, while institutions hold 84.99% stake in the company. Shares short for ACCO as of Feb 15, 2024 were 2.08M with a Short Ratio of 3.45, compared to 2.09M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.19% and a Short% of Float of 2.25%.

Dividends & Splits

In the trailing 12 months, ACCO’s forward annual dividend rate was 0.30, compared to 0.30 this year. Against a Trailing Annual Dividend Yield of 5.59%, it implies a Forward Annual Dividend Yield of 5.59%. The stock’s 5-year Average Dividend Yield is 4.02.

Earnings Estimates

Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.02 and a low estimate of $0.01, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.32, with high estimates of $0.34 and low estimates of $0.3.

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 $1.25, with 3 analysts recommending between $1.27 and $1.23.

Revenue Estimates

3 analysts predict $371.8M in revenue for the current quarter. It ranges from a high estimate of $373.3M to a low estimate of $370M. As of the current estimate, Acco Brands Corporation’s year-ago sales were $402.6M, an estimated decrease of -7.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $458.3M, a decrease of -7.20% over than the figure of -$7.70% in the same quarter last year. There is a high estimate of $460M for the next quarter, whereas the lowest estimate is $456.7M.

A total of 3 analysts have provided revenue estimates for ACCO’s current fiscal year. The highest revenue estimate was $1.77B, while the lowest revenue estimate was $1.76B, resulting in an average revenue estimate of $1.76B. In the same quarter a year ago, actual revenue was $1.83B, down -3.90% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $1.8B in the next fiscal year. The high estimate is $1.82B and the low estimate is $1.8B. The average revenue growth estimate for next year is up 2.40% from the average revenue estimate for this year.

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