Ultime notizie per ACCO Brands (NYSE:ACCO) Azioni

ACCO Brands

ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO and other brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs. It generates maximum profit from ACCO Brands North America segment.

ACCO Brands Corp

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ACCORD FINCL CORP by Accord Financial Corp.

Accord Financial Corp

Barrington Research analyst Kevin Steinke maintains ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) with a Outperform and raises the price target from $7 to $7.5.

News

Price Target

Analyst Ratings

ACCO

Barrington Research Maintains Outperform on ACCO Brands, Raises Price Target to $7.5

Guidance

ACCO Brands Sees FY24 Adj. EPS $1.04-$1.09 Vs $1.04 Est; Sees Free Cash Flow $130M

ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) reported quarterly earnings of $0.09 per share which missed the analyst consensus estimate of $0.15 by 40 percent. The company reported quarterly sales of $420.900 million which beat the analyst consensus estimate of $418.200 million by 0.65 percent. This is a 6.05 percent decrease over sales of $448.000 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

ACCO Brands Q3 2024 GAAP EPS $0.09 Misses $0.15 Estimate, Sales $420.900M Beat $418.200M Estimate

ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect ACCO Brands to report an earnings per share (EPS) of $0.23.
Anticipation surrounds ACCO Brands's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Overview of Past Earnings</h3>
In the previous earnings release, the company beat EPS by $0.06, leading to a 6.63% drop in the share price the following trading session.
Here's a look at ACCO Brands's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.31</td>
<td>0.02</td>
<td>0.33</td>
<td>0.23</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.37</td>
<td>0.03</td>
<td>0.39</td>
<td>0.24</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-7.000000000000001%</td>
<td>-1.0%</td>
<td>-13.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730307730_0.png" alt="eps graph" />
<h3>Analyst Insights on ACCO Brands</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding ACCO Brands.
Analysts have given ACCO Brands a total of 1 ratings, with the consensus rating being Outperform. The average one-year price target is $7.0, indicating a potential 43.74% upside.
<h3>Comparing Ratings Among Industry Peers</h3>
The below comparison of the analyst ratings and average 1-year price targets of NL Industries, Interface and Steelcase, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>The consensus among analysts is an Underperform trajectory for NL Industries, with an average 1-year price target of $6.0, indicating a potential 23.2% upside.</li>
<li>The consensus among analysts is an Outperform trajectory for Interface, with an average 1-year price target of $22.0, indicating a potential 351.75% upside.</li>
<li>Steelcase is maintaining an Outperform status according to analysts, with an average 1-year price target of $16.0, indicating a potential 228.54% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary offers a detailed examination of key metrics for NL Industries, Interface and Steelcase, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>ACCO Brands</td>
<td>Outperform</td>
<td>-11.20%</td>
<td>$152.60M</td>
<td>-18.20%</td>
</tr>
<tr>
<td>NL Industries</td>
<td>Underperform</td>
<td>-1.99%</td>
<td>$11.16M</td>
<td>2.11%</td>
</tr>
<tr>
<td>Interface</td>
<td>Outperform</td>
<td>5.17%</td>
<td>$122.61M</td>
<td>5.10%</td>
</tr>
<tr>
<td>Steelcase</td>
<td>Outperform</td>
<td>0.14%</td>
<td>$295.40M</td>
<td>6.75%</td>
</tr>
</tbody>
</table>

Key Takeaway:
ACCO Brands ranks at the bottom for Revenue Growth among its peers. It also ranks at the bottom for Gross Profit. However, it ranks at the top for Return on Equity.
<h3>Unveiling the Story Behind ACCO Brands</h3>
ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO and other brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs. It generates maximum profit from ACCO Brands North America segment.
<h3>Unraveling the Financial Story of ACCO Brands</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: ACCO Brands's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -11.2%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: ACCO Brands's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -28.56%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): ACCO Brands's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -18.2%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): ACCO Brands's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -5.05%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: ACCO Brands's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.74, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<a href="https://www.benzinga.com/quote/ACCO/earnings">To track all earnings releases for ACCO Brands visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of ACCO Brands's Earnings

Barrington Research analyst Kevin Steinke maintains ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) with a Outperform and maintains $7 price target.

