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ACCO Brands Corporation (ACCO) 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, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.
It offers its products primarily under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Mead, Quartet, Swingline, Derwent, Esselte, Leitz, NOBO, Rapid, Rexel, Artline, Barrilito, Marbig, Tilibra, and Wilson Jones brands.
The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, drug/grocery, and variety chains; warehouse clubs; hardware and specialty stores; independent office product dealers; office superstores; wholesalers; and contract stationers, as well as sells products directly to commercial and consumer end-users through its e-commerce platform and direct sales organization.
Shares have formed a bullish "pennant" following the company's latest earnings report. Higher share prices are expected for this stock. On February 11th, Acco Brands reported 4th Quarter December 2019 earnings of $0.46 per share on revenue of $537.4 million. The consensus earnings estimate was $0.42 per share on revenue of $534.6 million. Revenue grew 1.5% on a year-over-year basis.
The company said it expects 2020 earnings of $1.20 to $1.30 per share on revenue of $1.94 billion to $1.98 billion. The current consensus earnings estimate is $1.31 per share on revenue of $1.96 billion for the year ending December 31, 2020.
Entry Point: $10:10
Stop Loss: $9:60
Trading Range: $7.25 - $11.38
Target Price: $11:25
Closed at $6
