Acme United Corporation. (AMEX:ACU) is reporting third quarter financial results on Wednesday 21st October 2020, before market open.
According to analysts surveyed by Thomson Reuters, ACU is expected to report 3Q20 income of $ 0.34 per share from revenue of $ 38.10 million.
For the full year, analysts anticipate top line of $ 152.98 million, while looking forward to income of $ 1.92 per share bottom line.
Previous Quarter Performance
Acme United Corporation. outlined income for the second quarter of $ 0.92 per share, from the revenue of $ 44.04 million. The quarterly earnings 19.48 percent while revenues up 9.50 percent compared with the same quarter last year.
Street analysts expected Acme United Corporation. to report income of $ 0.79 per share on revenue of $ 41.63 million for the second quarter. The bottom line results beat street analysts by $ 0.13 or 16.46 percent, at the same time, top line results outshined analysts by $ 2.41 million or 5.79 percent.
Stock Performance
Shares of Acme United Corporation. traded up $ 0.24 or 0.93 percent on Tuesday, reaching $ 25.87 with volume of 13.50 thousand shares. Acme United Corporation. has traded high as $ 26.59 and has cracked $ 25.46 on the downward trend
The closing price of $ 25.87, representing a 49.88 % increase from the 52 week low of $ 17.10 and a 3.61 % decrease over the 52 week high of $ 26.59.
The company has a market capital of $ 86.31 million and is part of the Consumer Defensive sector and Household & Personal Products industry.
Conference Call
Acme United Corporation. will be hosting a conference call at 12:00 PM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.acmeunited.com
Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. It offers scissors, shears, rulers, pencil sharpeners, paper trimmers, lettering products, craft products, and safety cutters under the Westcott brand name; and cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand. The company also provides fixed blade, folding, folding knives, line of sight cutting tools, and tactical tools under the Camillus brand name; fishing tools and knives under the Cuda brand; cut and puncture resistant gloves under Kevlar brand; and sharpening tools for knives, scissors, chisels, skis, skates, and other edges under the DMT brand name.
