ACCO Brands Has A Strong Growth Trajectory But Faces Macroeconomic Headwinds
ACCO Brands Corporation is poised for long-term growth as more companies mandate 5-day, in-office work weeks, driving demand for office supplies and furniture. Despite recent revenue declines, ACCO's cost-saving initiatives and focus on innovation are expected to improve margins and drive future growth. Near-term headwinds include constrained consumer spending and foreign exchange impacts, but a return-to-office trend may boost sales in late FY25.
ACCO Brands Corporation (ACCO) Q4 2024 Earnings Call Transcript
ACCO Brands Corporation (NYSE:ACCO ) Q4 2024 Earnings Conference Call February 21, 2025 8:30 AM ET Company Participants Chris McGinnis - Senior Director of Investor Relations Tom Tedford - President and CEO Deb O'Connor - EVP and CFO Conference Call Participants Joe Gomez - Noble Capital Greg Burns - Sidoti Kevin Steinke - Barrington Research William Reuter - Bank of America Operator Hello, everyone. And thank you for joining the ACCO Brands 4Q and Full Year 2024 Earnings Call.
Acco Brands (ACCO) Misses Q4 Earnings and Revenue Estimates
Acco Brands (ACCO) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.39 per share a year ago.
ACCO Brands: This Diverse Consumer Brands Name Remains On Sale
ACCO Brands Corporation is a cheap stock with potential, despite declining revenue and a 5.5% drop since my August 2024 “Buy” recommendation. The firm is cutting costs, reducing debt, and analysts expect improved earnings, making it a strong candidate for future outperformance. ACCO's diverse product range and market leadership in key segments add to its attractiveness, despite challenges like digitalization and remote work trends.
ACCO Brands: Turning The Corner
ACCO Brands Corporation is poised for revenue growth, driven by easing comparisons, market share gains, new product innovations, and expanding distribution channels. Margins are expected to improve due to operating leverage, cost-saving initiatives, and a favorable margin mix from exiting low-margin categories. The company's valuation is attractive, trading at a discount to historical averages and peers, with a forward dividend yield of 5.31%.
ACCO Brands Corporation (ACCO) Q3 2024 Earnings Call Transcript
ACCO Brands Corporation (NYSE:ACCO ) Q3 2024 Earnings Conference Call November 1, 2024 8:30 AM ET Company Participants Chris McGinnis - Senior Director of Investor Relations Tom Tedford - President and CEO Deborah O'Connor - EVP and CFO Conference Call Participants Greg Burns - Sidoti & Company Joe Gomes - NOBLE Capital Kevin Steinke - Barrington Hale Holden - Barclays William Reuter - Bank of America Operator Hello, and welcome to the ACCO Brands Third Quarter 2024 Earnings Conference Call. My name is Elliot and I'll be coordinating your call today.
Acco Brands (ACCO) Meets Q3 Earnings Estimates
Acco Brands (ACCO) came out with quarterly earnings of $0.23 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.24 per share a year ago.
ACCO Brands: An Incredibly Cheap, But Imperfect, Opportunity
ACCO Brands has been underperforming financially, with revenue, profits, and cash flows declining recently. Despite the revenue drop, the company remains attractively priced compared to similar enterprises. Management expects the second half of the year to be better, with the potential for shares to appreciate in the future.
ACCO Brands Corporation (ACCO) Q2 2024 Earnings Call Transcript
ACCO Brands Corporation (NYSE:ACCO ) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Company Participants Chris McGinnis - Senior Director of Investor Relations Tom Tedford - President and CEO Deborah O'Connor - EVP and CFO Conference Call Participants Gregory Burns - Sidoti & Co. Joe Gomes - NOBLE Capital Kevin Steinke - Barrington Research William Reuter - Bank of America Operator Hello, everyone, and welcome to the ACCO Brands Second Quarter 2024 Earnings Conference Call. My name is Nadia, and I'll be coordinating the call today.
Acco Brands (ACCO) Beats Q2 Earnings Estimates
Acco Brands (ACCO) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.38 per share a year ago.
How Much Upside is Left in Acco (ACCO)? Wall Street Analysts Think 114.88%
The average of price targets set by Wall Street analysts indicates a potential upside of 114.9% in Acco (ACCO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Panagora Asset Management Inc. Has $3.26 Million Stake in ACCO Brands Co. (NYSE:ACCO)
Panagora Asset Management Inc. cut its position in ACCO Brands Co. (NYSE:ACCO – Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 536,919 shares of the industrial products company’s stock after selling 4,912 shares during the quarter. Panagora Asset Management Inc. owned 0.57% of ACCO Brands worth $3,264,000 as of its most recent SEC filing. Other hedge funds have also recently made changes to their positions in the company. WINTON GROUP Ltd boosted its position in ACCO Brands by 15.1% during the 3rd quarter. WINTON GROUP Ltd now owns 17,172 shares of the industrial products company’s stock worth $99,000 after buying an additional 2,255 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of ACCO Brands by 3.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 69,312 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 2,424 shares during the period. DMC Group LLC grew its stake in shares of ACCO Brands by 13.8% in the fourth quarter. DMC Group LLC now owns 20,276 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 2,459 shares during the last quarter. AXQ Capital LP increased its holdings in ACCO Brands by 34.8% in the third quarter. AXQ Capital LP now owns 16,770 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 4,332 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in ACCO Brands by 8.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 82,879 shares of the industrial products company’s stock worth $504,000 after purchasing an additional 6,738 shares during the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds. ACCO Brands Stock Performance ACCO stock opened at $5.15 on Monday. The firm has a market cap of $492.34 million, a PE ratio of -19.07, a price-to-earnings-growth ratio of 0.40 and a beta of 1.66. The company has a current ratio of 1.69, a quick ratio of 0.95 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average price of $5.18 and a 200-day moving average price of $5.56. ACCO Brands Co. has a 1-year low of $4.64 and a 1-year high of $6.62. ACCO Brands (NYSE:ACCO – Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The industrial products company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $358.90 million during the quarter, compared to the consensus estimate of $371.80 million. ACCO Brands had a negative net margin of 1.36% and a positive return on equity of 12.42%. The company’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. As a group, equities research analysts expect that ACCO Brands Co. will post 1.07 earnings per share for the current year. ACCO Brands Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.30 annualized dividend and a dividend yield of 5.83%. ACCO Brands’s dividend payout ratio is -111.11%. Insider Buying and Selling In related news, SVP Angela Y. Jones sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $4.96, for a total value of $74,400.00. Following the sale, the senior vice president now owns 18,621 shares in the company, valued at approximately $92,360.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.30% of the stock is owned by company insiders. Analyst Ratings Changes ACCO has been the topic of a number of analyst reports. StockNews.com lowered ACCO Brands from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Barrington Research reissued an “outperform” rating and set a $7.50 target price on shares of ACCO Brands in a research report on Thursday, February 29th. Get Our Latest Stock Analysis on ACCO About ACCO Brands (Free Report) ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.