Barrington Research Maintains Outperform on ACCO Brands, Maintains $7 Price Target

Acco Brands (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 19.35%. A quarter ago, it was expected that this maker of office supplies would post earnings of $0.02 per share when it actually produced earnings of $0.03, delivering a surprise of 50%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Acco, which belongs to the Zacks Office Supplies industry, posted revenues of $438.3 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 3.19%. This compares to year-ago revenues of $493.6 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Acco shares have lost about 16% since the beginning of the year versus the S&amp;P 500&#39;s gain of 15.8%.
<h2>What&#39;s Next for Acco?</h2>
While Acco has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Acco: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.28 on $431.63 million in revenues for the coming quarter and $1.04 on $1.72 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Office Supplies is currently in the bottom 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Industrial Products sector, Hillenbrand (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hi#NYSE">HI</a>), is yet to report results for the quarter ended June 2024. The results are expected to be released on August 7.
This diversified industrial company specializing in business-to-business products is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of -13.7%. The consensus EPS estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level.
Hillenbrand&#39;s revenues are expected to be $815.9 million, up 13.9% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2314777/acco-brands-acco-beats-q2-earnings-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2314777">To read this article on Zacks.com click here.</a>

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Acco Brands Beats Q2 Earnings Estimates

ACCO Brands Sees Q3 FY24 Adj. EPS $0.21-$0.24 vs $0.28 Est., Sees FY24 Adj. EPS $1.04-$1.09 vs $1.04 Est.

ACCO Brands Q2 2024 Adj. EPS $0.37 Beats $0.31 Estimate, Sales $438M Miss $452.733M Estimate

Barrington Research analyst Kevin Steinke maintains ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) with a Outperform and lowers the price target from $7.5 to $7.

Barrington Research Maintains Outperform on ACCO Brands, Lowers Price Target to $7

Rockwell Automation Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rok#NYSE">ROK</a>) announced that it is expanding its collaborations with NVIDIA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) to accelerate the development of safer and smarter industrial AI mobile robots in manufacturing. This move will help customers improve performance and efficiency. 
Previously, in March 2024, the companies collaborated to accelerate a next-generation industrial architecture. ROK intends to transform the industry by designing the factory of the future, making it easier for automation customers to digitize industrial processes. 
ROK plans on integrating NVIDIA Omniverse Cloud APIs with its Emulate3D digital twin application. This will enable factory analysis, including operations and simulation, to be quicker and more predictive than ever. 
As part of this partnership, NVIDIA joined the Rockwell Automation PartnerNetwork, allowing customers to use their applications to improve resilience, agility and sustainability. The companies will benefit from Rockwell&#39;s industrial AI expertise and NVIDIA&#39;s AI and robotics capabilities, which will fuel an exciting new generation of autonomous mobile robots. 
Rockwell Automation is poised well to benefit from broadening its portfolio of hardware and software products, solutions, and services. It is also gaining traction from investments in the cloud. 
The company reported adjusted earnings per share of $2.50 in second-quarter fiscal 2024 (ended Mar 31, 2024), surpassing the Zacks Consensus Estimate of $2.15. The bottom line declined 17% year over year, primarily attributed to lower sales volume and operating margins in the Intelligent Devices and Software &amp; Control segments. The improved performance of the Lifecycle Services segment somewhat offset this. 
Total revenues were $2.13 billion, down 6.6% from the prior-year quarter&#39;s levels. The top line beat the Zacks Consensus Estimate of $2.04 billion.
<h3>Price Performance</h3>
In the past year, Rockwell Automation&#39;s shares have dropped 11.7% compared with the industry&#39;s 13.2% decline.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2d/68311.jpg?v=1102861200" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Rockwell Automation currently carries a Zacks Rank #5 (Strong Sell). 
Some better-ranked stocks from the Industrial Products sector are Intellicheck, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idn#NASDAQ">IDN</a>) and ACCO Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>). IDN currently sports a Zacks Rank #1 (Strong Buy) and ACCO carries a Zacks Rank #2 (Buy). 
The Zacks Consensus Estimate for Intellicheck&#39;s 2024 earnings is pegged at 2 cents. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 28.9%. IDN&#39;s shares have gained 15.2% in the past year. 
The Zacks Consensus Estimate for ACCO Brands&#39; 2024 earnings is pegged at $1.07 per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 25.9%. The stock has gained 6.6% in the past year.
<a href="https://www.zacks.com/stock/news/2284743/rockwell-automation-rok-to-expand-collaboration-with-nvidia?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2284743">To read this article on Zacks.com click here.</a>

