Acme United (NYSEAMERICAN:ACU) issued an update on its FY 2019 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.48-1.48 for the period, compared to the Thomson Reuters consensus estimate of $1.48. The company issued revenue guidance of $142-142 million, compared to the consensus revenue estimate of $141.1 million.
Shares of ACU stock opened at $20.02 on Friday. The firm has a fifty day simple moving average of $20.33 and a two-hundred day simple moving average of $19.98. Acme United has a 12 month low of $13.50 and a 12 month high of $22.87.
Acme United (NYSEAMERICAN:ACU) last posted its earnings results on Friday, October 18th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The firm had revenue of $37.00 million during the quarter.
Separately, Zacks Investment Research lowered shares of Acme United from a buy rating to a hold rating in a research note on Thursday, July 18th.
About Acme United
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, craft products, and safety cutters 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.
See Also: What is the NASDAQ?
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.