News articles about Acco Brands Corporation (NYSE:ACCO) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Acco Brands Corporation earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.5155330160255 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Acco Brands Corporation (NYSE:ACCO) Stock Closed -6.7% Below Its 50 Day Moving Average (highlightpress.com)
- ACCO Brands Corp. – Value Analysis (NYSE:ACCO) : August 15, 2017 (finance.yahoo.com)
- Fox Run Management LLC Reduces Stake in Acco Brands Corporation (NYSE:ACCO) (elcumanes.com)
- BidaskClub Upgrades Acco Brands Corporation (ACCO) to “Sell” (lazeresportes.com)
- Eqis Capital Management Inc. Raises Position in Acco Brands Corporation (ACCO) (overnewsmagazine.com)
Acco Brands Corporation (NYSE ACCO) remained flat at $10.75 during mid-day trading on Friday. 499,413 shares of the company’s stock were exchanged. The stock has a 50 day moving average of $11.50 and a 200-day moving average of $12.41. Acco Brands Corporation has a 52-week low of $9.06 and a 52-week high of $14.75. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 21.41 and a beta of 1.30.
Acco Brands Corporation (NYSE:ACCO) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $490 million during the quarter, compared to analyst estimates of $497.17 million. Acco Brands Corporation had a return on equity of 15.03% and a net margin of 3.25%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. Equities analysts predict that Acco Brands Corporation will post $1.10 EPS for the current fiscal year.
ACCO has been the subject of several recent analyst reports. Zacks Investment Research cut Acco Brands Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. ValuEngine cut Acco Brands Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub upgraded Acco Brands Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Finally, BWS Financial restated a “buy” rating and issued a $18.00 price target on shares of Acco Brands Corporation in a research note on Tuesday, July 4th.
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In other Acco Brands Corporation news, SVP Kathy D. Schnaedter sold 68,653 shares of Acco Brands Corporation stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $11.26, for a total transaction of $773,032.78. Following the completion of the transaction, the senior vice president now owns 68,655 shares in the company, valued at approximately $773,055.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Neal V. Fenwick acquired 12,313 shares of Acco Brands Corporation stock in a transaction on Thursday, August 3rd. The shares were bought at an average price of $10.60 per share, with a total value of $130,517.80. Following the purchase, the vice president now directly owns 423,311 shares in the company, valued at approximately $4,487,096.60. The disclosure for this purchase can be found here. Company insiders own 4.50% of the company’s stock.
Acco Brands Corporation 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.
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