Tech

NVDA

Rockwell Automation to Expand Collaboration With NVIDIA

<h3>Gainers</h3>
<ul>
<li>Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) shares increased by 3.8% to $3.58 during Wednesday's after-market session. The company's market cap stands at $1.1 billion. </li>
<li>Velo3D (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) stock rose 1.47% to $0.14. The company's market cap stands at $42.7 million. </li>
<li>Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) shares moved upwards by 0.93% to $142.36. The company's market cap stands at $8.6 billion. </li>
<li>Stanley Black &amp; Decker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) shares increased by 0.74% to $85.05. The market value of their outstanding shares is at $13.0 billion. </li>
<li>Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) shares rose 0.59% to $80.11. The market value of their outstanding shares is at $8.3 billion. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock increased by 0.55% to $0.18. The company's market cap stands at $10.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Multi Ways Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MWG#AMEX">MWG</a>) shares fell 11.7% to $0.52 during Wednesday's after-market session. The market value of their outstanding shares is at $16.0 million. </li>
<li>Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) shares declined by 6.38% to $0.66. The market value of their outstanding shares is at $55.8 million. </li>
<li>Getaround (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) shares decreased by 6.2% to $0.17. The company's market cap stands at $15.3 million. </li>
<li>ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) shares declined by 5.0% to $4.95. The market value of their outstanding shares is at $473.4 million. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) stock declined by 2.94% to $0.17. The market value of their outstanding shares is at $6.6 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares decreased by 2.85% to $0.32. The company's market cap stands at $26.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

ACHR

BURU

GETR

GNRC

OPTT

SRFM

VATE

12 Industrials Stocks Moving In Wednesday's After-Market Session

Lincoln Electric Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/leco#NASDAQ">LECO</a>) shares have lost 20.9% in the past three months compared with the industry&#39;s 10% decline. This mainly reflects escalating freight and material costs. Low volumes in the Harris Products Group add to the woes.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3d/67575.jpg?v=50542931" /> 
Image Source - Zacks Investment Research
<h3>High Costs, Weakness in Harris Products Group Ail</h3>
Lincoln Electric is witnessing inflationary headwinds from escalating labor and raw material costs that impacted its margins. In addition, continued risks of possible supply-chain disruptions are expected to result in lower operating activity and higher inefficiencies in the business. 
The Harris Products Group&#39;s revenues have been bearing the brunt of lower volumes for the past four quarters, reflecting weak demand. Lower volumes primarily reflect soft residential-oriented applications (HVAC, plumbing). This will continue to weigh on the segment&#39;s results. 
The company has a market capitalization of around $3 billion. It currently carries a Zacks Rank #3 (Hold). Let us discuss the factors that indicate that the stock might stage a comeback. 
Strong Backlogs &amp; Demand in Most Markets: Lincoln Electric has witnessed improving order rates across all end-market sectors, regions and products. The company is seeing strong quoting activity and high backlogs for equipment systems and automation solutions. The company&#39;s equipment sales are being driven by solid demand across direct and distribution channels. Robust backlog and acquisitions are expected to benefit the company&#39;s performance through this year. 
Focus on Pricing: LECO has also been effectively managing to counter raw material inflation through pricing actions and improved productivity. Backed by these tailwinds, the company has delivered improvement in revenues in the past 12 quarters. This momentum is expected to continue in the next few quarters as well. 
On Track to Achieve Targets: The company has a target of sales CAGR growth of high-single-digit to low-double-digit percentage for 2020-2025, per its Higher Standard 2025 Strategy. The company has delivered a sales CAGR of 12% over the 2020-2023 period, which indicates that it is on track to achieve its goals. 
Also, the adjusted EPS CAGR is envisioned at high-teens to low 20% for 2020-2025. The company has witnessed a CAGR of 31% in 2020-2023. For 2024, it expects low- to mid-single-digit organic sales growth and incremental operating income margin in the low-to-mid 20%. 
Solid Balance Sheet: Lincoln Electric had cash and cash equivalents of around $375 million at the end of the first quarter of 2024. 
The company generated $133 million in cash flow from operations in the first quarter of 2024, up from $124 million in the first quarter of 2023. LECO returned $152 million to shareholders via dividends and share repurchases through the quarter.
Its total debt-to-total capital ratio was 0.46 as of Mar 31, 2024, lower than 0.51 as of Mar 31, 2023. The times interest earned ratio was 18.3 as of Mar 31, 2024. Lincoln Electric has a balanced capital allocation strategy, prioritizing growth investment while returning cash to shareholders. 
The company will continue to evaluate M&amp;A options focused primarily on tuck-in assets, supporting its Higher Standard 2025 strategy. 
Focus on Growth: Lincoln Electric is focused on product development and using digital platforms to engage customers. Its product launches in the automation solutions market are likely to aid growth. The company is focused on its new additive services business, which will position Lincoln Electric as a manufacturer of large-scale 3D-printed metal spell parts, prototypes and tooling for industrial customers. 
This is likely to be a growth opportunity for Lincoln Electric. The company continues to expand the brand&#39;s geographic and channel reach into attractive areas such as automation in sync with its strategy initiatives.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Lincoln Electric currently has a Zacks Rank #3 (Hold). 
Some better-ranked stocks from the Industrial Products sector are Intellicheck, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idn#NASDAQ">IDN</a>), Applied Industrial Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) and ACCO Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>). IDN currently sports a Zacks Rank #1 (Strong Buy), and AIT and ACCO carry a Zacks Rank #2 (Buy). 
The Zacks Consensus Estimate for Intellicheck&#39;s 2024 earnings is pegged at 2 cents per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 28.9%. IDN shares have gained 77.9% in the past three months. 
Applied Industrial has an average trailing four-quarter earnings surprise of 8.2%. The Zacks Consensus Estimate for AIT&#39;s 2024 earnings is pinned at $9.62 per share, which indicates year-over-year growth of 9.9%. Estimates have moved north by 2% in the past 60 days. The company&#39;s shares have gained 2.7% in the past three months. 
The Zacks Consensus Estimate for ACCO Brands&#39; 2024 earnings is pegged at $1.07 per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 25.9%. ACCO shares have gained 1.5% in the past three months.
<a href="https://www.zacks.com/stock/news/2280214/lincoln-electric-leco-dips-21-in-3-months-will-it-recover?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2280214">To read this article on Zacks.com click here.</a>

