Profile
Sector:
IndustrialsIndustry:
Business Equipment & SuppliesCountry:
United StatesIPO:
17 August 2005Website:
http://www.accobrands.comNext earnings report:
N/ALast dividends:
16 August 2024Next dividends:
15 November 2024Price
regular market | 8 min agoAnalysts recommendations
Institutional Ownership
ACCO Latest News
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) 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.
LAKE ZURICH, Ill--(BUSINESS WIRE)--ACCO Brands Corporation Declares Quarterly Dividend.
LAKE ZURICH, Ill.--(BUSINESS WIRE)--ACCO Brands Corporation (NYSE: ACCO) a leading global consumer, technology, and business branded products company, today published its 2023 Environmental, Social and Governance (ESG) Report. “At ACCO Brands, we are committed to operating our business with the highest ethical standards and honoring our core value of acting responsibly in our global community,” said Tom Tedford, President and Chief Executive Officer. “We also are transparent with our stakeholde.
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.
BURLINGAME, Calif.--(BUSINESS WIRE)-- #ai--Kensington today announced the availability of the Pro Fit Ergo KB675 EQ TKL Rechargeable Keyboard for Windows and macOS.
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.
ACCO Brands has been undervalued in the past due to ineffective acquisitions and excessive spending, resulting in a decrease in shareholder value. The recent change in leadership with CEO Boris Elisman stepping down signals a change in management strategy towards reducing debt and prioritizing organic growth. If the new management successfully reduces debt as planned, investors could see a potential 20-40% increase in share price over the next two years.
ACCO Brands (ACCO) reported quarterly earnings of $0.03 per share, surpassing the Zacks Consensus Estimate of $0.02 per share. This is lower than the earnings of $0.09 per share from the same quarter last year.
Acco delivered better-than-expected fourth-quarter results, but revenue is heading south. The maker of branded office and school supplies forecasted further sales declines in 2024.
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What type of business is ACCO Brands?
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. It offers its products under the AT-A-GLANCE, Barrilito, Derwent, Esselte, Five Star, Foroni, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, PowerA, Quartet, Rapid, Rexel, Swingline, Tilibra, Artline, and Spirax brand names. The company markets and sells its products through various channels, including mass retailers, e-tailers, discount, drug/grocery, and variety chains; warehouse clubs; hardware and specialty stores; independent office product dealers; office superstores; wholesalers; contract stationers; and technology specialty businesses, as well as sells products directly to commercial and consumer end-users through its e-commerce platform and direct sales organization. The company was founded in 1893 and is headquartered in Lake Zurich, Illinois.
What sector is ACCO Brands in?
ACCO Brands is in the Industrials sector
What industry is ACCO Brands in?
ACCO Brands is in the Business Equipment & Supplies industry
What country is ACCO Brands from?
ACCO Brands is headquartered in United States
When did ACCO Brands go public?
ACCO Brands initial public offering (IPO) was on 17 August 2005
What is ACCO Brands website?
https://www.accobrands.com
Is ACCO Brands in the S&P 500?
No, ACCO Brands is not included in the S&P 500 index
Is ACCO Brands in the NASDAQ 100?
No, ACCO Brands is not included in the NASDAQ 100 index
Is ACCO Brands in the Dow Jones?
No, ACCO Brands is not included in the Dow Jones index
When was ACCO Brands the previous earnings report?
No data
When does ACCO Brands earnings report?
Next earnings report date is not announced yet