Acco Brands Corporation (NYSE:ACCO) is expected to report second quarter earnings results, after market close, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter revenue of $ 351.87 million.
Looking ahead, the full year income are expected at $ 0.59 per share on the revenues of $ 1629.74 million.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 311.22 million ~ $ 389.03 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 unveiled income for the first quarter of $ 0.07 per share, from the revenue of $ 384.10 million. The quarterly earnings lowered 12.50 percent while revenues fell 1.94 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.09 per share from $ 395.58 million in revenue. The bottom line results missed street analysts by $ 0.02 or 22.22 percent, at the same time, top line results fell short of analysts by $ 11.48 million or 2.9 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Acco Brands Corporation
Stock Performance
According to the previous trading day, closing price of ACCO was $ 6.86, representing a 95.44 % increase from the 52 week low of $ 3.51 and a 39.72 % decrease over the 52 week high of $ 11.38.
The company has a market capital of $ 648.01 million and is part of the Consumer Goods sector and Office Supplies industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.065 per share on May 4, 2020. The dividend were payable on June 19, 2020 to holders of record as of the close of business on May 27, 2020 and ex-dividend date on May 26, 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.