LECO

Lincoln Electric Dips 21% in 3 Months: Will It Recover?

Apogee Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apog#NASDAQ">APOG</a>) shares have shot up 77.4% in the past year against the industry&#39;s decline of 34.6%. Moreover, the S&amp;P 500 has risen 8.2% over the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/06/67576.jpg?v=883956240" /> 
Image Source -&nbsp;Zacks Investment Research
Let us take a look into the factors that are driving this Zacks Rank #3 (Hold) stock.
<h3>What&#39;s Going in Apogee&#39;s Favor?</h3>
Solid Segment Performances: APOG&#39;s Architectural Glass segment witnessed solid year-over-year growth and margin expansion in the fourth quarter of fiscal 2024 despite significant supply-chain and inflation headwinds. 
The segment is gaining on improved pricing and product mix, reflecting the company&#39;s strategic shift toward more premium products. The segment is also benefiting from an improved sales mix and productivity gains from its Lean program and higher pricing that helped offset inflation. 
The company&#39;s Architectural Services segment is also gaining from a favorable mix of projects. 
The Architectural Services segment&#39;s backlog was $808 million at the end of the fiscal fourth quarter compared with $777 million in the prior quarter&#39;s end. The backlog in the Architectural Framing segment amounted to $201 million, up from $184 million at the end of third-quarter fiscal 2024. This bodes well for the company. 
Impressive Strategic Actions: Following a detailed strategic review of its business, the company has embarked on a plan to deliver profitable growth and improved returns. The strategy is centered on three pillars, including becoming the economic leader in its target markets, actively managing the portfolio to drive higher margins and Return on Invested Capital, and strengthening its core capabilities to enable profitable growth. 
In 2022, it announced three-year financial goals, which include ROIC greater than 12%, an operating margin greater than 10% and revenue growth greater than 1.2 times growth of the non-residential construction market. 
Backed by these initiatives, in fiscal 2024, ROIC hit 16.5%, surpassing the company&#39;s goal. The operating margin rose to 10.3%, which also exceeded the target of more than 10%. 
Strong Balance Sheet: The company&#39;s solid liquidity position, coupled with a strong free cash flow, places it well to drive growth. It returned $33 million of cash to shareholders through share repurchases and dividend payments in fiscal 2024. 
Apogee had cash and cash equivalents of $37.2 million at the end of fiscal 2024 compared with $19.9 million at the end of fiscal 2023. Cash generated from operating activities was $204 million in fiscal 2024 compared with the prior year&#39;s $103 million. The long-term debt was $62 million at the end of fiscal 2024 compared with $170 million at the end of fiscal 2023.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the Industrial Products sector are Intellicheck, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idn#NASDAQ">IDN</a>), Applied Industrial Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) and ACCO Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>). IDN currently sports a Zacks Rank #1 (Strong Buy), and AIT and ACCO carry a Zacks Rank #2 (Buy). 
The Zacks Consensus Estimate for Intellicheck&#39;s 2024 earnings is pegged at 2 cents per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 28.9%. IDN shares have gained 13.7% in the past year. 
Applied Industrial has an average trailing four-quarter earnings surprise of 8.2%. The Zacks Consensus Estimate for AIT&#39;s 2024 earnings is pinned at $9.62 per share, which indicates year-over-year growth of 9.9%. Estimates have moved north by 2% in the past 60 days. The company&#39;s shares have gained 60.1% in the past year. 
The Zacks Consensus Estimate for ACCO Brands&#39; 2024 earnings is pegged at $1.07 per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 25.9%. ACCO shares have gained 1.5% in the past year.
<a href="https://www.zacks.com/stock/news/2280218/shares-of-apogee-apog-rally-77-in-a-year-here-s-why?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2280218">To read this article on Zacks.com click here.</a>

APOG

Shares of Apogee Rally 77% in a Year: Here's Why

ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $0.02 by 50 percent. The company reported quarterly sales of $359.00 million which missed the analyst consensus estimate of $371.80 million by 3.44 percent. This is a 10.83 percent decrease over sales of $402.60 million the same period last year.

