For its first fiscal quarter (ending March 31), ACCO Brands Corp (NYSE: ACCO) has reported E.P.S. of $-0.07 compared to $-0.04 a year ago. This performance was $-0.18 short of the consensus estimate of $0.11. E.P.S. were $-0.25 for the latest four quarters through March 31 versus $-0.16 for the same period a year ago.
Recent Price Action
On 5/2/24, ACCO Brands Corp (NYSE: ACCO) stock enjoyed a large increase of 3.4%, closing at $4.92. Trading volume in this advance was normal. The stock is unchanged during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ACCO is expected to continue to be an important Value Builder.
ACCO Brands has a current Value Trend Rating of B (Positive). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ACCO Brands has a good Appreciation Score of 82 but a slightly negative Power Rating of 37, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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