Acco Brands Corporation (NYSE:ACCO) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ACCO to report 3Q20 income of $ 0.15 per share.
For the full year, analysts anticipate top line of $ 1630.36 million, while looking forward to income of $ 0.69 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.13 ~ $ 0.19 per share, while revenues are expected in a range of $ 404.56 million ~ $ 429.85 million
Full Year 2020 topline are forecasted in a range of$ 1,936.00 million ~ $ 1,975.00 million, where as bottomline are predicted in a range of $ 1.20 ~ $ 1.30 per share
Click Here For More Historical Outlooks Of Acco Brands Corporation
Previous Quarter Performance
Acco Brands Corporation recorded income for the second quarter of $ 0.12 per share, from the revenue of $ 366.90 million. The quarterly earnings down 66.67 percent while revenues down 29.27 percent compared with the same quarter last year. Wall street analysts are predicting revenue of $ 351.87 million The top line results outshined analysts by $ 15.03 million or 4.27 percent.
Stock Performance
Shares of Acco Brands Corporation traded low $ -0.09 or -1.38 percent on Friday, reaching $ 6.44 with volume of 829.90 thousand shares. Acco Brands Corporation has traded high as $ 6.63 and has cracked $ 6.22 on the downward trend
According to the previous trading day, closing price of $ 6.44, representing a 86.04 % increase from the 52 week low of $ 3.51 and a 42.62 % decrease over the 52 week high of $ 11.38.
The company has a market capital of $ 608.34 million and is part of the Consumer Goods sector and Office Supplies industry.
Recent Stock Dividend Announcement
On August 6, 2020, the board of directors authorized quarterly dividend of $ 0.065 per share to holders of record as of the close of business on August 26, 2020, with payment date of September 18, 2020 and ex-dividend date on August 25, 2020.
ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.