ACCO Brands Q1 2024 Adj EPS $0.03 Beats $0.02 Estimate, Sales $359.00M Miss $371.80M Estimate

Barrington Research analyst Kevin Steinke reiterates ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) with a Outperform and maintains $7.5 price target.

Reiteration

Barrington Research Reiterates Outperform on ACCO Brands, Maintains $7.5 Price Target

Shares of MercadoLibre, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meli#NASDAQ">MELI</a>) fell sharply during Friday&rsquo;s session after the company reported <a href="https://www.benzinga.com/news/earnings/24/02/37274889/mercadolibre-reports-mixed-q4-results-earnings-miss-revenues-beat">fourth-quarter financial results.</a>
MercadoLibre reported quarterly earnings of $3.25 per share, unchanged from the same period last year. The company reported quarterly sales of $4.26 billion, beating the analyst consensus estimate of $4.12 billion.
MercadoLibre shares dipped 9.6% to $1,643.30 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
Gainers
<ul>
<li>AXT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axti#NASDAQ">AXTI</a>) shares surged 74.4% to $3.9750 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Maravai LifeSciences Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvi#NASDAQ">MRVI</a>) shares jumped 60.8% to $8.22 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>AtlasClear Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atch#NYSE">ATCH</a>) rose 48% to $1.6899.</li>
<li>EZFill Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezfl#NASDAQ">EZFL</a>) gained 44.6% to $ 1.8088.</li>
<li>Ocean Biomedical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocea#NASDAQ">OCEA</a>) jumped 42.3% to $0.7819.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gyre#NASDAQ">GYRE</a>) gained 36.2% to $21.79.</li>
<li>Carvana Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>) rose 31.2% to $68.77 after the company reported fourth-quarter financial results.</li>
<li>Sleep Number Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snbr#NASDAQ">SNBR</a>) gained 30.5% to $14.42 after the company reported better-than-expected fourth-quarter financial results. Also, Wedbush maintained a Neutral rating on the stock and raised its price target from $12 to $13.5.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) rose 26% to $ 35.72.</li>
<li>Root, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>) gained 26% to $16.85 after the company reported better-than-expected fourth-quarter financial results. Following earnings, Cantor Fitzgerald upgraded the stock from Neutral to Overweight and raised its price target from $9 to $13.</li>
<li>Infobird Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ifbd#NASDAQ">IFBD</a>) gained 25.7% to $3.72.</li>
<li>Vroom, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrm#NASDAQ">VRM</a>) jumped 25.5% to $ 10.50. Vroom is expected to release fourth quarter earnings on March 13, 2024.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) rose 25.4% to $35.61.</li>
<li>Intuitive Machines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lunr#NASDAQ">LUNR</a>) gained 22.4% to $10.14 after the company&#39;s Odysseus spacecraft landed on the Moon.</li>
<li>Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) climbed 19.4% to $81.20 after the company reported better-than-expected fourth-quarter sales results and issued guidance.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) gained 18.3% to $6.82.</li>
<li>Universal Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uve#NYSE">UVE</a>) gained 18.2% to $20.37 following upbeat results.</li>
<li>Docebo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcbo#NASDAQ">DCBO</a>) gained 17.7% to $53.99 following upbeat quarterly results.</li>
<li>Universal Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uve#NYSE">UVE</a>) shares rose 17.2% to $20.20 following strong quarterly results.</li>
<li>Nextdoor Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kind#NASDAQ">KIND</a>) gained 16.9% to $2.0101 after the company reported preliminary fourth-quarter financial results and announced Nirav Tolia will return to the company as CEO.</li>
<li>Evolent Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/evh#NYSE">EVH</a>) gained 12.6% to $33.54 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Tandem Diabetes Care, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tndm#NASDAQ">TNDM</a>) climbed 12.1% to $28.02 amid volatility after the company reported fourth-quarter financial results.</li>
<li>American Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amswa#NASDAQ">AMSWA</a>) gained 11.6% to $11.49 following strong quarterly results.</li>
<li>Akero Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akro#NASDAQ">AKRO</a>) surged 11% to $26.86.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) climbed 10.6% to $6.39.</li>
