Zacks: Acme United Corporation. (ACU) Given $24.00 Average Price Target by Brokerages

Acme United Corporation. (NASDAQ:ACU) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus target price of $24.00 for the company and are anticipating that the company will post $0.77 EPS for the current quarter, according to Zacks. Zacks has also given Acme United an industry rank of 107 out of 256 based on the ratings given to its competitors.

NASDAQ:ACU opened at $19.51 on Friday. Acme United has a 12-month low of $13.50 and a 12-month high of $23.56.

Acme United (NASDAQ:ACU) last released its quarterly earnings results on Thursday, April 18th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $31.37 million for the quarter, compared to analysts’ expectations of $31.40 million.

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.

Recommended Story: What are different types of coverage ratios?

Get a free copy of the Zacks research report on Acme United (ACU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Acme United Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acme United and related companies with MarketBeat.com's FREE daily email newsletter.