Acme United (NYSEAMERICAN:ACU) Releases FY 2019 Earnings Guidance

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.

The company also recently announced a — dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a dividend yield of 2.4%.

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.

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