<li>LegalZoom.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lz#NASDAQ">LZ</a>) gained 10.5% to $10.87 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance. </li>
<li>Vir Biotechnology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vir#NASDAQ">VIR</a>) rose 10.3% to $11.36 following strong sales results.</li>
<li>Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) rose 10.2% to $273.10 after the company reported better-than-expected fourth-quarter results.</li>
<li>Hyatt Hotels Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/h#NYSE">H</a>) climbed 8.9% to $147.66 after the company reported better-than-expected fourth-quarter sales results and issued guidance.</li>
<li>RB Global, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rba#NYSE">RBA</a>) rose 8.2% to $73.98 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued guidance.</li>
<li>Victoria&#39;s Secret &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vsco#NYSE">VSCO</a>) gained 5% to $29.75.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sequans Communications S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sqns#NYSE">SQNS</a>) fell 65% to $0.8925 after Renesas announced that it has terminated the previously announced MOU for a proposed acquisition of Sequans.</li>
<li>Smith Micro Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smsi#NASDAQ">SMSI</a>) shares fell 41.5% to $0.4781 after posting weak quarterly sales.</li>
<li>ModivCare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/modv#NASDAQ">MODV</a>) fell 39.9% to $26.39 after the company issued weak sales forecast for the first quarter.</li>
<li>Greenbrook TMS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gbnh#NASDAQ">GBNH</a>) dipped 37% to $0.1285 after announcing delisting from the Nasdaq.</li>
<li>Upland Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upld#NASDAQ">UPLD</a>) tumbled 34.5% to $2.8890 after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY24 revenue guidance below estimates.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) shares fell 31.2% to $14.00 after reporting fourth-quarter results.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) fell 29.3% to $7.79.</li>
<li>Fox Factory Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxf#NASDAQ">FOXF</a>) tumbled 27% to $47.38 after the company reported mixed fourth-quarter financial results and issued FY24 EPS and revenue guidance below estimates.</li>
<li>ImmunityBio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibrx#NASDAQ">IBRX</a>) fell 25% to $3.9299.</li>
<li>Vicor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vicr#NASDAQ">VICR</a>) fell 21.2% to $36.92 after the company reported worse-than-expected quarterly financial results.</li>
<li>Gray Television, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtn#NYSE">GTN</a>) fell 21.2% to $6.26 after the company reported a year-over-year decrease in fourth-quarter financial results and issued first-quarter revenue guidance below estimates.</li>
<li>La Rosa Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrhc#NASDAQ">LRHC</a>) shares dipped 19.2% to $2.2150 after jumping around 96% on Thursday. La Rosa Holdings disclosed that it has acquired a 100% interest in the La Rosa Realty Winter Garden franchise in Florida.</li>
<li>The E.W. Scripps Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssp#NASDAQ">SSP</a>) fell 15% to $4.58 following weak quarterly earnings.</li>
<li>AlTi Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alti#NASDAQ">ALTI</a>) dipped 14.6% to $6.02.</li>
<li>indie Semiconductor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indi#NASDAQ">INDI</a>) shares fell 14.2% to $5.91 following weak quarterly sales.</li>
<li>nLIGHT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lasr#NASDAQ">LASR</a>) fell 13.6% to $11.93 following fourth-quarter results.</li>
<li>ACCO Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>) declined 12.2% to $5.64 after the company reported fourth-quarter financial results and issued weak FY24 guidance.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) fell 12% to $858.42 after the company announced a private offering of convertible senior notes.</li>
<li>Booking Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkng#NASDAQ">BKNG</a>) shares fell 9.7% to $3,522.25 after the company reported fourth-quarter financial results.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) fell 9.3% to $8.68 after the company reported fourth-quarter financial results below estimates.</li>
<li>Penumbra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pen#NYSE">PEN</a>) fell 8% to $241.77 after the company reported mixed fourth-quarter financial results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/02/37283655/intuit-to-rally-around-14-here-are-10-top-analyst-forecasts-for-friday"> Intuit To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Friday </a>

