ACCO Brands (ACCO) Scheduled to Post Quarterly Earnings on Monday

ACCO Brands (NYSE:ACCO – Get Rating) is set to issue its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

ACCO Brands Trading Up 0.3 %

Shares of ACCO Brands stock opened at $7.17 on Monday. The stock has a fifty day simple moving average of $6.91 and a 200 day simple moving average of $7.62. ACCO Brands has a 12-month low of $6.36 and a 12-month high of $9.76. The company has a market capitalization of $695.39 million, a P/E ratio of 5.83 and a beta of 1.87. The company has a current ratio of 1.68, a quick ratio of 0.85 and a debt-to-equity ratio of 1.26.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ACCO. Point72 Hong Kong Ltd grew its stake in ACCO Brands by 1,042.2% in the 1st quarter. Point72 Hong Kong Ltd now owns 3,358 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 3,064 shares during the period. Lazard Asset Management LLC purchased a new position in shares of ACCO Brands during the 1st quarter valued at $30,000. Great West Life Assurance Co. Can lifted its position in shares of ACCO Brands by 36.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 7,435 shares of the industrial products company’s stock valued at $62,000 after buying an additional 1,968 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of ACCO Brands during the 1st quarter valued at $99,000. Finally, XTX Topco Ltd purchased a new position in shares of ACCO Brands during the 1st quarter valued at $110,000. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com downgraded ACCO Brands from a “buy” rating to a “hold” rating in a research note on Friday, April 29th. TheStreet downgraded ACCO Brands from a “b” rating to a “c+” rating in a research note on Wednesday, April 27th.

About ACCO Brands

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ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, calendars, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.