ACCO Brands: Speculative Buy On Valuations And Fundamentals Despite High Debt [Seeking Alpha]
Acco Brands Corporation (ACCO)
Last acco brands corporation earnings: 2/11 04:30 pm
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US:NYSE Investor Relations:
ir.accobrands.com
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Source: Seeking Alpha
Pgiam/iStock via Getty ImagesInvestment ThesisACCO Brands (NYSE:should be partially offset by a volume decline in the PowerA brand, which sells gaming accessories. The gaming industry is experiencing a shortage in semiconductor chips and a reset in demand levels due to the reopening of the economy post-COVID. The stock is trading at a discount to its historical levels and while its high debt levels increases risks, it can be a speculative buy at the current levels.ACCO's Q2 FY22 EarningsLast month, ACCO Brands reported lower-than-expected second quarter FY22 financial results. The revenue in the quarter was up 0.6% Y/Y to $521 mn (vs. the consensus estimate of $538.57 mn). The adjusted EPS was down 14% Y/Y to $0.37 (vs. the consensus estimate of $0.42). The revenue growth in the quarter was driven by higher pricing (8% Y/Y), partially offset by lower volume (-3% Y/Y) and a negative impact of 4.6% from unfavorable currency translation. The adjusted operating margin in the quarter decli
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ACCO
News
- ACCO Brands Corporation Declares Quarterly DividendBusiness Wire
- Kevin's Natural Foods Welcomes New CEO [Yahoo! Finance]Yahoo! Finance
- ACCO Brands Corporation Announces First Quarter 2024 Earnings Webcast [Yahoo! Finance]Yahoo! Finance
- ACCO Brands Corporation Announces First Quarter 2024 Earnings WebcastBusiness Wire
- ACCO Brands, youth hunting and CARES Act discussed [Yahoo! Finance]Yahoo! Finance
ACCO
Earnings
- 2/22/24 - Beat
ACCO
Sec Filings
- 4/2/24 - Form DEFA14A
- 4/2/24 - Form DEF
- 3/29/24 - Form 4
- ACCO's page on the SEC website