ACCO Brands (NYSE:ACCO) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04, Briefing.com reports. ACCO Brands had a return on equity of 15.99% and a net margin of 3.51%. The firm had revenue of $566.80 million for the quarter, compared to analysts’ expectations of $563.27 million. During the same period in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. ACCO Brands updated its FY18 guidance to $1.33-1.37 EPS.

ACCO Brands (NYSE ACCO) traded up $1.87 during mid-day trading on Wednesday, reaching $13.02. The company had a trading volume of 1,092,079 shares, compared to its average volume of 482,954. The company has a market cap of $1,188.04, a PE ratio of 22.41, a PEG ratio of 0.89 and a beta of 1.34. ACCO Brands has a fifty-two week low of $10.35 and a fifty-two week high of $14.75. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.70 and a quick ratio of 1.09.

ACCO Brands declared that its board has initiated a stock repurchase plan on Wednesday, February 14th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

ACCO has been the topic of a number of analyst reports. Zacks Investment Research raised ACCO Brands from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, October 31st. SunTrust Banks reissued a “hold” rating and issued a $13.00 price target on shares of ACCO Brands in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $15.00.

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ACCO Brands Company Profile

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.

Earnings History for ACCO Brands (NYSE:ACCO)

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