Positive News Coverage Very Unlikely to Affect ACCO Brands (ACCO) Share Price

News articles about ACCO Brands (NYSE:ACCO) have been trending positive this week, according to AlphaOne Sentiment. AlphaOne, a unit of Accern, rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ACCO Brands earned a coverage optimism score of 0.29 on AlphaOne’s scale. AlphaOne also assigned headlines about the industrial products company an impact score of 22 out of 100, indicating that recent media coverage is very unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted AlphaOne Sentiment Analysis’s rankings:

ACCO Brands (NYSE:ACCO) opened at 14.00 on Friday. ACCO Brands has a 1-year low of $8.65 and a 1-year high of $14.45. The stock’s 50 day moving average is $13.22 and its 200 day moving average is $12.45. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 16.09 and a beta of 1.52.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings data on Wednesday, February 22nd. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. ACCO Brands had a net margin of 7.89% and a return on equity of 13.86%. The business earned $437.60 million during the quarter, compared to the consensus estimate of $431.31 million. During the same quarter last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Analysts predict that ACCO Brands will post $1.07 EPS for the current fiscal year.

Several brokerages have issued reports on ACCO. Zacks Investment Research lowered shares of ACCO Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 3rd. BWS Financial reiterated a “buy” rating and issued a $18.00 price target on shares of ACCO Brands in a research note on Thursday, April 6th.

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In other ACCO Brands news, SVP Pamela R. Schneider sold 7,199 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $13.10, for a total transaction of $94,306.90. Following the completion of the transaction, the senior vice president now owns 65,248 shares in the company, valued at $854,748.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Pamela R. Schneider sold 42,212 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $14.05, for a total transaction of $593,078.60. Following the transaction, the senior vice president now owns 81,386 shares of the company’s stock, valued at approximately $1,143,473.30. The disclosure for this sale can be found here. Insiders have sold 79,411 shares of company stock valued at $1,089,086 in the last quarter. Company insiders own 3.70% of the company’s stock.

About ACCO Brands

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.

5 Day Chart for NYSE:ACCO

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