Acco Brands Corporation (ACCO) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that ACCO Brands Reports Fourth Quarter and Full Year 2023 Results and Provides Outlook for 2024.

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Stocks Info

Acco Brands Corporation is listed on the NYSE in the Industrials sector while operating in the Business Equipment & Supplies industry. At the end of the last regular session, the stock closed at $5.60 and fluctuated between $5.62 as its day high and $5.48 as its day low. The current market capitalization of Acco Brands Corporation is $531.61M. A total of 0.61 million shares were traded on the day, compared to an average of 592.65K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ACCO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 8 SELLs from insiders. Insiders purchased 213,553 shares during that period but sold 42,741.

In the most recent transaction, McCormack Gregory J. sold 11,723 shares of ACCO for 5.16 per share on Aug 21. After the transaction, the SVP, Global Products & Ops now owns 129,094 company shares. In a previous transaction on Mar 09, Bernstein Roxanne M bought 5,000 shares at 5.40 per share. ACCO shares that EVP & Pres, ACCO Brands N.A. owns now total 25,000.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. ACCO’s most recent ex-dividend date was 3/14/2024 when it declared a $0.0750 quarterly dividend that was paid in cash on 3/27/2024. Previously, the company paid the dividend on 12/6/2023 with an ex-dividend date of 11/14/2023. The ACCO stock dividend was $0.0750 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, ACCO has a high of $6.62 and a low of $4.30.

As of this writing, ACCO has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.02 per share and a lower estimate of $0.01. The company reported an EPS of $0.24 in the last quarter, which was 4.30% higher than expectations of $0.23.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ACCO’s latest balance sheet shows that the firm has $41.20M in Cash & Short Term Investments as of fiscal 2021. There were $1.11B in debt and $708.60M in liabilities at the time. Its Book Value Per Share was $8.29, while its Total Shareholder’s Equity was $864.80M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ACCO is Buy with a score of 5.00.

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