Acme United (ACU) Releases Earnings Results, Misses Expectations By $0.22 EPS

Acme United (NYSEAMERICAN:ACU) issued its quarterly earnings data on Friday. The company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.22), MarketWatch Earnings reports. Acme United had a net margin of 3.56% and a return on equity of 9.64%. The firm had revenue of $34.73 million during the quarter, compared to analyst estimates of $36.30 million.

Shares of NYSEAMERICAN ACU traded down $2.26 during trading on Friday, reaching $18.39. The stock had a trading volume of 13,550 shares, compared to its average volume of 5,143. Acme United has a fifty-two week low of $18.39 and a fifty-two week high of $25.55.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 2nd will be paid a $0.11 dividend. The ex-dividend date is Monday, October 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.39%.

In related news, CEO Walter C. Johnsen sold 12,000 shares of the business’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $22.20, for a total transaction of $266,400.00. Following the completion of the transaction, the chief executive officer now directly owns 316,373 shares of the company’s stock, valued at approximately $7,023,480.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Acme United Company Profile

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. It offers scissors, shears, rulers, pencil sharpeners, paper trimmers, lettering products, and math tools under the Westcott brand name; and cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand.

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Earnings History for Acme United (NYSEAMERICAN:ACU)

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