Acme United (ACU) Set to Announce Earnings on Friday

Acme United (NYSE:ACU) is scheduled to be posting its quarterly earnings results on Friday, April 19th.

Acme United (NYSE:ACU) last issued its quarterly earnings data on Friday, March 1st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.15). Acme United had a return on equity of 9.38% and a net margin of 9.29%. The company had revenue of $41.94 million for the quarter.

Acme United Stock Down 2.6 %

Shares of ACU stock opened at $42.76 on Thursday. The firm has a fifty day moving average of $44.70 and a 200-day moving average of $40.57. The company has a quick ratio of 1.41, a current ratio of 3.54 and a debt-to-equity ratio of 0.24. Acme United has a 12-month low of $23.24 and a 12-month high of $50.99. The company has a market capitalization of $155.86 million, a price-to-earnings ratio of 9.12 and a beta of 0.74.

Acme United Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Thursday, March 28th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, March 27th. Acme United’s dividend payout ratio (DPR) is currently 12.79%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. TheStreet raised shares of Acme United from a “c+” rating to a “b” rating in a research report on Wednesday, February 14th. StockNews.com downgraded shares of Acme United from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its stake in Acme United by 7.5% in the first quarter. Acadian Asset Management LLC now owns 19,874 shares of the company’s stock valued at $669,000 after acquiring an additional 1,381 shares during the last quarter. State Street Corp lifted its stake in Acme United by 16.6% in the first quarter. State Street Corp now owns 8,195 shares of the company’s stock valued at $278,000 after acquiring an additional 1,165 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Acme United in the second quarter valued at $205,000. UBS Group AG acquired a new stake in Acme United in the third quarter valued at $34,000. Finally, Dimensional Fund Advisors LP lifted its stake in Acme United by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 178,953 shares of the company’s stock valued at $4,119,000 after acquiring an additional 1,637 shares during the last quarter. Institutional investors own 62.10% of the company’s stock.

Acme United Company Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.