Acco Brands (NYSE:ACCO) Stock Crosses Above Fifty Day Moving Average – Should You Sell?
by Scott Moore · The Cerbat GemAcco Brands Corporation (NYSE:ACCO – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $4.38 and traded as high as $5.50. Acco Brands shares last traded at $5.48, with a volume of 5,456,482 shares changing hands.
Key Headlines Impacting Acco Brands
Here are the key news stories impacting Acco Brands this week:
- Positive Sentiment: Adjusted earnings beat expectations. ACCO reported third-quarter adjusted EPS of $0.28, well above the $0.19 analyst consensus and up from $0.21 a year earlier. Operating income increased to $30.3 million from $26.0 million. ACCO Brands Tops Q3 Earnings Estimates
- Positive Sentiment: Guidance was raised. ACCO now expects full-year reported sales growth of 4% to 6% and adjusted EPS of $0.98 to $1.02. The outlook includes a $0.12-per-share benefit from tariff refunds, while the Trust acquisition is expected to provide additional sales growth. ACCO Brands Third-Quarter Earnings Results
- Positive Sentiment: Tariff refunds and the Trust acquisition boosted the outlook. Net tariff refunds contributed $15.1 million to third-quarter operating income, or $0.11 per diluted share. ACCO also completed its Trust acquisition on October 1, expanding the company’s growth platform. Year-to-date free cash flow was $89 million, and cash totaled $174.7 million at quarter-end. ACCO Brands Reports Third-Quarter Results and Closes Trust Acquisition
- Neutral Sentiment: Underlying sales were largely flat. Revenue declined 0.9% year over year to $380.3 million and was slightly below the $383.7 million consensus estimate. This suggests that the earnings beat and improved outlook were driven partly by cost performance, tariff refunds and acquisition benefits rather than broad organic sales growth. ACCO Brands Reports Third-Quarter Sales and EPS
- Negative Sentiment: Some investors may view the earnings quality as less durable. The quarter benefited materially from one-time tariff refunds, while ACCO carries meaningful leverage with a debt-to-equity ratio of 1.30. A recent insider share sale also provides a modest cautionary signal, although it does not establish a broader change in management’s outlook.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ACCO. Barrington Research set a $6.00 price objective on shares of Acco Brands in a report on Wednesday, August 5th. Weiss Ratings raised shares of Acco Brands from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Finally, Wall Street Zen raised Acco Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.00.
Get Our Latest Research Report on Acco Brands
Acco Brands Stock Performance
The company has a quick ratio of 1.22, a current ratio of 1.97 and a debt-to-equity ratio of 1.30. The firm has a 50 day moving average of $4.38 and a 200-day moving average of $3.96. The company has a market cap of $505.86 million, a P/E ratio of 7.83, a PEG ratio of 0.82 and a beta of 1.20.
Acco Brands (NYSE:ACCO – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The industrial products company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Acco Brands had a return on equity of 13.54% and a net margin of 4.23%. The firm had revenue of $380.30 million for the quarter, compared to analyst estimates of $383.70 million. As a group, sell-side analysts anticipate that Acco Brands Corporation will post 0.88 EPS for the current fiscal year.
Acco Brands Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 20th will be given a $0.0750 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, November 20th. Acco Brands’s payout ratio is presently 48.39%.
Institutional Investors Weigh In On Acco Brands
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Acco Brands during the 2nd quarter valued at $36,919,000. Allspring Global Investments Holdings LLC increased its position in shares of Acco Brands by 0.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,717,401 shares of the industrial products company’s stock valued at $22,612,000 after acquiring an additional 67,799 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Acco Brands by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,436,286 shares of the industrial products company’s stock valued at $13,308,000 after acquiring an additional 79,116 shares during the period. Bank of America Corp DE purchased a new position in Acco Brands in the 2nd quarter worth $4,291,000. Finally, Bank of New York Mellon Corp purchased a new position in Acco Brands in the 2nd quarter worth $4,079,000. Hedge funds and other institutional investors own 84.56% of the company’s stock.
Acco Brands Company Profile
ACCO Brands Corporation is a global manufacturer and marketer of consumer and office products. Its portfolio includes supplies and equipment used in workplaces, schools and homes, as well as products designed to support organization, productivity and personal technology.
The company’s brands include Swingline, Kensington, Mead, Five Star, GBC, Quartet and Esselte. Its products include staplers, punches, shredders, laminators, binding systems, presentation supplies, notebooks, planners, backpacks, computer accessories and other workspace and school supplies.
ACCO Brands traces its history to the American Clip Company, founded in 1903.