Intraday Update

AAOI

AKRO

ALTI

AMSWA

ATCH

ATNI

AXTI

BKNG

CVNA

DCBO

EZFL

FOXF

GBNH

GYRE

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

IBRX

IFBD

INDI

KIND

LASR

LRHC

LUNR

MELI

MODV

MRVI

OCEA

ROOT

SMCI

SMSI

SNBR

SQNS

TNDM

UPLD

VICR

VSCO

VTYX

Why MercadoLibre Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Primech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMEC#NASDAQ">PMEC</a>) stock increased by 29.9% to $2.61 during Friday's regular session. The market value of their outstanding shares is at $92.7 million. </li>
<li>Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) shares rose 22.46% to $10.14. The company's market cap stands at $296.3 million. </li>
<li>flyExclusive (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FLYX#AMEX">FLYX</a>) shares moved upwards by 18.04% to $10.99. The company's market cap stands at $189.3 million. </li>
<li>TPI Composites (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) stock rose 16.13% to $2.92. The company's market cap stands at $135.4 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Nxu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXU#NASDAQ">NXU</a>) shares moved upwards by 13.71% to $1.0. The market value of their outstanding shares is at $3.1 million. </li>
<li>LegalZoom.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LZ#NASDAQ">LZ</a>) stock moved upwards by 12.76% to $11.09. The market value of their outstanding shares is at $2.0 billion. As per the press release, Q4 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Vicor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) shares declined by 19.7% to $37.62 during Friday's regular session. The company's market cap stands at $1.6 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) stock fell 14.44% to $1.66. The company's market cap stands at $28.2 million. </li>
<li>BioNexus Gene Lab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGLC#NASDAQ">BGLC</a>) shares decreased by 13.87% to $0.71. The market value of their outstanding shares is at $12.6 million. </li>
<li>ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) shares fell 13.48% to $5.55. The market value of their outstanding shares is at $527.3 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Ideal Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPWR#NASDAQ">IPWR</a>) stock fell 11.25% to $10.1. The market value of their outstanding shares is at $60.0 million. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares declined by 10.06% to $0.57. The market value of their outstanding shares is at $8.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BGLC

ELWS

FLYX

HTOO

IPWR

PMEC

TPIC

12 Industrials Stocks Moving In Friday's Intraday Session

WIIM

Acco Brands shares are trading lower after the company reported Q4 financial results and issued weak Q1 and FY24 guidance.

ACCO Brands Sees Q1 2024 Adj. EPS $0.01-$0.04 Vs $0.08 Est.; Sales Down 6.5%-8.0%

ACCO Brands Sees FY24 Adj. EPS $1.07-$1.11 Vs $1.20 Est.; Sales Down 2.0%-5.0%

The Company is reaffirming its full year 2024 outlook. For the full year, the Company expects reported sales to be down in the range of 8.0% to 9.0...

Acco Brands sees FY24 adjusted EPS $1.04-$1.09, consensus $1.04

ACCO Brands Non-GAAP EPS of $0.23 in-line, revenue of $420.9M beats by $2.69M

In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on ACCO Brands (ACCO – Research Report), with a price target of ...

Noble Financial Reaffirms Their Buy Rating on ACCO Brands (ACCO)

ACCO Brands declares $0.075 dividend

ACCO Brands Corporation (ACCO) Q3 2024 Earnings Call Transcript

ACCO Brands Corp ( ($ACCO) ) has released its Q3 earnings. Here is a breakdown of the information ACCO Brands Corp presented to its investors. ACCO...

ACCO Brands Reports Steady Q3 2024 Performance

The consumer goods market is attractive now due to rising consumer confidence, potential rate cuts, and steady demand, offering stability amid economic shifts. Therefore, value-focused investors might consider consumer goods stocks like Kimberly-Clark (KMB), ACCO Brands (ACCO), and Ennis (EBF). Read more... Consumer resilience is on the rise, with confidence and spending power rebounding since early 2024. This shift is benefiting the consumer goods sector, as spending moves from cautious to intentional, with a focus on essential and value-driven purchases.
In this favorable landscape, frugal investors might consider fundamentally strong consumer goods stocks like Kimberly-Clark Corporation (<a href="https://stocknews.com/stock/KMB/">KMB</a>), ACCO Brands Corporation (<a href="https://stocknews.com/stock/ACCO/">ACCO</a>), and Ennis, Inc. (<a href="https://stocknews.com/stock/EBF/">EBF</a>).
This December, the U.S. Federal Reserve is expected to cut interest rates by <a href="https://www.reuters.com/markets/rates-bonds/major-brokerages-expect-25-bps-fed-rate-cuts-november-2024-11-07/">25 basis points</a>, potentially boosting the stock market by lowering borrowing costs and encouraging equity investments. This rate cut could foster a favorable environment for consumer goods firms, making it an opportune time to consider investments in this sector as demand rises.
Meanwhile, consumer sentiment reached a six-month high in November, <a href="https://www.barrons.com/livecoverage/stock-market-today-110824/card/consumer-sentiment-climbs-to-highest-reading-in-half-a-year-TORvZB3mx18M3psVpkEO">rising to 73</a> from 70.5 in October, signaling increased confidence and potential for higher spending. With inflation expectations easing, the consumer goods market could see a boost from this renewed optimism and stronger product demand.
Furthermore, according to Statista, the consumer goods market is projected to reach $2.80 trillion in 2024, with an expected <a href="https://www.statista.com/outlook/io/manufacturing/consumer-goods/worldwide">CAGR of 1.19%</a> from 2024 to 2029. This sector could offer a stable investment choice, as companies in consumer goods generally experience consistent product demand, helping them sustain margins even in varying economic conditions.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/consumer-goods/">Consumer Goods</a> picks, beginning with the third choice.
Stock #3: Kimberly-Clark Corporation (<a href="https://stocknews.com/stock/KMB/">KMB</a>) 
KMB and its subsidiaries manufacture and market personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional.
In terms of forward GAAP <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E</a>, KMB's 17.31x is 11.8% lower than the 19.62x industry average.
In the third quarter that ended September 30, 2024, KMB's total net sales were $4.95 billion. The company's operating profit came in at $1.15 billion, up 49.1% year-over-year. Furthermore, its adjusted net income attributable to KMB and adjusted EPS rose 5.1% and 5.2% from the prior year's quarter to $617 million and $1.83, respectively.
Analysts expect KMB's EPS for the quarter ending March 31, 2025, to increase 2% year-over-year to $2.05. Its revenue for fiscal 2025 is expected to grow marginally year-over-year to $20.08 billion. It surpassed the consensus EPS estimates in three of the trailing four quarters. KMB's stock has gained 11.3% over the past nine months to close the last trading session at $131.98.
KMB's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Value and Quality. Within the <a href="https://stocknews.com/category/consumer-goods/">Consumer Goods</a> industry, it is ranked #13 out of 55 stocks. To access KMB's grades for Growth, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/KMB/">click here</a>.
Stock #2: ACCO Brands Corporation (<a href="https://stocknews.com/stock/ACCO/">ACCO</a>)
ACCO 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.
On November 14, 2024, ACCO announced Swingline's new collaboration with artist Leah Bisch, unveiling two stylish metal stapler designs, Wildflowers and Tan Tiles. These staplers combine functionality with Bisch's vibrant floral artistry, now available on Amazon, Swingline.com, and soon on Staples.com.
In terms of forward EV/EBITDA, ACCO's 6.41x is 48.6% lower than the 12.48x industry average. Likewise, its 6x forward non-GAAP P/E is 71.7% lower than the 21.19x industry average. Also, its 7.69x forward EV/EBIT is 56.7% lower than the 17.76x industry average.
ACCO's net sales for the third quarter ending September 30, 2024, were $420.90 million. The company's non-GAAP operating income was $44.70 million, and its non-GAAP net income was $22.50 million. Additionally, its non-GAAP earnings per share were $0.23.
For the quarter ending December 31, 2024, ACCO's EPS is expected to grow 5.1% year-over-year to $0.41. Its revenue for the quarter ending March 31, 2025, is expected to rise 1.1% year-over-year to $362.80 million. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 28.8% to close the last trading session at $6.09.
ACCO's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has a B grade for Growth, Value, and Sentiment. It is ranked #2 in the same industry. To see ACCO's Momentum, Stability, and Quality ratings, <a href="https://stocknews.com/stock/ACCO/">click here</a>.
Stock #1: Ennis, Inc. (<a href="https://stocknews.com/stock/EBF/">EBF</a>)
EBF manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser-cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure-sensitive products.
In terms of forward EV/Sales, EBF's 1.14x is 44.4% lower than the 2.04x industry average. Its 8.55x forward EV/EBIT is 51.8% lower than the 17.76x industry average. Likewise, its 13.92x forward non-GAAP P/E is 34.3% lower than the 21.19x industry average.
During the second quarter ending on August 31, 2024, EBF reported net sales of $99.04 million, with a gross profit of $29.78 million. The company's net earnings were $10.31 million, or $0.40 per share, for the quarter. Furthermore, the company's total assets stood at $406.81 million as of August 31, 2024, compared to $399.19 million as of February 29, 2024.
EBF's stock has gained 8.4% over the past nine months to close the last trading session at $21.45.
EBF's solid prospects are reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has an A grade for Quality. It is ranked #3 in the Consumer Goods industry. Beyond what we stated above, we also have given EBF grades for Growth, Value, Momentum, Stability, and Sentiment. Get all the EBF's ratings <a href="https://stocknews.com/stock/EBF/">here</a>.
What To Do Next?
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KMB shares were trading at $131.68 per share on Thursday afternoon, down $0.51 (-0.39%). Year-to-date, KMB has gained 11.34%, versus a 26.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/kmb-ebf-acco-3-value-stocks-in-consumer-goods-for-the-frugal-investor/>3 Value Stocks in Consumer Goods for the Frugal Investor</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Value Stocks in Consumer Goods for the Frugal Investor

ACCO Brands: Turning The Corner

Analyst Kevin Steinke of Barrington maintained a Buy rating on ACCO Brands (ACCO – Research Report), boosting the price target to $7.50. Kevin Stei...

ACCO Brands: Sustained Profitability and Growth Amid Challenging Sales Conditions

Barrington raised the firm's price target on Acco Brands (ACCO) to $7.50 from $7 and keeps an Outperform rating on the shares. The firm cites the c...

Acco Brands price target raised to $7.50 from $7 at Barrington

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